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Fairfax out of pocket $2.4M after being hit with indemnity costs in Elaine Stead defamation case
Banki Haddock Fiora 2021-02-08 2:42 pm By Miklos Bolza Sydney

Nine-owned Fairfax will have to pay out over $2 million in legal fees after being hit with indemnity costs on top of a $280,000 judgment in its defamation spat with venture capitalist Dr Elaine Stead for its “Micawber-like” approach to the case.

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Facebook still California dreaming in legal battle with startup
Appeals 2021-02-04 3:50 pm By Cat Fredenburgh Melbourne

Facebook and its subsidiary Instagram are pushing for a competition dispute brought by an Australian social media startup to be heard on their home turf in the state of California.

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Fairfax rejected settlement offers with ‘bugger off letters’, Elaine Stead tells court
Banki Haddock Fiora 2021-02-04 3:23 pm By Miklos Bolza Sydney

Venture capitalist Dr Elaine Stead is seeking indemnity costs after being awarded $280,000 in her defamation case against Nine-owned Fairfax, which she accuses of rejecting several settlement offers with “bugger off letters” and engaging in a “petulant campaign” of media coverage post-judgment.

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Death causes six-month delay of trial in Merck, Pfizer vaccine patent dispute
Corrs Chambers Westgarth 2021-02-03 5:18 pm By Cat Fredenburgh Sydney

The Federal Court has delayed a 15-day hearing in a pneumococcal vaccine patent dispute between Merck Sharp & Dohme and Pfizer after the sudden death of a family member of one of Pfizer’s expert witnesses.

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Concerns about courts wading into funding commission rates ‘exaggerated’, judge says
Adam Hochroth 2021-01-29 10:08 pm By Christine Caulfield Melbourne

Concerns behind criticism that courts aren’t equipped to assess a class action funder’s commission are exaggerated, and the fixing by judges of reasonable remuneration, at least in other cases, is nothing new, a Federal Court judge has said.

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JPMorgan seeks to shield interview docs in ANZ cartel case
ACCC 2021-01-27 9:21 pm By Spencer Fowler Steen Melbourne

While a Federal Court judge recently promised to advance a long-running criminal cartel case against several investment banks and individuals over a $2.5 billion ANZ share placement, a separate judge will soon hear a privilege dispute over documents from whistleblower JPMorgan that promises to further delay the case.

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Elaine Stead awarded $280,000 for AFR’s ‘targeted campaign of offensive mockery’
Banki Haddock Fiora 2021-01-27 11:26 am By Miklos Bolza Sydney

Venture capitalist Dr Elaine Stead has been awarded $280,000 in her defamation case against the Nine-owned Australian Financial Review after the Federal Court found she suffered hurt and damage to her reputation through a “targeted campaign of offensive mockery” about her role in collapsed investment firm Blue Sky Alternative Investments.

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Merck Sharp & Dohme lodges cross appeal in Prevnar 13 vaccine patent spat
Allens 2021-01-25 4:33 pm By Christine Caulfield Melbourne

Drug giant Merck Sharp & Dohme has brought a cross appeal in its long-running intellectual property dispute with Pfizer’s Wyeth over the top selling Prevnar 13 pneumococcal vaccine.

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$25M settlement reached in Dick Smith class actions
Class Actions 2021-01-22 11:50 am By Cat Fredenburgh Melbourne

A $25 million settlement has been reached in three long-running shareholder class actions over the collapse of electronics retailer Dick Smith, under which the funders that backed the litigation will not recover their costs and shareholders recoveries will be small.

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Wyeth seeks total victory in vaccine patent battle with Merck Sharp & Dohme
Allens 2021-01-15 8:53 am By Cat Fredenburgh Sydney

Pfizer unit Wyeth is seeking to overturn part of a judge’s decision in its high-stakes patent dispute with Merck Sharp & Dohme that found claims in two of its patents relating to the blockbuster Prevnar 13 pneumococcal vaccine were invalid.

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