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Judge OKs $3M settlement in Kagara shareholder class action
A $3 million settlement in the shareholder class action against the directors of failed mining company Kagara has been approved, with a Federal Court judge saying the amount is fair and reasonable despite two-thirds of it going to the lawyers and funder that brought the case.
Glencore in-house counsel denied access to Cargill deal docs
A judge has ruled in-house counsel at Glencore can't view "highly confidential" documents related to the possible sale by Cargill of its Joe White malt business.
Millennium wins injunction against Juno over generic cancer drug
US-based Millennium Pharmaceuticals has secured a temporary injunction that bans generic drug maker Juno Pharmaceuticals from importing or selling its cheap version of breakthrough cancer drug Velcade in Australia.
Hancock fights back against doc bid in Rinehart family feud
Hancock Prospecting, owned by mining magnate Mrs Gina Rinehart, is fighting a bid by daughter Ms Bianca Rinehart to access the company's books and records, saying an upcoming High Court decision may change the fate of the case.
Heinz fined $2.25M for peddling sugary kids snacks as healthy
H.J. Heinz Company has been fined $2.25 million for marketing sugary snacks to kids as healthy, a fraction of the $10 million penalty sought by the ACCC.
Commonwealth Bank pans class action pleadings as ‘vague penumbra’
The Commonwealth Bank of Australia is seeking to strike out portions of a shareholder class action over allegedly lax anti-money laundering and anti-terrorism financing controls it calls a "vague penumbra" that leaves the bank in the dark about the case against it.
AstraZeneca challenges landmark sick leave case
AstraZeneca is appealing a Fair Work Commission decision that workers are guaranteed 10 days' sick leave under the National Employment Standards regardless of how long their working day is.
Nurofen superiority claims breached consumer law, Full Court affirms
The Full Federal Court has shot down Reckitt Benckiser's appeal of a ruling that it misled consumers with claims that its Nurofen is a more effective pain killer than rival GlaxoSmithKline's Panadol.
Full Court shrinks class size in Ethicon pelvic mesh class action
The Full Federal Court has handed Johnson & Johnson unit Ethicon a victory in the class action over its allegedly defective vaginal mesh devices, partly reversing a judge's decision that expanded the class post-trial.
Dr. Reddy’s slams Millennium’s injunction bid in cancer drug case
An urgent injunction sought by US-based Millennium Pharmaceuticals to block generic drug maker Dr Reddy's Laboratories from launching a cheap version of the breakthrough cancer drug Velcade has been panned as unnecessary.