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Novartis can’t appeal loss of experts in MS drug patent feud with Pharmacor
Appeals 2022-04-07 12:29 pm By Christine Caulfield

The Full Federal Court won’t give Swiss pharmaceuticals giant Novartis the chance to appeal a ruling that threw out three of its four experts in a patent case against generic drug maker Pharmacor.

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PwC can’t ‘rout’ documents through ‘postbox’ lawyer to secure privilege, court finds
Accounting 2022-04-06 5:52 pm By Miklos Bolza

Advice from non-lawyers and “routed” through a legal practitioner at multidisciplinary partnership PricewaterhouseCoopers cannot be shielded under legal professional privilege, the Federal Court has found.

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Connective directors hit with indemnity costs for ‘outrageous’ conduct in shareholder stoush
Allens 2022-04-06 4:55 pm By Miklos Bolza

The directors of mortgage aggregator Connective Services have been hit with indemnity costs for their “outrageous conduct” in pursuing litigation against a company shareholder, including giving false statements and destroying evidence.

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Court to probe if 7-Eleven class action funder, law firm had deferred fee arrangement
7-Eleven 2022-04-06 11:50 pm By Christine Caulfield

A marathon hearing of an application for court approval of a $98 million settlement in two 7-Eleven class actions has ended with a judge taking the rare step of signing off on the settlement amount while withholding approval of the legal costs and funding commission.

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Judge to appoint costs referee in $56.3M Colonial First class action settlement
Adam Hochroth 2022-04-06 3:33 pm By Sam Matthews

Continuing a recent trend in class actions, a judge will appoint a referee to weigh in on Maurice Blackburn’s costs in a $56.3 million settlement in a class action against Colonial First State, but has so far declined to appoint a contradictor.

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High Court deals blow to trust beneficiaries in victory for ATO
Appeals 2022-04-06 5:43 pm By Cindy Cameronne

The ATO has won a legal challenge over when it can claim tax from trust income, with the High Court finding beneficiaries cannot “retrospectively expunge” their entitlements to the proceeds of a trust despite the potential “unfairness” this creates.

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High Court awards Paralympian $6.75M for fall in campdrafting competition
Appeals 2022-04-06 5:21 pm By Sam Matthews

The High Court has ordered a sports association to pay $6.75 million to a woman who suffered a serious spinal injury after falling during a campdrafting competition in Ellerston, New South Wales, overturning an appeals court decision that cleared the association of negligence.

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Victorian gambling regulator takes disciplinary action against Crown Melbourne
Class Actions 2022-04-06 4:09 pm By Cindy Cameronne

The Victorian Gambling and Casino Control Commission has commenced disciplinary proceedings against Crown Melbourne after a royal commission found the casino operator enabled the illegal transfer of funds from China.

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Treasury Wine Estates’ ‘fishing’ claim against class action firms falls flat
Alistair Pound 2022-04-05 4:45 pm By Cindy Cameronne

Law firms accused of “fishing for a case” in a consolidated shareholder class action against Treasury Wine Estates have won access to key financial information in reports to the company’s board, with a registrar finding the material was relevant to the case.

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ASIC takes Macquarie to court after adviser’s $2.9M theft
ASIC 2022-04-05 1:57 pm By Cat Fredenburgh

The corporate regulator has filed court proceedings against Macquarie Bank alleging it failed to monitor third-party withdrawals, leading to a financial adviser’s theft of $2.9 million in customer funds.

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