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Insurer Vero dragged into class action over combustible cladding
Charles Colquhoun 2023-07-20 11:13 pm By Gareth Baker Sydney

A judge has ruled insurer Vero can be added to a class action over allegedly combustible cladding, finding removal of the cladding could be considered “property damage” under the wording of an insurance contract with cladding manufacturer Fairview.

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Judge mulls order to block rival IG Markets class action from filing in Victoria
Banton Group 2023-07-20 10:20 pm By Sam Matthews Melbourne

A Federal Court judge overseeing a class action against IG Markets over risky financial products has questioned whether courts should take a “more robust” approach to avoid the “nonsense” of competing class actions, amid the threat of a second class action being filed in the Supreme Court of Victoria.

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Federal Court rejects ToolGen’s genome editing patent
Ashurst 2023-07-20 9:49 pm By Cindy Cameronne Sydney

A judge has upheld findings from IP Australia that South Korean biotech ToolGen’s genome editing technology CRISPR is not patentable, but given the company one more chance to seek to amend its application.

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NAB event planner Helen Rosamond sentenced to 15 years for $19M fraud
Financial Services 2023-07-20 4:35 pm By Christine Caulfield

Former director of event management company the Human Group, Helen Rosamond, has been sentenced to a 15-year aggregate term of imprisonment for defrauding NAB of $19 million, and will have to serve eight years of the sentence behind bars.

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PwC partner wins court order barring forced departure amid leaks crisis
Accounting 2023-07-20 3:42 pm By Cindy Cameronne Sydney

A PricewaterhouseCoopers partner who is suing the accounting firm for giving him the boot over a tax leaks scandal has won an interim injunction restraining the board of partners from forcing him to leave before his case is heard.

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ACL’s $1.5B tie-up with Healius rings alarm bells for ACCC
ACCC 2023-07-20 3:07 pm By Gareth Baker Sydney

The proposed $1.5 billion merger of Australian Clinical Labs and Healius — two of Australia’s largest pathology services providers — is likely to substantially lessen competition, the ACCC has warned.

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Norton Rose snags class action ace from US, elevates arbitration expert
Arbitration 2023-07-20 2:28 pm By Cindy Cameronne Sydney

Norton Rose Fulbright has snagged a class action lawyer with decades of US legal experience and elevated an arbitration expert who worked at a New York white shoe law firm to be partners in its Sydney and Perth offices. 

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ACCC flags concerns with Coles acquisition of Saputo dairy plants
ACCC 2023-07-20 12:30 pm By Gareth Baker Sydney

The ACCC has raised concerns about Coles plans to acquire milk processing plants from Saputo, with the regulator saying the transaction — marking the first time a supermarket chain has ventured into the processing market — would be a “major structural change”.

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Doctors class action won’t take precedence over union-backed cases
Catherine Gleeson 2023-07-19 11:41 pm By Cindy Cameronne Sydney

A union representing 54 junior doctors alleging they were systemically underpaid has defeated a bid by NSW Health to stay its case until the determination of a related class action on behalf of tens of thousands of medical officers. 

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Court not obliged to comply with policies NSW ‘dreams up’, class action judge says
Alexander Edwards 2023-07-19 10:58 pm By Cindy Cameronne Sydney

A judge has warned the NSW government that the court does not make orders “subject to [its] internal policies” after the state failed to comply with orders to hand over documents in a class action over police strip searches.

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