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Crown to face first ever oppressive conduct claims in shareholder class action
Article 2021-03-04 9:16 pm By Spencer Fowler Steen Melbourne

Crown Resorts is facing the first ever oppressive conduct claims in a shareholder class action which alleges the casino giant had lax anti-money laundering compliance systems in place over a six-year period, a judge has heard.

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Fuji Xerox loses bid to throw out ACCC’s case over small biz contracts
Competition & Consumer Protection 2021-03-04 7:18 pm By Cindy Cameronne Sydney

A judge has refused to summarily dismiss proceedings brought by the ACCC against office supply company Fuji Xerox over allegedly unfair contracts with small businesses.

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Herbert Smith Freehills says Arrium lenders ‘a million miles away’ from properly run case
Amy Munro 2021-03-04 6:54 pm By Miklos Bolza Sydney

Law firm Herbert Smith Freehills has attacked a lawsuit brought by a group of lenders against collapsed steel giant Arrium, rejecting claims that $430 million in loans was borrowed under misleading or deceptive representations.

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iSignthis says disclosing end of Visa relationship would not have affected share price
Ashurst 2021-03-04 4:07 pm By Spencer Fowler Steen Melbourne

Fintech company iSignthis has struck back at allegations by the Australian Securities and Investments Commission that it breached its continuous disclosure obligations by failing to inform shareholders that Visa was ending its relationship, saying the disclosure would not have affected its share price.

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Judge knocks prominence of cross-claims in notice to Tandem class action members
Catherine Button 2021-03-04 4:01 pm By Christine Caulfield Melbourne

An opt out notice proposed to be given to group members in an underpayment class action against a unit of labour hire firm Tandem has been criticised by a judge as skewed to details of their exposure to cross-claims by the company.

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Full Court to hear another appeal over computer-implemented invention
Appeals 2021-03-04 2:58 pm By Cat Fredenburgh Melbourne

The Full Federal Court has been asked to consider an appeal of a judge’s ruling backing the position of the Commissioner of Patents that two patents for a computer-implemented invention did not describe a manner of manufacture and should be revoked.

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Viagogo wins stay of $7M penalty after evidence of COVID-19’s ‘catastrophic’ impact
ACCC 2021-03-04 2:44 pm By Cindy Cameronne Sydney

Crying poor during COVID-19, Viagogo has won a temporary stay of a $7 million penalty imposed by a court that found the ticket reseller misled customers on an “industrial scale”.

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Applicant, funder must foot the bill for slew of cross-claims in dropped Pitcher Partners class action
Andrew Roe 2021-03-04 12:34 pm By Cat Fredenburgh Melbourne

A judge has found the lead applicant and funder in a discontinued class action against Pitcher Partners over its auditing of Slater & Gordon must pay the bill for the flurry of cross-claims brought in the proceeding, but has rejecting the accounting firm’s argument that its costs should be paid on an indemnity basis.

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Andrews government to seek quick end to COVID-19 class actions
Adam Hochroth 2021-03-04 11:32 am By Christine Caulfield Melbourne

The Victorian government will argue for summary dismissal of two class actions filed over the bungled COVID-19 hotel quarantine program said to be responsible for the state’s second pandemic wave last year.

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Law firms await beauty tips as High Court set to rule on competing class actions
Adam Hochroth 2021-03-03 10:43 pm By Christine Caulfield Melbourne

The High Court has set a date for handing down its keenly anticipated judgment in a case that challenged the winner of a beauty contest of class actions against AMP, a decision expected to offer guidance on how courts should tackle the so-called multiplicity problem.

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