The Federal Court has approved a scheme of arrangement which will see investors take a 70 per cent stake in troubled fund manager Angas Securities, receiving a possible $52.2 million in shares and other assets.
The Australian Competition and Consumer Commission has apologised for botching the announcement of its plan to block the $15 billion merger of TPG and Vodafone, blaming a computer glitch for the error.
A self-represented former client of personal injury firm Arnold Thomas & Becker has successfully blocked an application for summary judgment in a dispute that alleges the firm advised him to accept settlement of his workplace sexual assault case so they could receive their costs.
A Chicago jury has ordered an Australian maker of ugg boots to pay US-based footwear company Deckers Outdoor US$450,000 ($643,000) in damages for infringing the company’s trade mark.
Mining giant BHP has been hit with the biggest class action in UK history on behalf of over 235,000 Brazilians claiming more than AUS$7 billion in damages resulting from the disastrous Fundao dam collapse in 2015.
After losing its fight for a temporary injunction, Sanofi-Aventis has dropped its patent lawsuit against Alphapharm over the generic drug maker’s plans to market a competing insulin injector pen in Australia.
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A judge has refused an application by generic drug maker Juno Pharmacueticals to withdraw an admission in a battle with Millennium Pharmaceuticals over its cheap version of breakthrough cancer drug Velcade, denying Juno a potential defence to allegations of patent infringement.
Former Aussie Home Loans boss Stephen Porges has lost an appeal of a judgment ordering him to pay more than $1 million to a private equity firm that was found to have been duped into buying his worthless shares in a beleaguered startup.
International law firm Baker McKenzie has confimed the death of its global chair, Paul Rawlinson, who had been on extended leave, citing exhaustion.