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Globex to face claims over Great Barrier Reef oil spill
Energy & Natural Resources 2018-10-02 11:07 pm By Cat Fredenburgh

The Australian Maritime Safety Authority has convinced a Federal Court judge that 90 tonnes of oil spilled near the Great Barrier Reef in 2015 came from a vessel operated by international shipping company Globex.

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‘I just don’t get it’: judge questions Sandoz cross claim in Lexapro patent case
Clayton Utz 2018-10-02 9:25 pm By Miklos Bolza

A Federal Court judge has expressed her disbelief at a cross claim by generic drug maker Sandoz against Danish multinational H Lundbeck, as the court begins to weigh arguments over damages owed to Lundbeck in the long-running patent case over its blockbuster anti-depressant Lexapro.

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ACCC to probe foreign exchange fees
Competition & Consumer Protection 2018-10-02 5:46 pm By Cat Fredenburgh

The ACCC has opened an inquiry into the inordinately high exchange fees consumers face when sending money outside Australia.

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Sirtex must alert class if cash dips below $80M, judge rules
Class Actions 2018-09-28 10:30 pm By Cat Fredenburgh

Shareholders in a class action against Sirtex have secured an order forcing the life sciences company to notify them of any plan that would see its $128 million in liquid assets drop below $80 million.

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EGR hit with $6M fine for exclusive dealing
Competition & Consumer Protection 2018-09-28 8:32 pm By Cat Fredenburgh

The Federal Court has imposed a $6.35 million fine against manufacturer EGR and its director for exclusive dealing, bringing the fines won by the ACCC over the cartel for the supply of polycarbonate to almost $12 million.

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Westpac class action funder agrees to net commission
Allens 2018-09-28 4:40 pm By Cat Fredenburgh

The funder underwriting a class action against Westpac will take a 25 percent cut of the net — not gross — recovery sum to secure a judge’s approval of a common fund order in the case. 

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Delay in publishing IP judgment creates ‘unsatisfactory state of affairs’, judge says
Intellectual Property 2018-09-27 11:14 pm By Cat Fredenburgh

A Melbourne computer retailer that plans to appeal a $2.8 million fine for allegedly violating Microsoft’s Windows 7 IP has won a stay of the court’s order, with a judge finding the court’s delay in publishing reasons for judgment created an “unsatisfactory state of affairs”.

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Judge shoots down Sirtex bid for class closure order
Class Actions 2018-09-27 10:03 pm By Cat Fredenburgh

A judge has rejected an application by biotech company Sirtex Medical to limit a class action to shareholders who register as group members in the next month, saying a class-closure order could dramatically cut down on the size of the class.

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Equifax to pay $3.5M for ‘disgraceful’ conduct
Allens 2018-09-27 8:48 pm By Miklos Bolza

A judge has signed off on a $3.5 million settlement in a case brought by the consumer watchdog against Equifax Australia, with the credit reporting company admitting it made misleading claims in selling paid credit packages to vulnerable consumers.

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NAB hit with class action over ‘worthless’ credit card insurance
Competition & Consumer Protection 2018-09-27 4:08 pm By Cat Fredenburgh

Slater and Gordon has filed the first class action over “worthless” credit card insurance, alleging  National Australia Bank violated consumer protection laws when it sold the insurance to customers who were not eligible to bring a claim under the plans’ terms and conditions.

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