Qantas has settled a lawsuit by a passenger who claims he suffered back and neck injuries after sitting in a faulty seat on a long-haul flight from Sydney to Los Angeles.
A judge on Wednesday refused a bid by Australian mortgage aggregator Connective Group to put on hold a derivative lawsuit by a shareholder against the company’s bigwigs over the sale of 25 percent of the business to Macquarie Bank, saying there were no special circumstances justifying a stay.
A long-awaited congressional report has called for an overhaul of medical device regulation in Australia, in the wake of a system-wide failure to protect women who suffered “devastating” consequences after being implanted with faulty vaginal mesh products.
Companies that manipulate financial benchmarks will face specific civil and criminal penalties under changes to the law made by the government today, in the wake of $100 million in settlements by two of Australia’s largest banks last year over claims they manipulated the bank bill swap reference rate.
Australian biotech company Holista Colltech has resolved litigation over ASX announcements that said it was collaborating with a Nobel Prize nominee to file a patent for the world’s first low-GI sugar.
CSIRO has won a challenge to an application for a mining patent filed by mining giant Rio Tinto, with an IP Australia delegate finding no patentable subject matter could be claimed.
Private follow-on actions for consumer law violations will be easier to bring under a new bill introduced in the House on Wednesday, a potential boon to class action lawyers in Australia.
Reckitt Benckiser Australia has lost a bid for an interim ban on a commercial by rival Procter & Gamble that claims Fairy Platinum dishwashing detergent is better than RBA’s Finish Quantum detergent, with a judge ruling the scientific evidence backs up the claim.
Corrs Chambers Westgarth has filed a shareholder class action against GetSwift alleging it provided inadequate disclosures and misled investors with its overhyped announcements about business contracts, one month after Squire Patton Boggs brought a similar suit.
The Royal Bank of Scotland has agreed to pay $12.58 million to settle a consumer class action brought on behalf of purchasers of its financial products.