Andrew Watson News
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Australia & New Zealand Banking Group Ltd. customers can pursue claims to recoup more banking fees that they said were illegal, Australia’s top court ruled.
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National Australia Bank Ltd., whose shareholders are seeking A$450 million ($472 million) of damages over its exposure to U.S. subprime debt, lost a bid to have the identities of the group members disclosed.
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LaSalle Investment Management Inc., the property-fund unit of the world’s second-largest commercial real estate brokerage, raised about 560 million euros ($780 million) from investors to buy properties in Europe.
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Pfizer Inc., the world’s largest drugmaker, convinced a U.S. judge that its patents for the pain- drug Lyrica are valid and infringed, giving it exclusive sales rights until 2018.
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National Australia Bank Ltd. shareholders sued to recover about A$450 million ($442 million) they claim was lost as the bank’s stock declined because of its exposure to U.S. subprime debt in 2008.
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BP Plc accused a unit of Halliburton Co. of intentionally destroying evidence that could be used to prove the oilfield services firm shares blame for the blowout that caused the 2010 Gulf of Mexico oil spill.
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Commonwealth Bank of Australia and Westpac Banking Corp. were sued by customers seeking to recoup allegedly illegal fees, after a judge allowed part of a lawsuit against Australia & New Zealand Banking Group Ltd. to proceed.
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Istithmar World PJSC, a private- equity investor, will concentrate on refinancing its borrowings and raising new loans to fund growth of its holdings over the next 24 months as parent company Dubai World restructures debt.
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An ex-FrontPoint Partners LLC fund manager, Joseph F. “Chip” Skowron, who began serving a five- year sentence for insider trading in January, must pay Morgan Stanley $10.2 million, a judge ruled.
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Australia & New Zealand Banking Group Ltd. customers seeking to recoup fees they claim were illegal can proceed with part of the lawsuit after a judge ruled credit- card charges for late payments can be challenged in court.
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