Vannin backing claim against Australian pharmaceutical company

Vannin Capital is backing a class action filed by Phi Finney McDonald against Australian pharmaceutical company Mayne Pharma Group. The proceeding was filed on behalf of current and former shareholders and alleges that Mayne breached its continuous disclosure obligations by, among other things, failing to inform investors about an alleged price-fixing and market-share arrangement in the US. Vannin will take, subject to court approval, a 25% funding commission from a successful outcome. Read more.

Keep Reading

In the News

Competition Appeal Tribunal rejects Apple’s attempt to weaken collective lawsuit

In a significant development for millions who use Apple’s UK App Store, the Competition Appeal Tribunal has refused Apple’s attempt to limit the consumer claim led by Dr Rachael Kent, which alleges abuses of competition law that result in systematic overcharging for apps and in-app purchases by Apple. Dr Kent’s legal claim will now proceed in full to trial, putting added pressure on Apple amid mounting efforts around the world to hold it to account for alleged anticompetitive practices. Dr Kent is being represented by Hausfeld, with barristers from Monckton Chambers, Brick Court Chambers and 4 New Square. Vannin Capital is funding the claim.

New Fundings

Vannin backs Australian class actions over app store commissions

Vannin Capital is backing two new class actions commenced in the Federal Court of Australia against Apple and Google. The claims, filed by Phi Finney McDonald on behalf of the lead applicants, allege that the tech giants engaged in anti-competitive conduct in relation to the operation of their app stores. By routinely charging a 30% commission to app developers and limiting their ability to distribute apps outside of the app stores, it is alleged that Apple and Google limited competition in the market which resulted in higher prices for consumers.

In the News

Data breaches: Two major representative actions discontinued in wake of Google ruling

Two major representative actions over alleged data breaches have been discontinued in the wake of last year’s Supreme Court ruling in Lloyd v Google. The YouTube data breach claim that sought damages of up to £2.5bn, was one of the cases discontinued, and was advised by Hausfeld and backed by funder Vannin Capital. The other case discontinued was one brought by Mishcon de Reya on behalf of approximately 1.6 million people whose confidential medical records were obtained by Google and DeepMind Technologies in breach of data protection laws.

Before You Go

Never miss a thing in the litigation finance market.