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Facing Deloitte cross-claims, Dick Smith execs drag other directors into class action
Class Actions 2019-10-03 10:22 pm By Cat Fredenburgh

Former Dick Smith executives Nick Abboud and Michael Potts have pointed the finger at the defunct electronics retailer’s other directors in response to cross claims by auditor Deloitte, which is named in two shareholder class actions over the company’s collapse.

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Interpharma won’t challenge Precedex patent validity ruling
Intellectual Property 2019-10-03 8:54 pm By Cat Fredenburgh

Australian drug maker InterPharma will not appeal a ruling that dismissed its challenge to the validity of global pharmaceutical giant Pfizer’s patent for sedative drug Precedex.

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ASIC can use PwC partner’s evidence in case against Rio Tinto
ASIC 2019-10-03 8:20 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has won its bid to use evidence from US proceedings in its case against Rio Tinto alleging the mining giant misled shareholders about a Mozambique mining company purchased for US$4.2 billion.

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BASF presses the brakes on Lubrizol fuel additive patent suit
Intellectual Property 2019-10-01 3:46 pm By Cat Fredenburgh

Chemical giant BASF has dropped a lawsuit against Lubrizol Corporation challenging proposed amendments to a fuel additive patent.

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Lloyd’s loses bid for quick dismissal of NAB’s $655M insurance lawsuit
Insurance 2019-09-23 8:46 pm By Cat Fredenburgh

Three syndicates of Lloyd’s London have failed in their bid to toss a case brought by National Australia Bank seeking £357 million ($655 million) in insurance claims relating to two consumer redress schemes in the UK.

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Bendigo and Adelaide Bank loses 20-year-old trade mark for ‘Community Bank’
Intellectual Property 2019-09-20 10:21 pm By Cat Fredenburgh

A judge has overturned a win for Bendigo and Adelaide Bank in a trade mark battle with NSW-based Community First Credit Union, finding the credit union had successfully argued to revoke the bank’s 20-year-old trade mark for ‘Community Bank’.

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ACCC wins record $26.5M penalty against Empower Institute
Competition & Consumer Protection 2019-09-20 1:34 pm By Cat Fredenburgh

The ACCC has won a record $26.5 million penalty against defunct vocational trainer Empower Institute for “duping” disadvantaged customers into enrolling in courses they couldn’t afford with the promise of free laptops and cash.

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Silverchair frontman sues Sunday Telegraph for defamation over brothel story
Defamation 2019-09-19 10:46 pm By Cat Fredenburgh

Silverchair frontman Daniel Johns has filed defamation proceedings against the Sunday Telegraph over an article that stated a brothel specialising in bondage had become a “second home” for the rocker.

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After questioning funder’s cut, judge quietly approves KPMG class action settlement scheme
Class Actions 2019-09-19 9:36 pm By Cat Fredenburgh

A judge has quietly given his seal of approval to a settlement distribution scheme in a class action against KPMG, after raising questions about Piper Alderman’s legal bill and the litigation funder’s “arguably excessive” cut of the confidential settlement.

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ACCC to bring misuse of market power case by end of year
Competition & Consumer Protection 2019-09-18 4:51 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission currently has twelve misuse of market power investigations underway, one of which will likely make it to the courthouse before the year is up.

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