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Seven Network sues 7-Eleven in escalating trade mark feud
Intellectual Property 2021-10-15 3:37 pm By Bianca Hrovat

Seven Network is seeking to remove several trade marks and logos registered to 7-Eleven, in a lawsuit filed just three months after the convenience store won its bid to have the broadcaster’s ‘7NOW’ mark removed.

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ASIC launches action against Insurance Australia over $60M in promised discounts
Insurance 2021-10-15 12:07 pm By Bianca Hrovat

The Australian Securities and Investments Commission has accused the largest general insurer in Australia of short-changing its customers a staggering $60 million in promised discounts, according to action launched in the Federal Court on Friday.

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Trial in Ben Roberts-Smith’s defamation case delayed to 2022
Defamation 2021-10-15 9:28 pm By Cindy Cameronne

A judge has adjourned trial in the defamation case by accused war criminal Ben Roberts-Smith to early 2022, saying relocation was not practical after COVID-19 restrictions prevented Fairfax’s witnesses travelling to Sydney.

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Google says its bid to stay Epic Games lawsuit not the same as Apple’s
Competition & Consumer Protection 2021-10-13 8:35 pm By Miklos Bolza

Google has urged a court to stay a competition lawsuit brought by Epic Games, saying new evidence showed the Fortnite game maker would not be disadvantaged if the case was heard in California, as the Full Court found it would in a similar challenge by Apple.

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CBA’s Colonial agrees to $20M penalty for misleading MySuper statements
Financial Services 2021-10-12 5:43 pm By Bianca Hrovat

The Commonwealth Bank’s wealth management unit has agreed to cough up $20 million in penalties for misleading thousands of fund members during the transition to MySuper accounts, but steadfastly maintains its conduct was not part of a “nefarious” plot for profits.

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ACCC officers face pre-trial grilling in ANZ cartel case as judge questions need for committal
Competition & Consumer Protection 2021-10-12 11:24 pm By Christine Caulfield

Five enforcement officers of the Australian Competition and Consumer Commission will be cross-examined by lawyers for banks facing price fixing charges over their conduct following ANZ’s $2.5 billion capital raising six years ago.

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NAB faces re-trial in adverse action case by worker who committed data breach
Employment 2021-10-12 4:05 pm By Miklos Bolza

A former financial planner found to have engaged in a data breach at National Australia Bank will have her adverse action lawsuit against the bank partially reheard after an appeals court found the judge who tossed the case failed to properly consider why she was fired.

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Judge warns AMP it could face 1.2M lawsuits if declassing bid succeeds
Class Actions 2021-10-11 10:07 pm By Cindy Cameronne

AMP and a number of its financial planning subsidiaries could face 1.2 million individual claims if they win a bid to declass a group proceeding over allegedly excessive insurance premiums, a judge has said.

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Lawyers in Crown Resorts class action fully vaxxed and ready for in-person trial
Class Actions 2021-10-11 10:36 pm By Miklos Bolza

A six-week trial in a shareholder class action against Crown Resorts set to begin at the end of October will start off virtually and shift to an in-person hearing once COVID-19 restrictions are eased in Victoria.

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ANZ wins access to JPMorgan settlement chats in cartel case
Competition & Consumer Protection 2021-10-11 2:49 pm By Miklos Bolza

A judge overseeing a cartel case over a $2.5 billion ANZ share placement has granted ANZ’s bid for unredacted documents which the bank says will support its claims that the case should be permanently stayed because of improper dealings between whistleblower JPMorgan, ASIC and the ACCC.

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