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Forum Finance boss headed back to Australia to face $263M fraud claims, court hears
The director of Forum Finance, which has been accused by Westpac and Societe Generale of a $263 million fraud, is in Europe and will return to Australia over the weekend, although he has refused to tell his lawyer his exact location, a court has heard.
Second COVID-19 insurance test case to be decided by end of year
A COVID-19 business interruption test case that was filed in the Federal Court following a landmark loss for insurers in test case before the NSW Court of Appeal, will be determined along with any appeals by the end of the year, a judge has said.
7-Eleven wins removal of Seven Network’s ‘7NOW’ trade mark
Convenience store chain 7-Eleven has succeeded in having Seven Network’s '7NOW' trade mark removed for non-use, with an IP Australia delegate finding links to services on the media company's website did not amount to use.
Halifax auditor pleads guilty to criminal charges over auditing breaches
The auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, has pleaded guilty to the first criminal charges brought over auditing services in Australia.
HWL Ebsworth avoids hit from $263M Forum Finance scandal
Law firm HWL Ebsworth says it has avoided any negative financial impact from its connection with Sydney financial firm Forum Finance, which has been accused by Westpac of a $263 million fraud.
‘Buttermite’ deceptively similar to Vegemite trade mark, IP Australia delegate says
Vegemite maker Bega Cheese has won a challenge to an inventor's bid to register 'Buttermite' as a trade mark for a breakfast spread.
‘Cynical and cranky’ tweeter not a journalist, judge rules in defamation case
A self-described “citizen journalist” who publishes “cynical and cranky” opinions about the Australian Stock Exchange on the Twitter account Stockswami cannot claim journalist privilege to protect his source, a judge has found.
Former Arrium directors point finger at KPMG in class action defence
Four executives of the failed Arrium have named auditor KPMG as a "concurrent wrongdoer" in defending a shareholder class action over a $754 million capital raising two years prior to the mining and steel giant's $2 billion collapse.
Insurer must cover breast implant doctor’s class action defence costs
A surgeon facing class action claims from breast implant patients of the defunct The Cosmetic Institute has won his legal battle against an insurer that denied coverage for his defence costs.
Facebook says ACCC’s data collection allegations ‘overstated’
Facebook has accused the Australian Competition and Consumer Commission of overstating the amount of data it collected on users through its discontinued Onavo Protect mobile app, and says the collection was allowed under its terms of service.