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Court appoints contradictor in class action funder’s challenge to MIS rules
The Full Federal Court has appointed a contradictor to "take up the cudgels" against funder Litigation Capital Management, which has challenged a judgment refusing to find that a class action filed against Queensland electricity operators was not a managed investment scheme.
Virgin scores High Court win in spat with Wells Fargo over leased engines
US bank Wells Fargo and Florida-based aviation leasing company Willis Lease Finance will have to pay $500,000 for the relocation of leased aircraft engines to Virgin after losing a High Court bid to have the airline foot the bill.
High Court to weigh in on patentability of computer-implemented inventions
The High Court has decided to weigh in on whether computer-implemented inventions are eligible for patent protection, granting special leave to Aristocrat Technologies to challenge a judgment that shot down four patents for its popular Lightning Link electronic poker machine.
High Court to hear BHP challenge to foreign investors in class action
BHP Group has been granted special leave from the High Court to appeal a ruling that rejected its bid to exclude foreign investors from a shareholder class action over the 2015 Fundao dam disaster.
Court asked to find Retail Food Group class action exempt from MIS rules
A class action against franchise giant Retail Food Group wants to head off any challenge to its funding agreement with a court order that the financing arrangement is exempt from controversial regulations requiring group proceedings to be run as managed investment schemes.
Apple denies app store monopoly, says blocking Fortnite didn’t harm Epic Games’ business
Apple has rejected claims that it misused its market power by pulling Epic Games' popular Fortnite game from its App Store and says the move did not affect the game developer's business because most of its revenue comes from other platforms.
Slater & Gordon’s former boss admits to ‘catastrophic error’
Former Slater & Gordon managing director Andrew Grech has told the Federal Court he regretted his "catastrophic error" in approving the $1.2 billion acquisition of Quindell's professional services division, which resulted in massive losses for the plaintiffs law firm.
Arnold Bloch Leibler to pay $28M in class action settlement
Law firm Arnold Bloch Leibler will part with $28 million in its settlement with Slater & Gordon shareholders over advice ahead of the plaintiffs firm's disastrous $1.2 billion Quindell acquisition.
Full Court shoots down Aristocrat’s patents for popular poker machine
IP Australia has won its appeal of a judge’s decision to allow four Aristocrat patents for its popular Lightning Link electronic poker machine to proceed to grant, with the Full Court finding the invention merely implemented an abstract idea on a computer and was not patentable.
EY was ‘uncooperative’ during Slater & Gordon audit, court hears
A former partner at accounting firm Pitcher Partners has told a court that he had issues working with Ernst & Young on an audit of law firm Slater & Gordon, calling the Big 4 firm "uncooperative".