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CBA’s $25M rate-rigging settlement gets court OK
Financial Services 2018-06-21 10:58 am By Christine Caulfield

The Federal Court has approved Commonwealth Bank’s $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.

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CBA’s $700M AUSTRAC settlement gets court OK
Financial Services 2018-06-20 5:56 pm By Miklos Bolza

A Federal Court judge has signed off on a $700 million settlement between AUSTRAC and Commonwealth Bank of Australia for violating anti-money laundering and counter-terrorism financing laws, saying the penalty showed the court’s “strong disapproval” of the bank’s actions.

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Trustee settles class action over LKM Capital collapse
Class Actions 2018-06-20 3:36 pm By Christine Caulfield

The trustee for collapsed investment group LKM Capital has reached a settlement in a class action brought on behalf of hundreds of investors who sunk $63 million into the failed firm.

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Rio Tinto wins ok for mining patent on appeal
Intellectual Property 2018-06-20 11:32 am By Cat Fredenburgh

Rio Tinto subsidiary Technological Resources has won its appeal of an IP Australia ruling that rejected its mining patent after a challenge by the Commonwealth Scientific Industrial Research Organisation.

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Domino’s can’t raise Uber patent in battle over GPS tracking
Intellectual Property 2018-06-19 10:09 pm By Miklos Bolza

A judge has served up a loss for Domino’s Pizza in its ongoing IP battle with Australian tech startup Precision Tracking, dismissing the company’s bid to bolster its case with an Uber patent. 

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ISPs ordered to block 28 piracy sites, in win for Foxtel
Intellectual Property 2018-06-19 6:00 pm By Miklos Bolza

The Federal Court on Tuesday ordered internet providers Telstra, Optus, Vocus and TPG to block 28 websites accused of facilitating the illegal download and streaming of movies and TV shows.

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CFMEU ‘bleeding dry’ two union whistleblowers, lawyer says
Employment 2018-06-19 1:35 pm By Miklos Bolza

A lawyer for two sacked CFMEU officials has accused Australia’s biggest union of “bleeding dry” his whistleblower clients after it vowed in court Tuesday to fight the consolidation of three cases against it.

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Canadian poppy coin invalidates own patent, Australia tells court
Intellectual Property 2018-06-18 10:58 pm By Miklos Bolza

The Australian Government has revealed its “knockout claim” in an international IP dispute, accusing the Royal Canadian Mint of invalidating its own patent for printed coins by distributing the coins prior to the patent being filed.

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Spat over ‘secret’ side deal in class action tossed on appeal
Class Actions 2018-06-18 10:13 pm By Miklos Bolza

A legal stoush over a “secret” side agreement between the lead applicant in a shareholder class action and a litigation funder has been shut down, with the Full Federal Court on Monday dismissing an appeal by the applicant.

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Apple to pay $9M in ACCC case over iPhone repairs
Competition & Consumer Protection 2018-06-18 9:40 pm By Christine Caulfield

Apple will pay $9 million to resolve a case by the ACCC alleging the US tech giant’s repair policies were in breach of the Australian Consumer Law, according to a court order Monday.

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