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Nuix says ex-CEO’s claim off by $140M, but Macquarie director must front court to explain
A former Nuix director appointed by Macquarie Bank must give evidence in person as the embattled tech company argues a claim brought by its former CEO is off by $140 million.
Claims against Macquarie Leasing dropped in ANZ flex commissions class action
Macquarie Leasing has been let off the hook in a class action alleging that a flex commissions scheme by ANZ’s former car finance business encouraged dealers to set car loan rates far in excess of base rates in exchange for large kickbacks.
‘High prices, worse service’: Optus CEO lashes proposed TPG-Telstra deal
The CEO of Optus has come out swinging against a proposed 10-year agreement between TPG and Telstra to share mobile network infrastructure and spectrum in parts of regional Australia, warning it would harm consumers.
MIS regime ‘just cannot work’ for class action funding arrangements, court told
A litigation funder challenging a decision underpinning recently enacted rules that require class actions to be registered as managed investment schemes told an appeals court Wednesday the decision was plainly wrong and the regime unworkable.
High Court to hear Botox trade mark appeal
The High Court has granted special leave to a cosmetic company to challenge a judgment finding it infringed Botox maker Allergan's trade marks by marketing its topical creams as Botox alternatives.
Law firms team up to join two Nuix class actions, want third case shut down
Two law firms are joining forces in the hopes of winning a contest of competing securities class actions against technology company Nuix over its $1.8 billion IPO.
Toyota must pay $18,000 in damages to applicant in defective filter class action
A judge has awarded a Queensland motor vehicle assessor $18,400 in damages in a class action against Toyota over allegedly defective diesel filters in its cars that could see the automotive giant owe close to $2 billion to 260,000 car owners.
Apple faces battle to protect Touch ID source code in patent stoush
Apple is “unlikely” to avoid production of the source code for its Touch ID and Face ID technology to an Australian non-practicing entity that has sued the Silicon Valley company for patent infringement, a judge has said.
No penalty for IOOF unit RI Advice in ASIC’s novel cybersecurity case
IOOF financial advice unit RI Advice has escaped a penalty in a test case alleging cybersecurity failures, but the firm must engage an IT security company and pay the corporate regulator's legal costs.
Macquarie flex commission class action says loans were part of ‘staged sales process’
The plaintiffs in a class action over alleged unfair flex commission arrangements have hit back at Macquarie Leasing’s claims that out-of-pocket customers should have negotiated better deals with car dealers, arguing car loans were taken out as part of a “staged sales process” that limited negotiation.