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ObjectiVision panned for not monetising University of Sydney patent
Intellectual Property 2018-04-19 7:24 pm By Miklos Bolza

A lawyer for the University of Sydney has attacked ObjectiVision for failing to produce any commercial benefits from the glaucoma detection method at the centre of a patent infringement dispute, despite holding exclusive rights to the technology for 11 years.

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IP Australia rejects SNF challenge to BASF mining patent
Intellectual Property 2018-04-19 1:51 pm By Cat Fredenburgh

The Australian Patent Office has shot down a challenge by SNF to a BASF application for a mining patent.

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Judge cuts Squire Patton Boggs, Piper Alderman fees in $19M Arasor deal
Securities 2018-04-18 11:37 pm By Cat Fredenburgh

A judge has signed off on a $19.25 million settlement in a shareholder class action brought against directors of defunct laser technology company Arasor International Ltd and partners in auditing firm Grant Thornton South Australia, but cut the legal fees of Squire Patton Boggs and Piper Alderman by $250,000.

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Judge OKs class settlement with Wickham Securities’ trustee
Securities 2018-04-18 10:58 pm By Cat Fredenburgh

A judge has signed off on a multi-million dollar settlement in a class action by retirees who claim they lost $27 million with the collapse of property lender Wickham Securities

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Apotex expert comes under fire at Lexapro patent infringement trial
Intellectual Property 2018-04-18 9:56 pm By Miklos Bolza

Expert witnesses were pitted against each other Wednesday at a trial alleging generic makers infringed a patent covering the anti-depressant Lexapro, and Apotex’ consultant took the brunt of it.

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ASIC confirms AMP probe, as Morrison warns of jail time
Financial Services 2018-04-18 6:29 pm By Christine Caulfield

The corporate regulator has confirmed it is investigating AMP over its ‘fees for no service’ practice revealed at the Hayne Royal Commission in stunning testimony Treasurer Scott Morrison on Wednesday called “deeply disturbing”.

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RMIT whistleblower wins subpoena request
Employment 2018-04-17 10:23 pm By Cat Fredenburgh

A former RMIT worker suing the university for allegedly firing him after he blew the whistle on a colleague for selling exam answers to students has won a bid to subpoena documents from the Victorian Ombudsman. 

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S&P analysts take stand in class action trial
Class Actions 2018-04-17 8:07 pm By Miklos Bolza

Two high ranking analysts from S&P Global have distanced themselves from the decision making process at the heart of a class action over toxic financial products given healthy ratings by the agency ahead of the global financial crisis.

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Independence of Clayton Utz report questioned at Royal Commission
Clayton Utz 2018-04-17 11:11 am By Christine Caulfield

The independence of a report by law firm Clayton Utz to ASIC over AMP’s practice of charging customers for services not performed was called into question Tuesday at the Hayne Royal Commission.

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Judge won’t block ex-SAI Global exec from going to rival company
Employment 2018-04-16 11:25 pm By Cat Fredenburgh

A judge has rejected a bid by information services company SAI Global Property to temporarily ban a former sales manager from working for a direct competitor, saying the executive could not have realistically remembered SAI’s list of thousands of clients.

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