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AGL dodges green shareholder’s challenge to demerger scheme booklet
Energy & Natural Resources 2022-05-06 5:48 pm By Sam Matthews

AGL Energy has defeated a green investor’s challenge to its demerger scheme booklet ahead of a vote on the controversial proposal, but has been ordered to rectify a video to disclose the climate-related risks of the plan.

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Seeing red: Priceline can’t trade mark signature pink
Intellectual Property 2022-05-06 11:03 pm By Cat Fredenburgh

Discount pharmacy Priceline cannot trade mark the signature bright pink that adorns it shopfront signs and awnings, an IP Australia delegate has found.

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Apple faces battle to protect Touch ID source code in patent stoush
Intellectual Property 2022-05-06 2:16 pm By Cindy Cameronne

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.

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GST class action likely to be dropped after funder bows out
Class Actions 2022-05-05 4:26 pm By Cindy Cameronne

The future of a class action against a Canberra property developer accused of misleading investors about GST on their apartments is in doubt after the litigation funder withdrew support for the “uneconomic” case.

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‘Not good enough’: Judge urges HWL Ebsworth to rethink defence in partner spat
Business of Law 2022-05-05 2:44 pm By Christine Caulfield

HWL Ebsworth has been taken to task for its spare defence in a $4.4 million lawsuit by a former capital partner, with a judge saying the court was entitled to know how the law firm relied on the partnership deed to deny the solicitor’s right to an equitable share of firm profits.

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‘Just a fishing expedition’: Quintis class action can’t see EY meeting docs
Class Actions 2022-05-05 4:45 pm By Cindy Cameronne

Shareholders bringing a class action against Quintis have lost their bid for Ernst & Young to hand over documents from two meetings with a director of the sandalwood supplier, after a judge found they did not get “within a bull’s roar” of showing the accounting firm’s discovery was inadequate.

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No penalty for IOOF unit RI Advice in ASIC’s novel cybersecurity case
Privacy & Cybersecurity 2022-05-05 12:24 pm By Christine Caulfield

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.

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ASX wants $3M security for costs from iSignthis after Cyprus move
Financial Services 2022-05-05 4:56 pm By Sam Matthews

The Australian Stock Exchange is seeking $3.25 million in security for costs as it defends a $464 million lawsuit brought by fintech firm iSignthis, a move spurred on by the 2021 demerger of iSignthis and ISX Financial EU.

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HFW bolsters disputes team with former Corrs Chambers Westgarth partner
Business of Law 2022-05-05 10:30 pm By Christine Caulfield

International law firm HFW has bolstered the ranks of its disputes practice in Australia, recruiting a leading commercial litigation and international arbitration partner from Corrs Chambers Westgarth.

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Max Twigg can’t escape ruling he made off with family fortune
Appeals 2022-05-04 9:13 pm By Sam Matthews

Max Twigg, race car driver and former owner of the famous Byron Bay Hotel, has lost an appeal of a judge’s finding that he misappropriated around $100 million in family trust money and took steps to conceal the transfer of funds from his mother.

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