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The co-founders of fintech company Slyp have been given a second chance to patent their digital receipts technology after IP Australia found that they “misunderstood” the advice of their previous patent lawyer.
ASIC wins appeal of ruling overturning life ban against financial adviser
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The Australian Securities and Investments Commission has won its challenge to a tribunal ruling that overturned a permanant ban imposed on a RI Advice Group authorised financial planner who double charged his clients.
Funders’ returns come under fire in class action inquiry
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The commission rates of litigation funders have come under attack on the first day of a parliamentary inquiry into class actions, with the CEO of funder Omni Bridgeway in the firing line over a $10.5 million cut of a recent $42 million settlement in a class action against milk supplier Murray Goulburn.
Herbert Smith Freehills data causes controversy at class action inquiry
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A hearing in the Federal Government’s latest inquiry into class actions kicked off Monday with attacks on the credibility of one of the heads of Liberal think tank the Menzies Research Centre, who was excoriated by a Labor senator for providing “unsubstantiated” data from Herbert Smith Freehills that group members receive on average 39 per cent of class action proceeds.
Citing COVID-19 and $1.5M in class action costs, cladding manufacturer goes into administration
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Cladding manufacturer Fairview Architectural has filed for voluntary administration, citing challenges posed by COVID-19 and $1.5 million spent so far defending a class action alleging it misrepresented the quality of its “highly flammable” cladding.
Victorian courts to review sexual harassment policies
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The Victoria state government has launched reviews into the sexual harassment policies of its courts and tribunals and the law firms that provide services to the government, following allegations of sexual harassment against former High Court justice Dyson Heydon.
Aristocrat overdid it with expert evidence in patent case, court says
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A judge has trimmed the costs the Commissioner of Patents owes Aristocrat Technologies after the gaming giant successfully appealed a ruling rejecting four of its gaming patents, saying Aristocrat had “over-egged the pudding” by submitting evidence from three experts on the patentability of its inventions.
Judge warns ‘real persuasion’ needed to expand GetSwift class action 2 months from trial
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A judge has warned counsel leading a shareholder class action against logistics provider GetSwift that “real persuasion” would be needed to convince him to allow the class to expand its case two months out from trial.
Judge slashes security request in $46M Quintis insurance dispute
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A judge has cut a request a security for costs in half in insurance rectification proceedings stemming from two class against sandalwood producer Quintis, saying the amount proposed by the funders bankrolling the case was “quite generous”.
With trial delayed a year, 7-Eleven class actions to pay another $3M in security for costs
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A judge has ordered two class actions brought against 7-Eleven on behalf of franchisees to pay $3 million in security for costs as trial in the cases gets pushed to August next year.