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Boutique IP firm Pizzeys Patent and Trade Mark Attorneys has won its bid for preliminary discovery to pursue possible claims against two patent attorneys who left the firm to start their own competing business.
Queensland won’t appeal loss in floods class action
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The State of Queensland will not appeal a ruling that found it, as well as the operators of two Queensland dams, were negligent in the 2011 floods in the Southeast region of the state that left over 2,000 homes destroyed.
Asahi’s $16B takeover of CUB gets frosty reception by ACCC
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The Australian Competition and Consumer Commission has raised concerns about Asahi’s proposed $16 billion acquisition of Carlton & United Breweries, saying the deal would likely reduce competition in the cider market and could also impact on the beer market.
ACCC to get $26.9M boost to crack down on Google, Facebook
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The Australian Competition and Consumer Commission will get an additional $26.9 million to take on Google and Facebook, but the Federal Government will proceed more slowly in implementing some of the more wide-ranging proposals in the regulator’s final digital platforms report, including suggested changes to privacy and merger review laws.
‘I’m getting awful close to ending my life’: Magistrate despairs as ANZ cartel hearing blows out
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A committal hearing in the ANZ cartel case may run a further nine days next year due to ongoing arguments about subpoenas and privilege, which have derailed five planned days of cross-examination of key witnesses and led a Local Court Magistrate to proclaim she was “awful close” to ending her life.
Merger of textbook giants Cengage, McGraw-Hill has ACCC worried
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The competititon regulator has flagged concerns about the proposed merger of educational publishing giants Cengage and McGraw-Hill, saying it could substantially lessen competition and drive up textbook prices.
Orinoco Gold investor wins bid to inspect books after share value tanks
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A shareholder of struggling gold company Orinoco Gold has been granted limited access to the company’s books after the firm was placed into administration on the back of an abysmal year on the ASX which saw it share value plummet by more than 97 per cent.
Judge won’t stop 7-Eleven from seeking class action releases from franchisees
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A judge has shot down a bid by class action applicants to block 7-Eleven from seeking litigation releases from franchisees on contract renewal, saying there was no evidence the convenience store giant had acted unlawfully.
Lehman liquidator files $40M lawsuit against Fitch following class action discovery
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The Australian liquidator of Lehman Brothers has filed a lawsuit seeking $40 million from Fitch Ratings for assigning too-rosy ratings to toxic financial products sold by the bank, following the discovery of a hidden table in Fitch’s rating model by the lawyers leading a now-settled class action against the accounting firm.
VW class action judge frowns on bid for common fund order
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The judge overseeing the settlement approval process in multiple class actions against Volkswagen over the diesel emissions scandal has criticised an application for a common fund order by the funder backing two Bannister Law-led lawsuits.