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Charges in the criminal cartel case against ANZ, Citigroup and Deutsche Bank over a $2.5 billion ANZ institutional share placement have yet to be finalised, almost a year after the proceeding was filed.
Liquidators settle case over collapse of funder Centaur Litigation
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Liquidators of failed Centaur Litigation have reached a settlement in their lawsuit against the accountant of fraudster Scott Williams, who was accused of lying to hide his knowledge of a Ponzi scheme that misappropriated $32 million and led to the collapse of the funder.
Optus hit with $25k criminal fine over lax political donation disclosures
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Telecom giant Optus has been hit with a $25,000 criminal fine after pleading guilty to four charges of failing to disclose political donations in its development applications.
ANZ mulled repricing controversial $2.5B capital raising, ASIC claims
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ANZ Bank executives briefly considered relaunching and repricing a botched $2.5 billion equity capital raising at the heart of two groundbreaking enforcement actions, and the decision by the share placement’s underwriters to instead pick up a $790 million shortfall deprived investors of lower priced shares, a court has been told.
Commonwealth Bank faces whistleblower lawsuit by ex-general manager
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The Commonwealth Bank has been hit with a lawsuit by a former general manager who claims his retrenchment in 2013 violated the whistleblower protections under the Corporations Act.
Novel challenge to IP Australia’s building patent grant dropped
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A case simultaneously challenging IP Australia’s decisions to accept, grant and certify an innovation patent owned by one of Australia’s biggest building product companies has been withdrawn, a court has heard.
Judge calls for joint expert report in ASIC’s insurance churn case against AMP
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An argument over the admissibility of an expert report produced by the Australian Securities and Investments Commission in its insurance churn case against AMP was sidestepped Monday, with a judge proposing experts from both sides instead file a joint report in the case.
Corner Hotel takes aim at Birdland partner jazz club with trade mark lawsuit
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Melbourne-based pub and music venue The Corner Hotel has filed a trade mark lawsuit against a jazz club formed in partnership with iconic New York club Birdland, as it continues to do battle with McDonald’s for allegedly infringing its “Corner” trade marks.
Court slashes record $2.5M fine against CFMMEU over two-day strike
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An appeals court has reimposed penalties against the Construction, Forestry, Maritime, Mining and Energy Union, its NSW branch and nine officials for unlawful industrial action at Barangaroo, but dropped the total fine from $2.5 million to $1.7 million.
ITC opens investigation into patent infringement by solar giants
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The US International Trade Commission has opened an investigation into alleged patent infringement by solar companies JinkoSolar, LONGi Solar and REC Group, after Korean solar company Hanwha Q CELLS filed two related proceedings in Australian court alleging the companies are infringing its solar technology.