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Two Macquarie Private Wealth advisers have won their appeal of an order by the Australian Securities and Investments Commission that banned them for 10 years for falsifying emails and misclassifying client advice.
AFT not ready to take its medicine for ‘misleading’ Maxigesic ads
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AFT Pharmaceuticals has launched a partial challenge to a court ruling that its Maxigesic ads made a number of misleading claims, including that the drug provides stronger and more effective relief than Reckitt Benckiser’s Nuromol.
Clive Palmer hit with copyright suit by Universal Music over Twisted Sister song
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Clive Palmer is facing the music after riffing off Twisted Sister’s 1980s anthem ‘We’re Not Gonna Take It’ in his election campaign ads, with Universal Music lodging a copyright infringement case against the aspiring MP.
WorkPac hit with class action by casual workers
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Labour hire company WorkPac has been hit with a class action on behalf of hundreds of casual miners who claim they were denied annual leave and other entitlements.
Sanofi slams judge’s harm assessment in denying injector pen injunction
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A judge that rejected a bid by Sanofi-Aventis for an injunction blocking rival Alphapharm from listing an insulin injector pen on the PBS erred in his consideration of the harm it would face, the drug giant has told the Full Federal Court.
ASIC targets AMP execs in fees for no service probe, court told
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AMP executives are the focus of the Australian Securities and Investments Commission’s investigation of the wealth management firm’s fees for no service scandal, a court heard Friday.
Acciona mulls settlement with NSW Government in light rail dispute
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Acciona Infrastructure and Transport for NSW are currently in settlement talks over a $1.2 billion dispute around the NSW government’s ongoing light rail project in Sydney.
AMP contractor pleads guilty to stealing customer data
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A contractor for wealth manager AMP who was arrested while trying to flee the country has pleaded guilty to stealing customer data.
Wyeth defends validity of patents in trial over best-selling Prevnar 13 vaccine
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Pharmaceutical giant Wyeth has shot down arguments by rival Merck Sharp & Dohme that its Prevnar 13 vaccine lacked inventiveness, saying during the closing submissions of a high-stakes patent trial that up until it developed the top-selling shot scientists thought there was a “ceiling” of 11 types of pneumococcal bacteria that could be included in a single vaccine.
Court overturns $2.8M Microsoft IP judgment against computer retailer
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A Melbourne computer retailer has won its appeal of a $2.8 million damages award for allegedly violating Microsoft’s Windows 7 IP, with a judge overturning the ruling by Justice Alexander ‘Sandy’ Street and ordering a rehearing before a new judge.