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Embattled wealth manager AMP has revealed its fees for no service scandal could cost the firm more than $1 billion in customer remediation, and that it might be facing another fees scandal.
Merger to create $285M IP firm poised for Asia push
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The companies that own some of Australia’s largest intellectual property boutiques have agreed to a merger that will create a 349 employee-strong firm that’s a force to be reckoned with in the market for IP services in Asia Pacific.
Surgical mesh devices to face tougher regulatory review
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Surgical mesh devices, including the controversial urogynaecological mesh devices that are at the centre of two high-stakes class actions, will soon face a higher bar for regulatory approval.
Funders’ cut won’t exceed 25% in Spotless class action
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The two funders paying for a shareholder class action against facility services company Spotless Group want 25 percent of any net settlement or judgment in the case, a rate that mirrors the commission approved in a common fund order now at the centre of a constitutional challenge.
Bravo can’t trade mark ‘Just Desserts’ for Top Chef spinoff
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US television giant Bravo can’t trade mark the phrase “Just Desserts” in Australia for its Top Chef reality cooking show spinoff, a sweet victory for the Seven Network, which challenged the mark.
Elle publisher wins opposition to Aussie builder’s ‘Ella’ trade mark
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The Paris-based publisher of Elle Magazine has succeeded in a challenge to a trade mark application by an Australian building supplier for the name of its brand of bathroom fixtures, ‘Ella’.
Nestle unit wins patent for internet-connected coffee machine
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A unit of Nestle unit has defeated an opposition to a patent for an internet-connected coffee machine that would allow users to read news and weather while making their morning coffee.
Quinn’s fees, funder’s cut slashed in Bank of Queensland class action settlement
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A judge has taken a hatchet to Quinn Emanuel’s fees and the funder’s cut in a $12 million settlement of a class action against Bank of Queensland, a settlement which he previously described as one of the “worst” he’d ever seen.
GSK defeats challenge to breakthrough RSV vaccine patent
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GlaxoSmithKline has won approval for a patent for a vaccine to prevent a common respiratory virus affecting infants, beating out a challenge from a rival that has developed a competing vaccine.
Mark Latham faces $100,000 bill after settling defamation case
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Former MP Mark Latham has agreed to settle a defamation case brought against him by the political editor of pop culture site Junkee, and he could be on the hook for a $100,000 payout.