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The Australian Patent Office has shot down a patent application covering throat lozenges by consumer goods giant Reckitt-Benckiser on a challenge by rival Sanofi-Aventis.
GetSwift hit with $300M shareholder class action
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Squire Patton Boggs has brought a shareholder class action worth potentially $300 million against logistics software company GetSwift and its director, former AFL player Joel MacDonald, for providing inadequate disclosures and misleading investors with “overhyped” announcements about business contracts.
Slater & Gordon slams letter in union merger bid
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A Slater and Gordon lawyer representing three unions seeking Fair Work Commission approval for a proposed tie-up, has slammed an “urgent” email from counsel at Herbert Smith Freehills claiming a newly discovered contempt matter involving one of the deal’s applicants should bar approval of the deal.
Toll Global fined $75K in EPA action
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Toll Global has been fined $75,000 after pleading guilty to transporting over 16,000 kilograms of expandable and flammable polymer beads by truck.
Banks pay $21.4M to consumers for bad financial advice
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Australia’s five biggest banks have paid out $21.4 million since the end of 2016 to consumers harmed by advice that violates financial services regulations, the Australian Securities and Investments Commission said Tuesday.
Energy Australia keeps up fight in casual worker pay case
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Energy Australia is not backing down in an industrial dispute over overtime pay for casual workers at its Yallourn Power Station, seeking leave to appeal a judge’s dismissal of its case and his ruling that it foot the unions’ entire legal bill.
Fitbit trademark suit should move to SA, billionaire says
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A Fitbit suit challenging two trademarks owned by South Australian convenience store king Yasser Shahin should be moved to South Australia, Shahin has told a court.
ACCC to pursue big biz with bigger fines
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The ACCC has set out its priorities for 2018, and bigger penalties for big business flouting competition laws is top of the agenda, the commission’s chief said Tuesday.
S&P settles Lifeplan class action over CDOs ratings
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S&P Global Ratings has reached a settlement in an Australian class action by investors who bought toxic products rated healthy by the U.S. credit reporting agency ahead of the global financial crisis, a deal that includes over $4.6 million in legal fees.
Data breach notification rule takes effect this week
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Under new rules set to take effect Thursday, organisations will face stiff penalties for failing to promptly notify the Australian Information Commissioner and affected individuals when a data breach occurs.