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Payroll services provider PayMe Australia has lost its opposition to fintech Paymend’s bid to trade mark its name, with an IP Australia delegate finding the marks are not substantially identical.
ANZ breached continuous disclosure rules during $2.5B share placement, court finds
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A judge has found that ANZ breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters Deutsche Bank, Citigroup and JP Morgan during its $2.5 billion equity capital raising in August 2015.
High Court to weigh in on disclaimer in Advanta Seeds class action
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The High Court has granted special leave to farmers in a class action against Advanta Seeds over allegedly contaminated product to challenge a court’s finding that a disclaimer nullified the company’s duty to protect growers against economic loss.
Hotel quarantine class action argues for second-highest GCO
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A law firm behind a class action against the state of Victoria over the COVID-19 hotel quarantine fiasco is seeking what would be the second highest contingency fee rate for running the case, saying the percentage was justified given the complexity of the novel claims.
Nine faces contempt claim over stories on surgeon’s defamation trial
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A top orthopaedic surgeon who is suing Nine for defamation has accused the outlet of contempt of court by publishing unadmitted evidence about his reputation, claiming the stories were “improper, unjust and lacking in bona fides”.
Court can order solicitor to return fees for ‘exorbitant overcharging’
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A court made valid orders for a Queensland solicitor to pay back $251,255 to the relative of a former client, an appeals court has found, saying that “exorbitant charging debases the reputation of the legal profession”.
Bondholders class action faced obstacles, but proving climate risk not one of them: judge
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A judge who signed off on a settlement in a class action against the government by sovereign bondholders over the disclosure of climate risks said proving climate change posed a risk to government coffers may not be as difficult as the government has claimed.
Car park patent holder tries again to prove infringement
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The owner of a car parking patent has appealed a judgment that tossed its patent infringement claims and found it made unjustified litigation threats against car parking technology company Ubipark.
Judges have power to make settlement CFOs, says Full Court
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The Full Federal Court has answered a question vexing the court for the past four years, ruling that class action judges have the power to make common fund orders at settlement that allow litigation funders to reap a percentage commission beyond their contractual entitlement.
Settlement CFO ruling another landmark in class action development
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The Full Federal Court’s finding that the High Court did not extinguish the power of judges to make common fund orders on approval of class action settlements is the latest milestone in the evolution of Australian class action jurisprudence, experts say.