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The financial crimes watchdog has brought enforcement action against Crown Mebourne and Crown Perth for what it describe as widespread and serious non-compliance of anti-money laundering and counter terrorism laws.
Abandoned IVF clinic merger no win for ACCC, judge says
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The ACCC got what it wanted when IVF providers Virtus Health and Healius terminated a proposed $45 million merger, but it wasn’t a win, a judge has said in mostly denying the regulator’s bid to recover the costs of its court challenge to the deal.
Juno found liable for infringing Pfizer’s Dynastat patent
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A judge has found Pfizer’s patent for its post-operative injectable painkiller Dynastat is valid and that Australian drug maker Juno Pharmaceuticals infringed the patent by selling generic versions of the drug in Australia.
Jellycat’s Bashful Bunny plush toy ‘hardly a revolutionary concept’, court told
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A toy designer that has been sued for allegedly copying the design of toy maker Jellycat’s beloved ‘Bashful Bunny’ has pushed back at a request for discovery concerning its design process, telling the court “a plush toy in the shape of a bunny is hardly a revolutionary concept”.
Court to hold Bitcoin passwords in $10.3M case against Blockchain Global
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The Victoria Supreme Court will hold two passwords for Bitcoins in a secure location after a judge found that the loss of the passwords could lead to the destruction of $10.3 million worth of cryptocurrency at the heart of lawsuits involving the collapsed Blockchain Global Limited.
Sunday Telegraph wins defamation case brought by John Ibrahim’s son
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A judge has thrown out a defamation case brought by the son of infamous Kings Cross personality John Ibrahim against publisher Nationwide News over a “sensationalist and voyeuristic” Sunday Telegraph story.
CBA says branch arrangements ‘critical’ to defence of $45M rest break case
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Commonwealth Bank has won more time to examine the particular work arrangements in 24 individual branches, as it fights allegations of systemic failures to provide thousands of employees with paid rest breaks since 2014.
$2.5M in damages sought in ‘Love Is In The Air’ copyright suit
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The holder of the licence for ‘Love Is In The Air’ is seeking $2.5 million in damages from Oregon electronic music duo Glass Candy for infringing the copyright for the 1970s disco hit, despite a judge dismissing most claims for damages against the pair.
PwC Australia picks up Greenwoods & Herbert Smith Freehills
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A new taxation super-group is on the horizon, with leading tax advisory firm Greenwoods set to join the ranks of PwC Australia’s financial advisory business in the midyear, amid a “war for talent” in the sector.
ASIC drops most claims against Rio Tinto over $5.8B acquisition
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The Australian Securities and Investments Commission has dropped all but one claim against Rio Tinto in a four-year-long case over disclosures related to its troubled $5.8 billion acquisition of a Mozambique coal mining business and abandoned all claims against the mining giant’s former CEO and CFO.