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The Federal Court has once again sided with the Commissioner of Patents in a challenge to a ruling that patents for a computer-implemented invention did not describe a manner of manufacture and should be revoked.
Judge refuses class action’s bid to amend forex cartel case against banks
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A judge has sided with five investments banks and rejected a bid to amend a class action alleging a series of cartel agreements to rig foreign exchange rates, saying there were “substantial problems” with the proposed pleadings.
AMA Group’s Andrew Hopkins steps down as CEO, drops court action
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Andrew Hopkins has resigned from his position as group CEO of automotive repair firm AMA and has discontinued his lawsuit against the company despite a Federal Court injunction barring his dismissal amid allegations of fraud.
One Nation staffer suffers setback in fight over $4.5M legal bill
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A judge has rejected a judicial review request by One Nation chief-of-staff James Ashby who sought to have the Commonwealth foot the bill for nearly $4.5 million in legal costs stemming from a dropped sexual harassment case against former House speaker Peter Slipper.
Concerns about courts wading into funding commission rates ‘exaggerated’, judge says
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Concerns behind criticism that courts aren’t equipped to assess a class action funder’s commission are exaggerated, and the fixing by judges of reasonable remuneration, at least in other cases, is nothing new, a Federal Court judge has said.
ASIC secures court order to wind up Mayfair 101 unit
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A judge has ordered the winding up of M101 Nominees, the issuer of $67 million in notes promoted by James Mawhinney’s failed Mayfair 101, which is alleged to owe investors over $211 million.
Woolworths to pay $44.5M to settle shareholder class action
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A $100 million shareholder class action against supermarket giant Woolworths has settled for $44.5 million, a few days before a 15-day trial was set to begin.
High Court set to deliver judgment in Westpac’s appeal of personal advice ruling
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The High Court will hand down its ruling Wednesday in a high-stakes case between ASIC and Westpac that is expected to clarify the line between personal and general financial advice.
ASIC chair James Shipton to step down despite being cleared in relocation expenses review
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ASIC chair James Shipton will step down from his role despite being cleared by an independent review into $118,000 in payments related to his relocation from the US in 2018.
AMA Group to fight court injunction granted to ‘intolerable’ CEO accused of fraud
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Automotive firm AMA Group will seek to discharge an injunction preventing it from dismissing a CEO who has been accused of defrauding the company of “hundreds of thousands of dollars” and damaging its reputation with major partners.