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The Australian Securities and Investments Commission has settled its responsible lending case against Volkswagen’s financial services unit with an undertaking from the car financier to repay customers $4.7 million.
Arrow drops opposition to Novartis patent for MS drug, despite win before IP Australia
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The Federal Court has upheld Novartis’ appeal of a ruling revoking its patent for an oral form of multiple sclerosis drug Gilenya, after Australian generic drug maker Arrow Pharmaceuticals dropped its opposition to the patent despite prevailing before IP Australia.
Noni B owner fights ACMA bid for docs over potential Spam Act violations
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Mosaic Brands has taken the Australian Communications and Media Authority to court, alleging a request for documents based on suspected Spam Act violations is invalid.
AMP hits back at class action, says buy-out policy changes needed to avoid ‘BOLR run’
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Changes to AMP’s buyer of last resort policy that reduced the multiple by which the wealth management firm would purchase advisers’ client registers was necessary to protect the business from a ‘BOLR run’, a court had been told.
Delegate deflates Ann Taylor’s opposition to Nike’s ‘Aeroloft’ trade mark
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US women’s clothing retailer Ann Taylor has come up short in its opposition to Nike’s bid to register the ‘Aeoroloft’ mark for its brand of lightweight fitness apparel, with an IP Australia finding the mark is not deceptively similar to Ann Taylor’s ‘Loft’ mark.
Zip Co crushes Flexigroup’s ‘No Interest’ trade mark
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Fintech Zip Co has successfully opposed rival Flexigroup’s attempt to trade mark ‘No Interest Ever!’, in the latest trade mark battle between buy now, pay later service providers in Australia.
Full Court gives Branhaven another shot at bovine gene patent
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Australia’s leading livestock group cannot block US company Branhaven from amending its application for a bovine genome patent, which the group has worried could harm the Australian cattle industry’s ability to use genetic tests.
Lawyer settles case against firm accused of ‘workplace culture of sniping’
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A former associate director of a Melbourne law firm that allegedly sacked him after he complained of workplace “sniping” has resolved his unfair dismissal lawsuit.
Merck Sharp & Dohme drops lawsuit over Januvia patent
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Merck Sharp & Dohme has dropped a lawsuit brought against a unit of Indian generic manufacturer Lupin for allegedly threatening to infringe the patent for its multibillion-dollar diabetes drugs Januvia and Janumet.
Ernst & Young to be sued in class action over Slater & Gordon audits
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Professional services firm EY UK has been added as a respondent in a shareholder class action against Pitcher Partners over advice given to law firm Slater and Gordon in its disastrous $1.3 billion acquisition of the UK-based Quindell in 2015, almost two years after the class action was filed.