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Optus hit with $6.4M fine for misleading NBN email
ACCC 2019-11-29 10:24 pm By Cat Fredenburgh Melbourne

A Federal Court judge has slapped Optus with a $6.4 million penalty for sending a misleading email to 138,988 mobile customers informing them their broadband service would be disconnected soon, just two days after the telecommunications giant copped a $1.5 million penalty for similar conduct.

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Hytera can argue Motorola should have alerted it to stolen IP sooner, Full Court says
Angus Lang 2019-11-29 2:26 pm By Cat Fredenburgh Melbourne

The Full Federal Court has handed a win to Hytera in its high-stakes intellectual property litigation with Motorola, allowing the Chinese radio manufacturer to file an amended defence arguing Motorola should have alerted it to the alleged theft of its source code by former employees sooner.

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Bondi Beach bar sues Aristocrat Technologies over ‘defective’ gaming machines
Aristocrat Technologies 2019-11-29 1:04 pm By Cat Fredenburgh Melbourne

A trendy Bondi Beach bar has dragged Aristocrat Technologies to court for allegedly selling it defective gaming machines that repeatedly froze when customers tried to use them.

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With class actions likely, Westpac gives share purchasers a way out
ASIC 2019-11-28 11:34 pm By Cat Fredenburgh Melbourne

Embattled banking giant Westpac may be seeking to limit its potential liability in any shareholder class actions it may face in the wake of AUSTRAC’s lawsuit alleging 23 million breaches of anti-money laundering and counter-terrorism financing laws, with the bank offering to refund some of those that purchased shares as part of a $2.5 billion capital raising.

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Judgment day in $1B Queensland floods class action
Class Actions 2019-11-28 3:13 pm By Cat Fredenburgh Melbourne

Eight years after floods in Southeast Queensland destroyed more than 2,000 homes, a judge will deliver his ruling in two class actions seeking a record $1 billion in damages, and the decision could well come down to which of two conflicting flood modeling reports the judge sides with.

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Bellamy’s to pay $49.7M to settle shareholder class actions
Class Actions 2019-11-27 10:05 pm By Cat Fredenburgh Melbourne

Infant food maker Bellamy’s has agreed to pay $49.7 million to settle two shareholder class actions alleging the company misled investors in 2016 about its China growth strategy and declining infant formula market share in Australia.

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Dentons defends Afterpay money laundering advice
AUSTRAC 2019-11-26 5:30 pm By Cat Fredenburgh Melbourne

Dentons is standing by the legal advice it gave to Afterpay regarding its compliance with anti-money laundering laws, after an independent auditor found the buy now, pay later company received “incorrect” advice from top-tier Australian law firms.

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Top tier law firms gave Afterpay bad advice on anti-money laundering compliance, auditor says
AUSTRAC 2019-11-25 10:24 pm By Cat Fredenburgh Melbourne

Buy now, pay later giant Afterpay got bad legal advice from “top tier Australian law firms” on its anti-money laundering compliance, an auditor’s report has found.

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Federal Court backs IP Australia’s rejection of computer-implemented invention
Chris Burgess 2019-11-25 4:58 pm By Cat Fredenburgh Melbourne

The Federal Court has again sided with with the Commissioner of Patents in a challenge to a ruling that found two patents for a computer-implemented invention were not a manner of manufacture.

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‘Orwellian doublespeak’: Judge lashes Dover Financial’s client protection policy
ASIC 2019-11-22 11:10 pm By Cat Fredenburgh Melbourne

The Australian Securities and Investments Commission has won its case against defunct financial advisor Dover Financial and its former director, who famously collapsed during the banking royal commission, with a judge saying the company engaged in misleading and deceptive conduct through its inaptly titled ‘client protection policy’.

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