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ACCC to probe foreign exchange fees
Competition & Consumer Protection 2018-10-02 5:46 pm By Cat Fredenburgh Melbourne

The ACCC has opened an inquiry into the inordinately high exchange fees consumers face when sending money outside Australia.

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Take-Two wins injunction against another Grand Theft Auto gamer
Bird & Bird 2018-10-02 3:19 pm By Cat Fredenburgh Melbourne

Take-Two interactive has won an injunction blocking a Grand Theft Auto gamer from distributing software that allows users to access restricted features of the popular game, a month after reaching a settlement with a gamer in a separate copyright case.

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Blue Sky reveals $4.1M in incorrectly charged fees
Class Actions 2018-10-02 12:43 am By Cat Fredenburgh Melbourne

Investment manager Blue Sky, which is currently facing three shareholder class action investigations, has admitted to incorrectly charging $4.1 million in fees to certain funds over a ten-year period.

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Telstra customers get $9.3M back for misleading billing practices
Australian Government Solicitor 2018-09-28 11:31 pm By Cat Fredenburgh Sydney

Telstra customers that were billed for mobile phone apps they unwittingly bought have been refunded $9.3 million, several months after the company was hit with a $10 million penalty for the misleading conduct.

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Sirtex must alert class if cash dips below $80M, judge rules
Class Actions 2018-09-28 10:30 pm By Cat Fredenburgh Melbourne

Shareholders in a class action against Sirtex have secured an order forcing the life sciences company to notify them of any plan that would see its $128 million in liquid assets drop below $80 million.

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EGR hit with $6M fine for exclusive dealing
Competition & Consumer Protection 2018-09-28 8:32 pm By Cat Fredenburgh Melbourne

The Federal Court has imposed a $6.35 million fine against manufacturer EGR and its director for exclusive dealing, bringing the fines won by the ACCC over the cartel for the supply of polycarbonate to almost $12 million.

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Westpac class action funder agrees to net commission
Allens 2018-09-28 4:40 pm By Cat Fredenburgh Melbourne

The funder underwriting a class action against Westpac will take a 25 percent cut of the net — not gross — recovery sum to secure a judge’s approval of a common fund order in the case. 

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Delay in publishing IP judgment creates ‘unsatisfactory state of affairs’, judge says
Intellectual Property 2018-09-27 11:14 pm By Cat Fredenburgh Melbourne

A Melbourne computer retailer that plans to appeal a $2.8 million fine for allegedly violating Microsoft’s Windows 7 IP has won a stay of the court’s order, with a judge finding the court’s delay in publishing reasons for judgment created an “unsatisfactory state of affairs”.

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Judge shoots down Sirtex bid for class closure order
Class Actions 2018-09-27 10:03 pm By Cat Fredenburgh Melbourne

A judge has rejected an application by biotech company Sirtex Medical to limit a class action to shareholders who register as group members in the next month, saying a class-closure order could dramatically cut down on the size of the class.

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AGM denied anti-suit injunction to block ASIC case
Competition & Consumer Protection 2018-09-27 9:41 pm By Cat Fredenburgh Melbourne

A judge has shot down a request by financial services company AGM that the court halt an ASIC  proceeding seeking to revoke its financial services licence while a Federal Court case against it progresses.

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