Most Recent
Debt-laden fintech Squirrel can’t block receiver appointment
Arnold Bloch Leibler 2019-07-02 9:17 pm By Amelia Birnie

A judge has refused to grant an injunction stopping the appointment of receivers to Australian cloud-based superannuation fund manager SMSF Squirrel Ltd, describing the company’s financial position as “precarious” and likely to worsen beyond its current liabilities of $7.8 million.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Country Care slams prosecutors for ‘argumentative’, ‘vague’ criminal cartel case
Alice Muhlebach 2019-07-02 9:08 pm By Miklos Bolza

Country Care Group has criticised the DPP for the “argumentative” tone of the notice setting out its criminal cartel case against the mobility equipment provider, and has secured an order for further clarity from prosecutors.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ex-CBA exec facing criminal charges ordered to hand over docs in US lawsuit
Arnold Bloch Leibler 2019-07-02 9:03 pm By Amelia Birnie

A former Commonwealth Bank executive facing criminal commercial bribery charges has been ordered to hand over a number of documents in a US lawsuit brought by IT company Computer Sciences Corporation, but has avoided orders compelling him to take the witness stand.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

IOOF unit’s case ‘utterly unsupportable’, Sparke Helmore tells court
Alan Sullivan 2019-07-02 8:40 pm By Miklos Bolza

Sparke Helmore has refuted allegations by IOOF subsidiary Australian Executor Trustees (SA) that it failed to provide proper legal advice to the trustee on a 2012 pine plantation sale that left 4,500 investors without millions of dollars worth of assets.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Novartis wants to amend invalidated patent for MS drug
Appeals 2019-07-02 1:30 pm By Amelia Birnie

Novartis has applied to amend its proposed patent for an oral form of multiple sclerosis drug Gilenya, as it appeals an invalidity ruling by IP Australia for lack of inventive step.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

IOOF liability ‘plain as a pike staff’, APRA says at start of trial
Arnold Bloch Leibler 2019-07-01 10:47 pm By Amelia Birnie

The prudential regulator has opened the first day of its case against IOOF directors and entities by claiming the wealth manager’s liability is “plain as a pike staff”, as IOOF contends the regulator’s case is “artificial and theoretical” and “overly simplistic”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Ariosa infringed Sequenom’s patent for prenatal genetic test, court finds
Adrian Ryan 2019-07-01 10:07 pm By Cat Fredenburgh

A court has found Ariosa Diagnostics infringed a patent held by Sequenom for a noninvasive prenatal genetic test, and ruled one claim of the patent invalid for lack of fair basis.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

‘Neglect, inexperience, incompetence’: IOOF unit faces $82M trial over plantation sale
Alan Sullivan 2019-07-01 7:23 pm By Miklos Bolza

IOOF subsidiary Australian Executor Trustees (SA) is facing an $82 million claim for compensation by investors angered by the way the trustee handled the sale of a 42,000 hectare timber plantation run by collapsed forestry giant Gunns Group.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

ASIC appeals ruling in market manipulation case against NAB contractor Whitebox
ASIC 2019-06-28 11:39 pm By Cat Fredenburgh

The Australian Securities and Investments Commission is challenging the dismissal of its enforcement action against  National Australia Bank contractor Whitebox Trading and sole director Johannes Boshoff, which accused them of market manipulation that resulted in a spike in the price of securities on the ASX-200 index in October 2012.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

TV gardener Don Burke escapes defamation suit over A Current Affair interview
Defamation 2019-06-28 11:29 pm By Cat Fredenburgh

Celebrity gardener Don Burke has prevailed in a defamation action brought by one of his accusers, journalist Wendy Dent, over comments he made during a TV interview, with a judge saying his “less than compelling” responses and the interviewer’s skepticism gave rise to “real doubts” about his credibility.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?