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AGL dodges green shareholder’s challenge to demerger scheme booklet
Corporate 2022-05-06 5:48 pm By Sam Matthews

AGL Energy has defeated a green investor’s challenge to its demerger scheme booklet ahead of a vote on the controversial proposal, but has been ordered to rectify a video to disclose the climate-related risks of the plan.

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Seeing red: Priceline can’t trade mark signature pink
Healthcare 2022-05-06 11:03 pm By Cat Fredenburgh

Discount pharmacy Priceline cannot trade mark the signature bright pink that adorns it shopfront signs and awnings, an IP Australia delegate has found.

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Apple faces battle to protect Touch ID source code in patent stoush
Angus Lang 2022-05-06 2:16 pm By Cindy Cameronne

Apple is “unlikely” to avoid production of the source code for its Touch ID and Face ID technology to an Australian non-practicing entity that has sued the Silicon Valley company for patent infringement, a judge has said.

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ABC’s ‘fool’ claims shot down in defamation suit over ‘Putin’s Patriots’
ABC 2022-05-06 5:15 pm By Sam Matthews

A judge has struck out part of the ABC’s defence in a lawsuit by the head of Russian motorcycle club Night Wolves over an allegedly defamatory Four Corners report.

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‘Just a fishing expedition’: Quintis class action can’t see EY meeting docs
Accounting 2022-05-05 4:45 pm By Cindy Cameronne

Shareholders bringing a class action against Quintis have lost their bid for Ernst & Young to hand over documents from two meetings with a director of the sandalwood supplier, after a judge found they did not get “within a bull’s roar” of showing the accounting firm’s discovery was inadequate.

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No penalty for IOOF unit RI Advice in ASIC’s novel cybersecurity case
ASIC 2022-05-05 12:24 pm By Christine Caulfield

IOOF financial advice unit RI Advice has escaped a penalty in a test case alleging cybersecurity failures, but the firm must engage an IT security company and pay the corporate regulator’s legal costs.

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ASX wants $3M security for costs from iSignthis after Cyprus move
Brendan Lim 2022-05-05 4:56 pm By Sam Matthews

The Australian Stock Exchange is seeking $3.25 million in security for costs as it defends a $464 million lawsuit brought by fintech firm iSignthis, a move spurred on by the 2021 demerger of iSignthis and ISX Financial EU.

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More clinics to be pulled into Monash IVF class action over embryo destruction
Class Actions 2022-05-04 8:46 pm By Sam Matthews

Six more fertility clinics in states across the country are set to be pulled into a class action against Monash IVF on behalf of hundreds of men and women demanding damages for the alleged destruction of potentially viable embryos.

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Max Twigg can’t escape ruling he made off with family fortune
Appeals 2022-05-04 9:13 pm By Sam Matthews

Max Twigg, race car driver and former owner of the famous Byron Bay Hotel, has lost an appeal of a judge’s finding that he misappropriated around $100 million in family trust money and took steps to conceal the transfer of funds from his mother.

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Qantas, TWU lose appeals over axing of 1,800 ground staff
Appeals 2022-05-04 11:34 am By Cindy Cameronne

Qantas and the Transport Workers Union both lost their appeals Wednesday of a judge’s decision finding the airline had decided to axe 1,800 ground staff partly to prevent employees bringing industrial action but refusing to reinstate the workers. The airline has vowed to take the case to the High Court.

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