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Pitcher Partners can’t escape $5.6M judgment over concealed accounting botch job
Appeals 2019-07-23 1:23 pm By Christine Caulfield

Pitcher Partners has lost it challenge to a ruling socking it with a $5.6 million bill for an accounting error concealed from client Neville’s Bus Service, with an appeals court saying there was a “clear and principled basis” to require the accounting firm to pay the sum awarded for loss and damage to the transport company.

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APRA calls for changes to executive pay to curb misconduct
Financial Services 2019-07-23 12:55 pm By Cat Fredenburgh

Certain executives of Australian companies might have to wait seven years to have their bonuses paid out under proposed changes to executive remuneration introduced by the Australian Prudential Regulation Authority designed to limit the risk of misconduct and align executive pay with long-term performance.

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Judge urges Grant Thornton to consider Chinese wall in KPMG class action settlement
Class Actions 2019-07-22 10:10 pm By Amelia Birnie

The settlement of the Discovery Metals investor class action against KPMG has experienced another setback, after scheme administrator Grant Thornton flagged a potential conflict of interest in acting as a costs contradictor over Piper Alderman’s controversial $3.5 million legal bill.

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Mylan fires another shot at Cipla in generic Lipidil battle
Competition & Consumer Protection 2019-07-22 9:35 pm By Cat Fredenburgh

Mylan has launched a lawsuit against Cipla for allegedly copying the get-up of its blockbuster cholesterol drug Lipidil, after losing a bid to block Cipla and Sun Pharma from selling generic versions of the drug while it appeals a ruling invalidating several claims of its patents.

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More than a ‘scintilla of inventiveness’: Motorola defends source code as Hytera trial kicks off
Cameron Moore 2019-07-22 8:01 pm By Amelia Birnie

Patents at the centre of a high stakes IP dispute between tech giants Motorola and Hytera have significantly more than the necessary “scintilla of inventiveness” to be deemed valid, Motorola said on the first day of a month-long trial.

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Boehringer wins time to oppose Intervet patent after lawyers botched deadline
FB Rice 2019-07-22 4:56 pm By Cat Fredenburgh

A unit of Boehringer Ingelheim has been given more time to oppose a proposed patent by rival drug maker Intervet, after the German drug company’s lawyers sent an email with the wrong opposition deadline.

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Blue Sky settles case against former directors over alleged raid on database
Agriculture 2019-07-22 3:53 pm By Christine Caulfield

Blue Sky Alternative Investments has reached a confidential settlement of its case against three former directors and two investment firms over an alleged raid on the fund manager’s confidential database.

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Apple wins patent for computer-implemented invention
FPA Patent Attorneys 2019-07-22 2:35 pm By Cat Fredenburgh

Apple has been granted a patent for an animation-generating user interface for its iPhone and iPad devices, beating back multiple adverse examination reports that described the invention as a presentation of “aesthetic content” that solved the problem “providing users with something engaging to look at”.

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NSW Ports slams ACCC’s competition constraint claims as ‘slight or hypothetical’
Alice Muhlebach 2019-07-19 3:38 pm By Miklos Bolza

NSW Ports Operations has denied claims that an agreement for the privatisation of its subsidiaries Port Botany and Port Kembla stymied competition, describing the allegations made by the Australian Competition and Consumer Commission as “slight or hypothetical”.

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Ex-MP Emma Husar ‘very close’ to settling defamation case against Buzzfeed
Bruce McClintock 2019-07-19 3:22 pm By Amelia Birnie

Lawyers for media outlet Buzzfeed say they are “very close” to settling a defamation case brought by former Labor MP Emma Husar, over an article that accused her of sexual harassment and exposing herself in a manner made famous by Sharon Stone in the movie Basic Instinct.

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