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Judge still not ready to sign off on Westpac’s $35M deal with ASIC
Financial Services 2018-09-14 11:25 pm By Miklos Bolza Sydney

A judge will appoint an independent barrister to examine Westpac’s recent $35 million settlement with the corporate regulator, saying it wasn’t clear if the bank had breached responsible lending laws as alleged.

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ABC, Fairfax to fight dismissal of truth defence in Chau Chak Wing defamation suit
Defamation 2018-09-14 11:21 pm By Christine Caulfield Melbourne

The ABC and Fairfax Media are appealing a ruling tossing their truth defence in a case brought by Chinese billionaire and philanthropist Dr Chau Chak Wing.

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Gamer settles Take-Two lawsuit over Grand Theft Auto copyright
Entertainment 2018-09-14 11:06 pm By Cat Fredenburgh

A gamer has admitted he violated the copyright for  Take-Two Interactive’s popular Grand Theft Auto video game by making unauthorised changes to the game that allowed him to manipulate the actions of other online players without their consent.

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AFP brings foreign bribery charges
Energy & Natural Resources 2018-09-14 11:04 pm By Cat Fredenburgh Melbourne

A Sydney executive of a company specialising in trading rock phosphate has been charged with conspiring to bribe foreign officials in Nauru.

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ASIC sues ANZ over $2.5B share placement
ANZ 2018-09-14 4:20 pm By Cat Fredenburgh Melbourne

ASIC has filed a lawsuit against ANZ alleging it breached its continuous disclosure obligations in relation to a $2.5 billion institutional share placement, which is also at the centre of a criminal cartel case against the bank.

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Shareholders to contest Bellamy’s cost-capping bid in class actions
Class Actions 2018-09-14 2:09 pm By Christine Caulfield Melbourne

A sought-after court order by organic baby food maker Bellamy’s to limit legal costs in two class actions won’t come without a fight, a barrister for the shareholders said Friday.

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QRxPharma defendants can access class members’ broker details
Class Actions 2018-09-13 11:49 pm By Miklos Bolza Sydney

The defendants in a shareholder class action over QRxPharma’s alleged failure to disclose problems with regulatory approval for its painkiller Moxduo have won access to information on class members’ financial brokers.

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Funders react to ASIC’s thumbs down on licensing
Class Actions 2018-09-13 11:41 pm By Christine Caulfield Melbourne

The corporate watchdog’s dim view of proposals to regulate litigation funders got a mixed reaction from big players in the industry Thursday, with its position supported by foreign funders but frowned on by at least one home-grown firm.

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Aristocrat patent appeal hinges on Rokt, Encompass outcomes
Australian Government Solicitor 2018-09-13 10:42 pm By Miklos Bolza Sydney

A Federal Court judge has put an appeal by Aristocrat of an IP Australia ruling that revoked four of its gaming patents on hold pending the outcomes of two highly anticipated cases over the patentability of computer software.

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Mars melts Kraft’s patent for heat-resistant chocolate
Food and Beverage 2018-09-13 10:25 pm By Cat Fredenburgh Melbourne

Confectionery giant Mars has successfully opposed an application by Kraft Foods for an Australian patent for chocolate that doesn’t melt in the summer months.

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