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Landowner paid $23M to make way for WestConnex project can appeal
Addisons 2018-08-15 11:40 pm By Cat Fredenburgh Melbourne

A ruling that valued land snatched by the New South Wales government to make way for the massive WestConnex highway at $23 million is invalid because of a Commissioner’s involvement in adjudicating the matter, an appeals court has found.

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ACCC tried to ‘micro-manage’ Pacific with injunction, judge says
Competition & Consumer Protection 2018-08-15 11:29 pm By Cat Fredenburgh Melbourne

The judge overseeing the competition lawsuit brought by the ACCC over Aurizon’s proposed sale of its Queensland intermodal business to Pacific National has denied the regulator’s bid for an injunction against Pacific, saying it amounted to micro-managing that could discourage “normal competitive behaviour”.

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Patent suits launched over breakthrough cancer drug
Biopharmalex 2018-08-15 10:25 pm By Miklos Bolza Sydney

Two patent infringement lawsuits have been launched over attempts to sell generic versions of breakthrough cancer drug Velcade in Australia, after a US court last year struck down attempts to invalidate a patent for the drug.

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Foxtel should pay more than a gym to stream copyrighted recordings, court told
Christian Dimitriadis 2018-08-15 10:06 pm By Miklos Bolza Sydney

A Copyright Tribunal decision that led to substantially lower sound recording licence fees for Foxtel was “beyond the pale” because it compared fees charged to the cable TV giant with those charged to fitness centres, the Full Federal Court heard Wednesday.

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CrownBet goes on the attack, says Sportsbet’s trade marks must be revoked
Arnold Bloch Leibler 2018-08-15 9:59 pm By Christine Caulfield Melbourne

In an escalating battle between the online bookmakers, CrownBet has filed a cross claim in a consumer and trademark infringement lawsuit brought by Sportsbet that calls for the cancellation of its rival’s trade marks.

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Westpac adviser at centre of ASIC suit got ‘high achievement’ ratings, bank admits
Financial Services 2018-08-15 9:32 pm By Cat Fredenburgh Melbourne

Westpac admits that it violated the Corporations Act by awarding high performance marks to a financial adviser whose work was flagged for compliance concerns during several internal reviews.

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LGL Commodities CFO can’t drag accountant into liquidator’s suit
Agriculture 2018-08-15 8:14 pm By Christine Caulfield Melbourne

The former chief financial officer of LGL Commodities has lost a bid to join the accountant for the collapsed grain trader as a co-defendant in a case brought against him and three other directors by the company’s liquidators.

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Brambles hit with second shareholder class action
Allens 2018-08-14 10:40 pm By Cat Fredenburgh

Chain logistics company Brambles is facing a second class action alleging it breached its continuous disclosure obligations by failing to revise its overly rosy 2017 financial forecast on several occasions.

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Optus, Telstra reach deal over ‘Unlimited’ ads
Clayton Utz 2018-08-14 10:05 pm By Cat Fredenburgh Melbourne

A claim for damages by Optus over Telstra’s ‘Unlimited’ ad campaign, which was found to be misleading and deceptive, appears to have been resolved by the rivals out of court.

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Class action can claim Westpac unit knew about $1.9M Ponzi scheme
Allens 2018-08-14 9:23 pm By Cat Fredenburgh Melbourne

A judge has denied a Westpac unit’s bid to strike allegations that it knew about a $1.9 million Ponzi scheme from a class action alleging the bank aided the Ponzi schemer’s illegal conduct.

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