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Car dealer software supplier Pentana accused of misusing market power
Automotive 2022-11-14 11:50 pm By Christine Caulfield

Titan DMS, which provides software to car dealers across Australia, has expanded cross claims in a legal dispute with leading competitor Pentana Solutions, alleging the rival engaged in misuse of market power by threatening dealers who want to switch providers.

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KPMG dodges ‘very late’ claims in Gunns class action
Accounting 2022-11-14 10:53 pm By Cat Fredenburgh

A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania can’t add new claims against the accounting firm three months out from trial.

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CBA’s former boss Ian Narev grilled over internal audits 4 years before AUSTRAC action
AUSTRAC 2022-11-14 10:02 pm By Christine Caulfield

The former chief executive of Commonwealth Bank has told a court internal auditors raised issues with CBA’s anti-money laundering and counter-terrorism financing compliance four years before AUSTRAC took action that saw the bank’s share price plummet.

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CBA to face penalty for underpaying staff $16.4M
CBA 2022-11-14 2:05 pm By Christine Caulfield

The Commonwealth Bank of Australia and unit CommSec have reached an agreement with the Fair Work Ombudsman on liability in enforcement action alleging they knowingly underpaid almost 7,500 employees over $16.4 million.

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Novartis, Pharmacor resolve suit over Gilenya patents
Ben Mee 2022-11-14 1:42 pm By Cat Fredenburgh

Novartis and and generic drug maker Pharmacor have resolved litigation over the Swiss pharmaceutical giant’s patents for blockbuster MS drug Gilenya.

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High Court to hear Zurich appeal over NZ apartment class action
Appeals 2022-11-11 5:16 pm By Sam Matthews Melbourne

The High Court has granted special leave to Irish insurer Zurich to challenge a decision allowing a class action over an allegedly defective New Zealand apartment block to proceed in the NSW Supreme Court.

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Telcos hit with $33.5M in penalties over NBN speed claims
ACCC 2022-11-11 1:02 pm By Sam Matthews Melbourne

A judge has hit Optus, Telstra, and TPG with a total of $33.5 million in penalties for misleading thousands of NBN customers into paying for internet speeds that could not be achieved.

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High Court won’t hear Gatto bid to revive defamation case against ABC
ABC 2022-11-11 7:23 am By Cat Fredenburgh

The High Court has rejected a special leave application by underworld figure Mick Gatto seeking to revive defamation claims against the ABC over an article which he said accused him of threatening to kill gangland lawyer Nicola Gobbo.

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End of the road for AI inventions, as High Court rejects patent appeal
Allens 2022-11-11 6:49 am By Cat Fredenburgh

The High Court will not wade into the global debate over whether artificial intelligence inventions should receive patent protection, letting stand a Full Court judgment that overturned a landmark victory for AI pioneer Dr Stephen Thaler.

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Court slaps Smile Direct Club with $3.5M penalty for misleading insurance claims
ACCC 2022-11-11 6:12 am By Cat Fredenburgh

A judge has ordered Smile Direct Club and its Australian unit to pay a $3.5 million penalty and reimburse customers for misleading them into believing they would be reimbursed by their insurers for the dental care company’s costly teeth straighteners.

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