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ASIC binary trading defendants hit with $60K in contempt penalties
Financial Services 2018-10-11 11:47 pm By Miklos Bolza

A Federal Court judge has ordered three individuals targeted in an ASIC lawsuit over binary option trading to pay $60,000 in contempt of court penalties for breaching court-imposed freezing orders.

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Aristocrat wins discovery to probe theft of slot machine idea
Entertainment 2018-10-11 10:49 pm By Cat Fredenburgh

Aristocrat Technologies has hit the jackpot in its bid for discovery to determine whether it has claims against rival Ainsworth for stealing its confidential information and using it to design a competing slot machine.

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Westpac appeals funding order in life insurance class action
Allens 2018-10-11 10:42 pm By Christine Caulfield

Westpac is challenging a judge’s order that gives the funder backing a class action over life insurance premiums a 25 percent cut of any recovery.

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EnergyAustralia execs can view docs in $1B sale dispute with QIC
Associate Justice Melissa Daly 2018-10-11 5:44 pm By Miklos Bolza

A judge has granted a unit of Queensland Investment Corporation’s request for a confidentiality regime for certain documents discovered in an ongoing legal spat with EnergyAustralia over the $1.78 billion sale of a gas facility in Victoria, but said three EnergyAustralia can view the documents.

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Goodyear hits the brakes on trade mark appeal against Dunlop
Ashurst 2018-10-11 4:44 pm By Cat Fredenburgh

US tyre company Goodyear has dropped its challenge to a mixed trade mark ruling in its long-running dispute with UK-based rival Dunlop over coveted trade marks for ‘Dunlop’ and ‘Flying D’.

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ASIC contests referee idea in AMP insurance rewriting case
Clayton Utz 2018-10-11 4:21 pm By Miklos Bolza

ASIC has locked horns with a Federal Court judge over his proposal to appoint an independent referee in its case against AMP over insurance rewriting, with the regulator arguing the move would lead to delay and duplication of costs.

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Court consolidates toxic foam class action trials
Australian Government Solicitor 2018-10-11 9:49 am By Cat Fredenburgh

Three class actions filed against the Commonwealth of Australia over allegedly toxic foam from government military bases will be heard together.

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Funeral insurer loses High Court appeal over profits from use of rival’s secrets
Appeals 2018-10-10 11:35 pm By Cat Fredenburgh

The High Court of Australia has rejected an appeal of a ruling that found a funeral insurer was liable for the use of a rival’s confidential information by employees and instead granted a cross-appeal that more than doubled the rival’s award of profits.

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Class action seeks evidence from jailed Crown Resorts employees
Class Actions 2018-10-10 11:24 pm By Cat Fredenburgh

The law firm leading a shareholder class action against Crown Resorts wants evidence from employees whose arrest in China during a 2016 government crackdown on gambling sent the company’s stock price tumbling.

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In pro bono win for Norton Rose, High Court stubs out man’s marijuana conviction
Appeals 2018-10-10 9:58 pm By Miklos Bolza

The High Court has granted an appeal to a Norton Rose Fulbright-represented man who claimed more than 900g of marijuana found at his house was for personal use, repealing his conviction for drug possession after new evidence emerged that may have changed the course of his trial in 2013.

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