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Court to determine Sony Playstation penalty without hearing
ACCC 2020-03-25 12:15 pm By Cat Fredenburgh Melbourne

A hearing has been vacated in ACCC proceedings brought against Sony alleging it misled gamers who purchased faulty PlayStation games, with any penalty the entertainment company should face to be decided by the court on written submissions alone as it seeks to avoid in-person hearings.

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Boral hit with shareholder class action over US business disclosures
Class Actions 2020-03-24 9:13 pm By Cat Fredenburgh Melbourne

Construction giant Boral is facing a shareholder class action for allegedly failing to disclose financial irregularities in its US windows business.

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ACCC allows supermarkets to join forces to combat panic buying
ACCC 2020-03-24 7:37 pm By Alison Eveleigh Sydney

The Australian Competition and Consumer Commission has given the go-ahead for supermarkets to work together immediately to ensure consumers have access to fresh food and groceries, after a wave of panic buying lead to product shortages and delivery disruptions across the country.

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Banks defeat mid-trial request by ex-Dick Smith directors for financial reports
Class Actions 2020-03-24 5:05 pm By Miklos Bolza Sydney

National Australia Bank and HSBC, which are suing the liquidators of collapsed retailer Dick Smith to recoup over $125 million in loans, have successfully fought off a bid by two former company directors for a series of financial reports.

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Judge OKs $42.5M Cash Converters settlement, plaintiffs firm to pocket $12.4M
Class Actions 2020-03-24 2:47 pm By Alison Eveleigh Sydney

A judge has signed off on a $42.5 million settlement of a class action against Cash Converters, brought on behalf of consumers that look out personal loans, in a move that will see the plaintiffs firm behind the case pocket $12.4 million.

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Spain appeals $375M ruling in arbitration spat over energy investments
Appeals 2020-03-24 1:16 pm By Christine Caulfield Melbourne

The Kingdom of Spain is keeping up its fight against the enforcement of two arbitration awards putting it on the hook for paying two investment companies $375 million.

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Insolvency relief not enough to hold back potential ‘tsunami’ of company failures
Coronavirus 2020-03-24 12:55 pm By Christine Caulfield Melbourne

Measures to relax insolvency and bankruptcy laws to stem a possible wave of COVID-19 company collapses will not achieve their goal — and if Australia enters a European-style lockdown it won’t be a wave of insolvencies, it will be a tsunami, Lawyerly has been told.

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Juno halts planned sale of Velcade generic in settlement with Millennium, US
Biopharmalex 2020-03-24 11:08 am By Christine Caulfield Melbourne

Generic drug maker Juno Pharmaceuticals has agreed to stopped planned sales of its cheap version of Millennium Pharmaceuticals anti-cancer medication Velcade in Australia as part of a settlement of its lawsuit alleging two patents covering the drug were invalid.

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HWL Ebsworth faces potential workplace claim for keeping lawyers in office
Business of Law 2020-03-23 10:06 pm By Christine Caulfield Sydney

HWL Ebsworth is keeping its offices open and requiring lawyers and staff to work at their desks despite updated government health advice, a decision that exposes the law firm to potential liability for workplace health and safety breaches, an employment expert says.

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Bitter dispute: Australian Olympic Committee hits beer maker with IP suit
Allens 2020-03-23 10:04 pm By Alison Eveleigh Sydney

The Australian Olympic Committee has taken a local microbrewery to court for allegedly violating its intellectual property by featuring the AOC coat of arms on its products and packaging without permission.

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