Westpac is facing the possibility of more claims in proceedings brought by AUSTRAC over anti-money laundering breaches, with the regulator seeking information on 272 customers who may have been involved in the exploitation of children.
A group of IP lawyers has warned the Government will have to proceed carefully in establishing a mandatory code under which Google and Facebook would be forced to pay news publishers for content, saying such a move could be struck down under existing High Court precedent.
The former chief financial officer of delisted traditional therapy clinic company Traditional Therapy Clinics has been charged with multiple counts of market manipulation and fraud for engaging in share transactions designed to create an artificial price for the company’s share price.
Cheese maker Saputo’s proposed trade mark for an adorable cheese cartoon figure is substantially identical to Bega’s intellectual property for a ‘smiling anthropomorphised’ cheese biped and cannot be trade marked, a delegate of the trade marks office has found.
Animal health company Abbey Laboratories has successfully challenged an application by rival Bayer Australia for a patent covering a treatment for biting lice.
The Commonwealth Bank of Australia has become the latest Big Four bank to be hit with a class action over the sales of allegedly worthless insurance products.
The Australian Securities and Investments Commission will have to face trial in a defamation lawsuit brought by a Queensland building and mortgage company over two media releases the corporate regulator issued in 2018 and 2019, after defeating a separate $10 million defamation case last year.
A Sydney burger chain that was ordered to change its name after losing a trade mark lawsuit by popular American burger franchise In-N-Out has lost its request to stay the ruling, with a judge finding the company had “greatly exaggerated” the costs of the name switch, which she called “a new marketing opportunity”.
Victoria Beckham has dropped a lawsuit seeking to block Sydney-based skincare company VB Skinlab from registering two VB trade marks, which the fashion designer and former Spice Girl claimed sought to trade off the reputation of her VB marks.
A judge has approved a $5 million penalty against the Commonwealth Bank of Australia for overcharging customers $8 million in fees and interest on its agricultural products, despite previously expressing concerns that the penalty was “on the light side”.