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Ex-Prime Trust director Wooldridge seeks court approval to manage companies despite recent ban
White Collar 2019-10-24 6:58 pm By Cat Fredenburgh

Former health minister and Prime Trust director Michael Wooldridge wants court approval to manage four corporations, despite a recent ruling from the Full Federal Court that reimposed a ban on him and three other former directors of the collapsed retirement village for violations of the Corporations Act.

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Ashley & Martin to refund customers for patchy hair loss treatment
Competition & Consumer Protection 2019-10-24 2:55 pm By Cat Fredenburgh

The Federal Court has ordered hair loss company Ashley & Martin to refund customers for hair loss treatment they did not receive, after finding three of the company’s standard form contracts contained unfair terms.

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ACCC extends review of $350M ANZ, GrainCorp deal
Competition & Consumer Protection 2019-10-24 1:26 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has extended its review of ANZ Terminals’ proposed acquisition of a unit of global agribusiness GrainCorp, after expressed competition concerns about the $350 million tie-up in July.

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Delegate denies opposition to Kraft changes to heat-resistant chocolate patent
Intellectual Property 2019-10-23 4:35 pm By Cat Fredenburgh

Kraft Foods can amend its patent application for a chocolate that doesn’t melt in the summer months, after a delegate found many of the claims of the patent lacked clarity and support.

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Trendy Aussie handbag designer wins injunction against ‘knockoff’ neoprene bags
Intellectual Property 2019-10-23 2:40 pm By Cat Fredenburgh

A popular Australian designer of neoprene athleisure handbags has won an injunction barring a retail site from selling bags that copy the design of its trendy totes.

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Watchstone to pay $20.7M to settle with Slater & Gordon UK over $1.2B acquisition
Corporate 2019-10-22 11:24 pm By Cat Fredenburgh

Slater & Gordon UK has agreed to a $20.7 million settlement of its claims against Watchstone Group, after seeking more than $1 billion from the insurance company over a botched 2015 acquisition that has spawned multiple class actions against the Australian firm.

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Bean there, done that: Lavazza says it used ‘oro’ trade mark before Vittoria
Intellectual Property 2019-10-22 11:14 pm By Cat Fredenburgh

Italian coffee manufacturer Lavazza has hit back against an infringement case brought by Australian rival Vittoria over two Oro trade marks, saying Vittoria’s rights over the marks should be revoked and claiming four decades of prior continuous use of its own unregistered mark.

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IOOF unit wins stay of $76M judgment as it mulls appeal of case against Sparke Helmore
Restructuring & Insolvency 2019-10-22 11:00 pm By Cat Fredenburgh

A judge has briefly stayed his $76.6 million judgment against IOOF subsidiary Australian Executor Trustees over the sale of a timber plantation by the collapsed Gunns Group as AET weighs an appeal of the ruling, which dismissed its cross-claim against law firm Sparke Helmore.

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Cash Converters to pay $42.5M to settle personal loans class action
Class Actions 2019-10-21 2:31 pm By Cat Fredenburgh

Cash Converters has agreed to pay $42.5 million to settle a class action brought on behalf of consumers that took out personal loans, after reaching a $16.4 million settlement last year in a class action over interest charged on short-term loans.

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Monsanto faces class action in Australia over Roundup weedkiller
Product Liability 2019-10-21 10:25 am By Cat Fredenburgh

Agricultural giant Monsanto is facing a class action in Australia over the marketing of its Roundup weedkiller, after being hit with a landmark US$ 2 billion verdict in the United States.

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