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ASIC drags ex-Murray Goulburn execs to court
Securities 2019-06-25 2:18 pm By Cat Fredenburgh

The former directors of Murray Goulburn, who admitted in proceedings brought by the ACCC to aiding in false representations the dairy co-op made to farmers about the farmgate milk prices it would pay during the 2015-16 season, are now facing a separate lawsuit by the Australian Securities and Investments Commission.

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Fintech Zip faces trade mark suit by Firstmac
Intellectual Property 2019-06-24 11:20 pm By Cat Fredenburgh

Mortgage provider and Brisbane Broncos sponsor Firstmac has hit fintech giant Zip Co with a lawsuit for allegedly infringing its “Zip” trade mark.

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Judge pauses ASIC case against ANZ over $2.5B share placement
Securities 2019-06-21 11:35 pm By Cat Fredenburgh

ANZ Bank has secured a stay of the corporate cop’s civil penalties proceeding over disclosures related to its $2.5 billion equity capital raising while it fights criminal cartel charges related to the controversial share placement.

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Judge crushes Monster Energy’s opposition to monster wheel trade marks
Intellectual Property 2019-06-21 10:05 pm By Cat Fredenburgh

A judge has allowed a company associated with leading tyre retailer Bob Jane T-Mart to register three trade marks for its brand of Monster alloy wheels, dismissing claims from US energy drink giant Monster Energy that allowing the registration would lead to confusion.

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Funder can’t keep $2.2M of JustKapital’s Provident settlement cut in court
Business of Law 2019-06-21 12:53 pm By Cat Fredenburgh

JustKapital has defeated a bid by funder Litman Holdings to keep $2.2 million remaining from its cut of a $44.25 million settlement in two class actions against the trustees of failed debenture issuer Provident Capital locked down in court until the resolution of a separate dispute between the two funders.

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Gilbert + Tobin nabs in-house bigwig for competition group
People In The News 2019-06-20 9:28 pm By Cat Fredenburgh

Gilbert + Tobin has lured the former global head of antitrust at Swiss pharmaceutical giant Novartis to its competition group.

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ACCC tells court there’s a ‘real chance’ TPG will resume 5G rollout
Competition & Consumer Protection 2019-06-19 4:28 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has told the court there’s “at least a real chance” TPG will resume plans to roll out a 5G mobile network after its earlier plans were thwarted by the government’s ban on the use Huawei technology, as the regulator defends its decision to block the proposed $15 billion tie-up between TPG and Vodafone.

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ACCC takes Jump! swim school to court for misleading franchisees
Competition & Consumer Protection 2019-06-18 9:34 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has taken the operator of the Jump! swim school franchise and its director to court for allegedly promising franchisees that it would hand over an operational franchise within 12 months of signing a franchise agreement when it had no reasonable basis for making the promise.

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Commonwealth Bank still on the hunt for new GC
Financial Services 2019-06-18 3:21 pm By Cat Fredenburgh

The clock is ticking on Commonwealth Bank’s search for a new general counsel, with the position still vacant two weeks before the bank’s current top lawyer’s planned departure, announced almost four months ago in the wake of the Hayne royal commission’s scathing final report into the banking sector.

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Kraft can stay in peanut butter game while it appeals trade dress loss to Bega
Appeals 2019-06-17 9:56 pm By Cat Fredenburgh

The judge overseeing a dispute between Kraft and Bega over peanut butter trade dress rights has stayed orders barring Kraft from selling peanut butter in Australia featuring the disputed trade dress while it appeals its loss to Bega in the case.

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