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Banks pay $21.4M to consumers for bad financial advice
Financial Services 2018-02-21 8:46 pm By Cat Fredenburgh

Australia’s five biggest banks have paid out $21.4 million since the end of 2016 to consumers harmed by advice that violates financial services regulations, the Australian Securities and Investments Commission said Tuesday. 

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Energy Australia keeps up fight in casual worker pay case
Employment 2018-02-21 6:57 pm By Cat Fredenburgh

Energy Australia is not backing down in an industrial dispute over overtime pay for casual workers at its Yallourn Power Station, seeking leave to appeal a judge’s dismissal of its case and his ruling that it foot the unions’ entire legal bill.

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Fitbit trademark suit should move to SA, billionaire says
Intellectual Property 2018-02-20 7:34 pm By Cat Fredenburgh

A Fitbit suit challenging two trademarks owned by South Australian convenience store king Yasser Shahin should be moved to South Australia, Shahin has told a court.

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S&P settles Lifeplan class action over CDOs ratings
Class Actions 2018-02-20 12:39 pm By Cat Fredenburgh

S&P Global Ratings has reached a settlement in an Australian class action by investors who bought toxic products rated healthy by the U.S. credit reporting agency ahead of the global financial crisis, a deal that includes over $4.6 million in legal fees.

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Data breach notification rule takes effect this week
Privacy & Cybersecurity 2018-02-20 12:21 pm By Cat Fredenburgh

Under new rules set to take effect Thursday, organisations will face stiff penalties for failing to promptly notify the Australian Information Commissioner and affected individuals when a data breach occurs. 

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Full court to hear Prysmian appeal next week
Competition & Consumer Protection 2018-02-20 9:43 am By Cat Fredenburgh

The Full Federal Court will hear arguments Monday from Prysmian Cavi E Sistemi that a $3.5 million fine handed down in a case brought by Australia’s competition regulator for alleged cartel conduct should be tossed out.

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Judge keeps lawyers in Cargill-Viterra suit on short leash
Corporate 2018-02-19 9:04 pm By Cat Fredenburgh

A judge in the Supreme Court of Victoria hearing a case brought by Cargill Australia alleging fraudulent concealment in the $420 million sale of malt producer Joe White Maltings by Viterra Malt Pty Ltd won’t loosen the reins on lawyers who have spent “millions of dollars” on discovery.

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Start-up off hook for broken promises, rules NSW Appeals Court
Securities 2018-02-19 8:49 pm By Cat Fredenburgh

A tech start-up that failed to deliver on a promise that investors would triple their money and was found liable for the entire investment has won a major reversal of the ruling on appeal.

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ACCC cartel case to be conducted as eTrial
Competition & Consumer Protection 2018-02-19 7:58 pm By Cat Fredenburgh

When trial kicks off in the ACCC’s case against a company and individual allegedly involved in a roof sheeting cartel, there will be one thing missing that courtroom spectators have come to expect from complex commercial proceedings – reams of paper.

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Penfolds copycat faces sobering moment with trademark action
Intellectual Property 2018-02-19 1:56 pm By Cat Fredenburgh

Treasury Wine Estates has brought a trademark case against Rush Rich for allegedly making and selling copycat Penfolds products in China and Australia.  

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