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High Court to weigh in on penalties for foreign bribery violations
High Court 2022-11-17 11:49 pm By Cat Fredenburgh

The High Court has agreed to hear prosecutors’ appeal of a “manifestly inadequate” $1.35 million penalty against an engineering firm for bribing foreign officials in Vietnam to secure $10 million in infrastructure contracts.

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Blue Star Helium’s former CEO stuck with ban after High Court rejects appeal
Appeals 2022-11-17 9:16 pm By Cat Fredenburgh

The High Court has turned down the appeal of the former Blue Star Helium CEO who was hit with a $40,000 penalty and four-year ban after the company failed to disclose to shareholders the identity of the buyer behind a botched sale of Texas oil assets.

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Ex-Tesla Australia director pleads guilty to insider trading
White Collar 2022-11-16 2:12 pm By Cat Fredenburgh

A former Tesla Motors Australia director has pleaded guilty to two counts of insider trading for acquiring shares in Piedmont Lithium based on insider information he had about an in-principle agreement the mining company had to supply lithium to Tesla.

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Class action firms circle Medibank over cyberattack
Class Actions 2022-11-14 12:23 pm By Cat Fredenburgh

Medibank is facing another class action investigation over a massive data breach that left the personal information of almost 10 million customers exposed, just days after criminals began publishing sensitive customer health data.

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KPMG dodges ‘very late’ claims in Gunns class action
Class Actions 2022-11-14 10:53 pm By Cat Fredenburgh

A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania can’t add new claims against the accounting firm three months out from trial.

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Novartis, Pharmacor resolve suit over Gilenya patents
Intellectual Property 2022-11-14 1:42 pm By Cat Fredenburgh

Novartis and and generic drug maker Pharmacor have resolved litigation over the Swiss pharmaceutical giant’s patents for blockbuster MS drug Gilenya.

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End of the road for AI inventions, as High Court rejects patent appeal
Intellectual Property 2022-11-11 6:49 am By Cat Fredenburgh

The High Court will not wade into the global debate over whether artificial intelligence inventions should receive patent protection, letting stand a Full Court judgment that overturned a landmark victory for AI pioneer Dr Stephen Thaler.

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Court slaps Smile Direct Club with $3.5M penalty for misleading insurance claims
Competition & Consumer Protection 2022-11-11 6:12 am By Cat Fredenburgh

A judge has ordered Smile Direct Club and its Australian unit to pay a $3.5 million penalty and reimburse customers for misleading them into believing they would be reimbursed by their insurers for the dental care company’s costly teeth straighteners.

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High Court won’t hear Gatto bid to revive defamation case against ABC
Defamation 2022-11-11 7:23 am By Cat Fredenburgh

The High Court has rejected a special leave application by underworld figure Mick Gatto seeking to revive defamation claims against the ABC over an article which he said accused him of threatening to kill gangland lawyer Nicola Gobbo.

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Bill ushering in $50M penalties for privacy breaches clears hurdle
Policy and Regulation 2022-11-09 11:19 pm By Cat Fredenburgh

Legislation introduced in the wake of massive cyberattacks against Optus and Medibank that will increase penalties for serious privacy law violations to $50 million has sailed through the House just two weeks after being introduced.

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