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Biogen sues Pharmacor over patent for MS drug Tecfidera
Intellectual Property 2021-08-10 5:02 pm By Miklos Bolza

Swiss pharmaceutical company Biogen has filed another lawsuit accusing an Australian generic drug manufacturer of infringing the patent for its blockbuster multiple sclerosis drug Tecfidera.

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Judge won’t allow Ampol on site to rebrand Caltex stores
Intellectual Property 2021-08-10 6:46 pm By Cindy Cameronne

Service station giant Ampol has lost its bid to force petrol station chain EG Fuel Co to allow it access to 87 Caltex sites so they can be rebranded to Ampol stations, with a judge finding it would cause EG “obvious disruption”.

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Gambling addict sues Crown Melbourne over $4.5M loss
Competition & Consumer Protection 2021-08-10 7:02 pm By Bianca Hrovat

A high roller with a severe gambling addiction has taken Crown Melbourne to court, alleging the casino’s “predatory” practices caused him to lose more than $4.5 million over three and a half years.

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Westpac’s $30M insurance class action settlement wins court approval
Class Actions 2021-08-09 8:42 pm By Miklos Bolza

The Federal Court has given the greenlight to a $30 million settlement in Shine Lawyers’ insurance class action against Westpac and will allow post-settlement registration notices to be sent to group members.

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Court cuts silk’s fees in Westpac class action
Class Actions 2021-08-09 3:23 pm By Miklos Bolza

The former senior counsel in a settled insurance class action against Westpac has had his fees reduced by $70,000 after the Federal Court heard some of the work for which he charged was not done in the interests of group members.

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PwC can’t shut down class action against over $50M bond prospectus
Accounting 2021-08-09 8:57 pm By Cindy Cameronne

PricewaterhouseCoopers has lost its bid to shut down a class action launched by bondholders of collapsed asset finance lender Axsesstoday Limited over alleged misrepresentations in a $50 million bond offer.

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IOOF may face new misconduct allegations in shareholder class action
Class Actions 2021-08-09 10:20 pm By Bianca Hrovat

The applicant in a shareholder class action against IOOF wants to add ten new misconduct allegations, including that a relative of a former executive made $69,000 by offloading shares.

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Crown class action over Chinese arrests can’t block SkyCity share price evidence
Class Actions 2021-08-09 5:17 pm By Cindy Cameronne

SkyCity’s announcement to shareholders about an employee’s interrogation by Chinese gambling authorities made little difference to the NZ casino operator’s share price, Crown Resorts has told a court in expert evidence ahead of a looming class action trial.

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Energy Beverages files ‘Mother’ of an appeal against trade mark decision
Intellectual Property 2021-08-09 10:29 pm By Bianca Hrovat

A high-energy trade mark dispute has gone to the Federal Court after the maker of Mother energy drinks lost its bid before IP Australia to prevent a Victoria-based company from registering Kangaroo Mother as a trade mark for beverages.

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Judge wants to hear AUSTRAC class actions against CBA before he retires, literally
Class Actions 2021-08-06 11:17 pm By Cindy Cameronne

The judge overseeing class actions against Commonwealth Bank over its money laundering compliance failures has threatened to force the parties to go to trial by a certain date if they can’t agree to “sensible” time limits to ready the case for hearing, noting he would reach retirement age in 2024.

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