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ISignthis seeks $27M in damages from ASX
Article 2020-06-23 10:02 pm By Cat Fredenburgh

ISignthis is ramping up its battle against the ASX, seeking court approval to amend its lawsuit against the exchange to seek more than $27 million in damages for its alleged misleading and deceptive conduct.

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GetSwift drafted correction to misleading ASX announcement, never released it, director says
Trials 2020-06-23 8:55 pm By Miklos Bolza

A former director of GetSwift has given evidence at trial in ASIC’s case against the logistics provider that the company drafted a correction to a misleading ASX announcement about a deal with fruit and milk delivery provider Fruit Box but never released it.

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Ex-Quantum Resources CEO charged with insider trading
White Collar 2020-06-23 5:46 pm By Alison Eveleigh

The former company director and CEO of gold exploration company Quantum Resources has been charged with insider trading.

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Court allows debt-laden Thai Airways to temporarily avoid Australian asset seizure
Restructuring & Insolvency 2020-06-23 5:21 pm By Miklos Bolza

A court has granted a bid by two directors of Thai Airways to preserve the airline’s Australian assets as the company, which was hit hard due to the COVID-19 pandemic, undergoes an urgent restructure in Thailand.

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Witness in ex-Quintis director’s trial must give evidence in person, judge says
White Collar 2020-06-23 5:16 pm By Cat Fredenburgh

In a defeat to the Australian Securities and Investments Commission, a judge has found a key witness in the trial against former Quintis director Frank Wilson must give evidence in person, delaying the hearing indefinitely until coronavirus-related travel restrictions are lifted.

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ASIC takes action against CBA over banned super payments
Financial Services 2020-06-23 3:51 pm By Alison Eveleigh

The Australian Securities and Investment Commission has launched proceedings against the Commonwealth Bank of Australia and its subsidiary Colonial First State Investments over the alleged payment of conflicted remuneration for a superannuation product jointly developed by the financial giants.

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Dodo and iPrimus dragged to court by ACCC over broadband speed claims  
Competition & Consumer Protection 2020-06-23 3:42 pm By Alison Eveleigh

Telecommunications companies Dodo and iPrimus are facing court proceedings by the Australian Competition and Consumer Commission for allegedly making false or misleading claims about the NBN broadband speeds their customers could achieve during busy evening hours.

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Tribute burger ‘Sizzler’ comes under fire from restaurant giant
Intellectual Property 2020-06-22 11:03 pm By Cat Fredenburgh

Casual dining pioneer Sizzler has served up a trade mark lawsuit over an eponymous burger sold by a Brisbane-based burger chain and marketed as an “ode to the cultural icon”.

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Court invalidates Caffitaly coffee capsule patents, tosses infringement case against rival
Intellectual Property 2020-06-22 8:29 pm By Miklos Bolza

Coffee capsule machine manufacturer Caffitaly has suffered a significant loss in its intellectual property case against a rival, with the Federal Court dismissing its infringement claims and revoking three of its patents in a single shot.

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Trial judge urges common sense in ASIC case against GetSwift
Securities 2020-06-22 4:58 pm By Miklos Bolza

A judge has dismissed a defensive bid by ASIC to amend its case against GetSwift mid-trial, instead calling on “common sense” to be injected into the proceeding as the hearing enters its second week.

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