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A2 Milk takes Lion Dairy to court over ‘True A2’ trade mark
Intellectual Property 2019-06-27 2:07 pm By Cat Fredenburgh

The A2 Milk Company is appealing a ruling that granted rival Lion Dairy’s opposition to its application to trade mark the phrase ‘True A2″ for its milk products, as it combats efforts by other milk companies to block it from using marks that allegedly imply its products have unique characteristics.

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Palla Pharma to pay $1.125M to settle lawsuit over codeine poppy patents
Intellectual Property 2019-06-27 11:57 am By Cat Fredenburgh

Poppy processor Palla Pharma has agreed to pay $1.125 million to rival Tasmanian Alkaloids t0 settle a lawsuit alleging infringement of two innovation patents for high codeine-concentrated poppy.

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ACCC appeals loss in case over Pacific National, Aurizon terminal deal
Competition & Consumer Protection 2019-06-27 9:58 am By Christine Caulfield

The Australian Competition and Consumer Commission is appealing the dismissal of its case over Pactific National’s purchase of Aurizon’s Acacia Ridge Terminal in Queensland, challenging the Federal Court’s power to accept Pacific National’s last-minute promise to ensure access to the major freight terminal by competitors.

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Lawyer tries to question costs in Sirtex class action settlement
Class Actions 2019-06-26 8:21 pm By Amelia Birnie

A self-described “vigilant lawyer against big companies” has attempted to make submissions regarding the costs incurred in the Sirtex shareholder class action settlement, with legal fees and funders’ commissions chewing up half of the $40 million settlement figure. Maurice Blackburn took the lead after two shareholder class actions relating to the biotech company’s revised sales…

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Third time unlucky: Mortgage firm loses another bid to stifle derivative suit over Macquarie sale
Securities 2019-06-26 2:25 pm By Amelia Birnie

An appeals court has dismissed a third attempt by directors of mortgage aggregator Connective Group to stifle a shareholder’s derivative lawsuit over a restructure that allowed the sale of 25 per cent of its business to Macquarie Bank.

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AMP hit with second class action over ‘excessive’ superannuation fees
Class Actions 2019-06-26 2:08 pm By Cat Fredenburgh

AMP is a facing a second class action for allegedly charging excessive fees on more than two million superannuation accounts, setting up another potential class action beauty pageant.

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Aboriginal art supplier fined $2.3M for duping customers with fakes
Competition & Consumer Protection 2019-06-26 1:26 pm By Christine Caulfield

A judge has fined an Aboriginal art and souvenir supplier a total of $2.3 million after ruling that the Queensland-based company, which is now in liquidation, misled consumers about the origin of its products.

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Red Rich Fruits amends contracts with growers amid ACCC concerns
Competition & Consumer Protection 2019-06-25 5:25 pm By Amelia Birnie

Australian fresh fruit trader Red Rich Fruits has agreed to change potentially unfair contract terms that forced growers to provide credits for rejected fruit, amid concerns by the Australian Competition and Consumer Commission of widespread non-compliance in the industry.

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Clive Palmer’s co. faces setback in winding up battle over Queensland time-share scheme
Restructuring & Insolvency 2019-06-25 4:54 pm By Amelia Birnie

A judge has refused to separately hear an application by a Clive Palmer-controlled company to wind up a time-share scheme at Queensland’s Palmer Coolum Resort, describing the bid as an attempt by the company to avoid making admissions about its conduct, which allegedly resulted in the “death of the resort”.

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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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