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TPI agrees to stop selling high codeine poppy seed, for now
Intellectual Property 2019-02-12 9:37 pm By Cat Fredenburgh

Poppy processor TPI Enterprises has agreed to stop selling seed from high codeine poppy plants while it defends a lawsuit by rival Tasmanian AlkaloidsĀ alleging TPI infringed two of its innovation patents for high codeine-concentrated poppy.

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Cryptocurrency exchange provider fined for continuous disclosure breach
Securities 2019-02-12 4:41 pm By Miklos Bolza

Technology solutions firm Byte Power Group has paid a $33,000 penalty for violating its continuous disclosure obligations by telling shareholders a proposed cryptocurrency exchange was “well advanced” when development yet to begin.

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Mining exec gets 18 months for insider trading
White Collar 2019-02-11 10:02 pm By Cat Fredenburgh

A former mining executive has been sentenced to 18 months in prison for buying shares in ASX-listed Minotaur Exploration based on information gleaned through a joint venture with the mining exploration company.

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Cryosite offers $1M to resolve ACCC’s first ‘gun-jumping’ case
Competition & Consumer Protection 2019-02-11 9:31 pm By Christine Caulfield

Biotech company Cryosite has agreed to pay $1.05 million to settle the competition regulator’s landmark case alleging it jumped the gun on a proposed merger agreement with rival Cell Care.

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Wavetrain wants court muzzle on competitor’s bad-mouthing over IP
Intellectual Property 2019-02-11 6:58 pm By Miklos Bolza

Railway technology company Wavetrain Systems has asked the court to bar a competitor started by its former CEO from making allegedly false claims about its patented rail safety devices to clients.

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Macquarie advisers who doctored emails win appeal of ASIC’s 10-year bans
Financial Services 2019-02-08 11:19 pm By Christine Caulfield

Two Macquarie Private Wealth advisers have won their appeal of an order by the Australian Securities and Investments Commission that banned them for 10 years for falsifying emails and misclassifying client advice.

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AFT not ready to take its medicine for ‘misleading’ Maxigesic ads
Appeals 2019-02-08 10:54 pm By Cat Fredenburgh

AFT Pharmaceuticals has launched a partial challenge to a court ruling that its Maxigesic ads made a number of misleading claims, including thatĀ the drug provides stronger and more effective relief than ReckittĀ Benckiser’s Nuromol.

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Clive Palmer hit with copyright suit by Universal Music over Twisted Sister song
Intellectual Property 2019-02-08 10:33 pm By Christine Caulfield

Clive Palmer is facing the music after riffing off Twisted Sister’s 1980s anthem ‘We’re Not Gonna Take It’ in his election campaign ads, with Universal Music lodging a copyright infringement case against the aspiring MP.

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Sanofi slams judge’s harm assessment in denying injector pen injunction
Intellectual Property 2019-02-08 9:39 pm By Miklos Bolza

A judge that rejected a bid by Sanofi-Aventis for an injunction blocking rival Alphapharm from listing an insulin injector pen on the PBS erred in his consideration of the harm it would face, the drug giant has told the Full Federal Court.

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ASIC targets AMP execs in fees for no service probe, court told
Financial Services 2019-02-08 9:13 pm By Christine Caulfield

AMP executives are the focus of the Australian Securities and Investments Commission’s investigation of the wealth management firm’s fees for no service scandal, a court heard Friday.

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