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ACCC delays decision on MYOB, Reckon merger
Competition & Consumer Protection 2018-04-20 10:45 am By Cat Fredenburgh

The ACCC has delayed it decision on MYOBā€™s proposed bid for Reckonā€™s accounting unit while it waits for information, after the regulator raised concerns about how the merger would affect competition in the accounting software market.

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ACCC should ‘have another look’ at AGL’s Liddell plans, says MP
Energy & Natural Resources 2018-04-19 10:16 pm By Christine Caulfield

Calling on the competition chief to “have another look” at AGL’s decision to shutter its Liddell plant, Liberal MP Craig Kelly says the power company’s conduct makes for a clear case under the new misuse of market power provision of Australia’s competition law.Ā 

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“I’m at the end of my tether”: Ford class action judge vents
Class Actions 2018-04-19 7:54 pm By Miklos Bolza

A Federal Court judge has criticised the lack of progress in a major class action brought against Ford Australia, telling the applicantā€™s barrister to ā€œget his act togetherā€.

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ObjectiVision panned for not monetising University of Sydney patent
Intellectual Property 2018-04-19 7:24 pm By Miklos Bolza

A lawyer for the University of Sydney has attacked ObjectiVision for failing to produce any commercial benefits from the glaucoma detection method at the centre of a patent infringement dispute, despite holding exclusive rights to the technology for 11 years.

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IP Australia rejects SNF challenge to BASF mining patent
Intellectual Property 2018-04-19 1:51 pm By Cat Fredenburgh

The Australian Patent Office has shot down a challenge by SNF to a BASF application for a mining patent.

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Judge cuts Squire Patton Boggs, Piper Alderman fees in $19M Arasor deal
Securities 2018-04-18 11:37 pm By Cat Fredenburgh

A judge has signed off on a $19.25 million settlement in a shareholder class action brought against directors of defunct laser technology company Arasor International Ltd and partners in auditing firm Grant Thornton South Australia, but cut the legal fees of Squire Patton Boggs and Piper Alderman by $250,000.

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Judge OKs class settlement with Wickham Securities’ trustee
Securities 2018-04-18 10:58 pm By Cat Fredenburgh

A judge has signed off on a multi-million dollar settlement in a class action by retirees who claim they lost $27 million with the collapse of property lender Wickham Securities

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Apotex expert comes under fire at Lexapro patent infringement trial
Intellectual Property 2018-04-18 9:56 pm By Miklos Bolza

Expert witnesses were pitted against each other Wednesday at a trialĀ alleging generic makers infringed a patent covering the anti-depressant Lexapro, and Apotex’ consultant took the brunt of it.

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ASIC confirms AMP probe, as Morrison warns of jail time
Financial Services 2018-04-18 6:29 pm By Christine Caulfield

The corporate regulator has confirmed it is investigating AMP over its ‘fees for no service’ practice revealed at the Hayne Royal Commission in stunning testimony Treasurer Scott Morrison on Wednesday called “deeply disturbing”.

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Former NAB adviser banned for stealing $2 million from clients
Financial Services 2018-04-18 12:50 pm By Cat Fredenburgh

A former NAB financial adviser has been permanently banned from providing financial services after an ASIC investigation found he fleeced clients out of at least $2 million.

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