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Wyeth faces trial over generic Effexor delay
Intellectual Property 2018-06-01 11:21 pm By Miklos Bolza

A decade-long courtroom battle over a patent for Effexor-XR that delayed the release of cheap versions of the anti-depressant is at the centre of a trial starting Monday in Sydney pitting four generic drug makers against pharmaceutical giant Wyeth.

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ACCC rejected $3M settlement offer from CFMEU in secondary boycott case
Competition & Consumer Protection 2018-06-01 11:06 pm By Cat Fredenburgh

The ACCC rejected a $3 million settlement offer in a high-profile case against the Construction, Forestry, Mining, and Energy Union over secondary boycotts, instead taking its chances in a trial that ultimately resulted in a penalty of just $1 million, according to a judgment published Friday.

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Unlockd and loaded: A startup takes on Google
Analysis 2018-06-01 10:21 pm By Christine Caulfield

Unlockdā€™s case against Google is the first action in Australia to test a revamped law prohibiting misuse of market power, and one of the first private cases in the world to challenge Google’s dominance in court. For both sides, the stakes couldn’t be higher.

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Optus wants damages for lost biz after Telstra ‘Unlimited’ ads
Telecommunications 2018-06-01 3:50 pm By Miklos Bolza

Telecommunications company Optus asked a judge Friday to award damages for customers it lost as a result of Telstra’s “Unlimited” ad campaign, which the Federal Court ruled last week was misleading and deceptive.

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Aldi, TWU agree to talks in suit over driver safety claims
Employment 2018-06-01 3:26 pm By Cat Fredenburgh

Supermarket chain Aldi and the Transport Workers Union will sit down for talks in a bid to resolve a lawsuit brought by Aldi accusing the union of misleading conduct through press releases and other statements that claimed the company risked driver safety.

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ANZ, Deutsche Bank, Citigroup face criminal cartel charges
White Collar 2018-06-01 9:57 am By Christine Caulfield

ANZ, Deustche Bank and Citigroup will be hit with criminal charges over an alleged cartel involving the institutional equity placement of ANZ shares that raised $2.5 billion in capital.

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CFMEU appeals ‘flawed’ $2.5M penalty over strike
Employment 2018-05-31 8:46 pm By Miklos Bolza

A ruling imposing a record $2.5 million fine against theĀ Construction, Forestry, Mining and Energy Union had “fundamental flaws”, a lawyer for the union told the Full Federal Court Thursday.

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Protracted ACCC review dooms MYOB, Reckon deal
Competition & Consumer Protection 2018-05-31 1:10 pm By Cat Fredenburgh

MYOB has decided to drop its bid to acquire Reckon’s accounting unit due to the ACCC’s extended regulatory review of the tie-up.

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Unlockd wins bid to stop Google blocking app in Australia
Competition & Consumer Protection 2018-05-31 11:55 am By Cat Fredenburgh

Mobile advertising startup Unlockd won a temporary injunction from the Federal Court Thursday barring Google from blocking its app in Australia until further hearing, in the first case to test revamped misuse of market power laws.

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Apple issued warning in NZ as ACCC trial looms
Competition & Consumer Protection 2018-05-30 9:54 pm By Miklos Bolza

As Apple gears up to face off against the ACCC next month for allegedly misleading iPhone and iPad users about their rights to have faulty devices repaired free of charge, it has received a fresh warning that it may have violated consumer laws, this time in New Zealand, by setting expiry dates on consumer guarantees.

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