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‘Why do they have to be so precise’: Judge quizzes crypto issuer over class action pleadings
Cryptocurrency 2023-05-30 3:53 pm By Sam Matthews

The judge overseeing a class action against Qoin cryptocurrency issuer BPS Financial and several related companies has questioned the level of precision required of the pleadings, as the company fights theĀ  applicantā€™s bid to amend its case for the fourth time.

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Australian Open ‘let’ device maker hit with $350,000 judgment for patent infringement
Intellectual Property 2023-05-01 12:18 pm By Sam Matthews

A German company and its director have been ordered to pay over $350,000 in damages to the patent holder of a infringing device used to detect ā€˜letsā€™ in tennis that was used at the Australian Open for three years.

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Crypto class action against Qoin issuer trying to bring ‘entirely new’ case, court told
Cryptocurrency 2023-04-20 4:10 pm By Cindy Cameronne

Qoin cryptocurrency issuer BPS Financial is fighting a class action applicantā€™s bid to amend its case for the fourth time, saying it is trying to bring an “entirely new claim”.

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Advanta Seeds wins more time to renew patent after law firm slip-up
Intellectual Property 2023-02-20 3:51 pm By Sam Matthews

Agricultural giant Nufarm has lost its appeal of a decision giving rival Advanta Seeds extra time to pay a renewal fee for its patent for a hybrid plant cell, after an error by its lawyers caused the renewal to fall through the cracks.

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Companies hit with $150,000 penalty for failing to cooperate with AFCA
Financial Services 2023-01-24 6:08 pm By Sam Matthews

Two home finance companies and their father-son directors have been hit with $150,000 in penalties after a judge found they failed to cooperate with the Australian Financial Complaints Authority in an ASIC enforcement action and subjected AFCA staff to ā€œinappropriate and unprofessional behaviour.ā€

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‘ASX Wolf’ trader’s Instagram account was unlicensed financial services biz, court rules
Financial Services 2022-12-20 4:51 pm By Sam Matthews

Gold Coast ā€˜finfluencerā€™ Tyson Scholz provided illegal financial services by giving tips on his Instagram account and to customers who paid for access to his seminars and ā€˜Black Wolf Pitā€™ chat room, a judge has found.

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‘Banks aren’t perfect’: Judge tosses ASIC’s case against CBA over monthly account fees
Financial Services 2022-11-29 4:50 pm By Sam Matthews

ASIC has lost a case accusing the Commonwealth Bank of Australia of hitting customers with $55 million in unauthorised fees, with a judge finding that nearly 1 million customers charged the fees should have known that even banks “sometimes make mistakes”.

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Ultiqa slapped with $900,000 penalty for timeshare sales tactics
Competition & Consumer Protection 2022-10-17 2:42 pm By Sam Matthews

A judge has ordered timeshare company Ultiqa Lifestyle Promotions to pay a $900,000 penalty for cornering consumers into investing thousands in a timeshare scheme that many could not afford.

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Judge throws out ASIC evidence on tweets in ASX Wolf Trader’s case
ASIC 2022-10-05 4:48 pm By Cindy Cameronne

The self-declared ā€œwolf traderā€ of the Gold Coast, Tyson Scholz, has won his bid to exclude ASICā€™s evidence about the meaning of his tweets in its case accusing him of providing unlicensed financial services.

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Full Court upholds validity of Pfizer’s Dynastat patent
Intellectual Property 2022-09-30 4:58 pm By Cindy Cameronne

A judge has thrown out competing appeals of a decision finding Pfizer’s patent for its post-operative injectable painkiller Dynastat is valid and that Australian drug maker Juno Pharmaceuticals infringed the patent by selling generic versions of the drug in Australia.

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