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ASIC wins case against Vocation, former execs after 15-month wait for judgment
Securities 2019-05-31 6:21 pm By Miklos Bolza

In a win for the corporate watchdog, a court has found collapsed education provider Vocation engaged in misleading and deceptive conduct and breached its continuous disclosure obligations by failing to inform shareholders of problems with a large government contract.

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State Street reaches settlement with super fund in Fearless Girl trade mark spat
Intellectual Property 2019-05-30 1:29 pm By Christine Caulfield

US asset management firm State Street has dropped its trade mark case against superannuation fund HESTA over its Fearless Girl statue, after HESTA agreed to stop all marketing and promotion involving a replica of the famous New York statue.Ā 

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Farmers can’t use the word ‘oil’ in Montarra oil spill class action, PTTEP says
Class Actions 2019-05-28 8:19 pm By Amelia Birnie

Oil company PTTEP has objected to Indonesian seaweed farmers using the word ā€œoilā€ in their evidence in the Montarra oil spill class action, arguing they are not qualified to identify oil.

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KPMG settles lawsuits by Equititrust liquidators accusing accounting firm of negligence
Restructuring & Insolvency 2019-05-28 3:54 pm By Miklos Bolza

The liquidators of Gold Coast fund manager Equititrust are seeking court approval of a confidential settlement of two proceedings brought against KPMG for allegedly failing to properly audit the firm prior to its collapse.

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ISPs ordered to block sites that ‘rip’ audio from YouTube music videos
Intellectual Property 2019-05-28 3:12 pm By Miklos Bolza

The court has ordered Australia’s biggest internet service providers to block seven websites from “ripping” audio files from music videos on YouTube, in what the judge described as “industrial scale copyright infringement”.

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Competition heavyweights to represent Vodafone, TPG in landmark merger challenge
Competition & Consumer Protection 2019-05-24 9:58 pm By Cat Fredenburgh

Elite competition groups Allens Ā and Herbert Smith Freehills will represent Vodafone and TPG in their lawsuit filed Friday challenging the Australian Competition and Consumer Commission’s opposition to their proposed $15 billion tie-up.

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ACCC loses ‘spoke and hub’ laundry cartel case
Competition & Consumer Protection 2019-05-24 3:58 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has come up short in its appeal of a ruling that found it had produced insufficient evidence of a laundry detergent cartel, in the first so-called hub and spoke case brought by the competition regulator.

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Foxtel appeals ruling over Allens’ missed trade mark deadline
Intellectual Property 2019-05-23 10:51 pm By Cat Fredenburgh

TV giant Foxtel wants another shot at opposing a trade mark by telco China Unicom, after a judge let stand an IP Australia decision refusing to revoke the trade mark when law firm Allens missed a deadline for opposing the mark.

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“I’d be happy to mediate it myself”: Judge cheers talks in Fitch class action
Class Actions 2019-05-23 7:52 pm By Miklos Bolza

Parties in an ongoing four-and-a-half year long investor class action against Fitch Ratings have agreed to a second round of mediation after a prior attempt was adjourned without success.

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CIMIC faces bid for indemnity costs after last-minute subpoenas derailed class action trial
Class Actions 2019-05-21 4:20 pm By Miklos Bolza

The lead applicant in a shareholder class action against global engineering firm CIMIC Group has made a bid for indemnity costs, after a last-minute subpoena of three former executives led to the trial being vacated.

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