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Microsoft comes up short in IP retrial after ‘regrettable’ $2.8M judgment
Intellectual Property 2022-10-05 6:30 pm By Sam Matthews

A judge has dismissed the majority of Microsoftā€™s six-year-old intellectual property suit against a Melbourne computer retailer over its Windows 7 software, which previously netted the Silicon Valley giant a $2.8 million payout from Judge Sandy Street that was slammed as a “regrettable” judicial failure.

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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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ANZ denies firing ex-money markets head over sexual harassment, APRA reporting complaints
Financial Services 2022-10-05 3:43 pm By Sam Matthews

The Australian and New Zealand Banking Group has hit back at allegations by its former head of money markets that he was sacked for making complaints about sexual harassment by senior managers at the bank and false reporting to the prudential regulator.

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Court appoints liquidator to litigation funder after claims of misuse of funds
Restructuring & Insolvency 2022-10-05 1:41 pm By Cindy Cameronne

Liquidators have been appointed to a litigation funder behind a funding agreement ripped up by the court last year that would have given it a hefty 85 per cent commission.

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ā€˜Blood out of a stoneā€™: Class action settlement no big pay day for IPO Wealth investors
Class Actions 2022-10-04 2:22 pm By Sam Matthews

Investors in Mayfair Groupā€™s collapsed IPO Wealth Fund are set to recoup only a fraction of their alleged $67 million losses in a best-case settlement of a class action alleging the fundā€™s trustee misled unit holders.

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Humm points finger at Forum Finance in SMBCā€™s $34M lawsuit
White Collar 2022-10-04 11:40 pm By Cindy Cameronne

Fintech Humm has admitted to making ā€œmisrepresentationsā€ to Japanese bank SMBC over allegedly worthless receivables linked to Forum Finance but has denied it was negligent, claiming a Forum Group unit should share the burden of paying any damages in the $33.6 million lawsuit.

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Crown wants contradictor to fight class action’s GCO application
Class Actions 2022-10-04 3:31 pm By Sam Matthews

Crown Resorts has asked the court to appoint a contradictor to fight against a group costs order sought in shareholder class action accusing the casino giant of lax anti-money laundering compliance over a six-year period.

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University of Melbourne admits manager called academic ‘self-entitled Y-gennerā€™
Employment 2022-10-04 4:31 pm By Sam Matthews

The University of Melbourne has hit back at the Fair Work Ombudsmanā€™s allegations that it took adverse action against two casual academics to prevent them from claiming payment for extra hours worked, but admitted a supervisor penned an email referring to one of them as a ā€œself-entitled Y-gennerā€.

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Foxtel loses six-year battle with Cognizant unit over digital download patent
Intellectual Property 2022-10-04 4:31 pm By Sam Matthews

Cable TV giant Foxtel has lost a protracted IP battle with subsidiary of global tech giant Cognizant over a digital download patent for a modern DVR system.

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Judge declasses Wilson Security class action over objections from group members
Class Actions 2022-10-04 3:32 pm By Sam Matthews

Despite objections from numerous group members, a judge has tossed an underpayments class action brought by a self-represented applicant against Wilson Security, ruling that class actions should not be run without lawyers.

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