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Commonwealth Bank to pay $25 million to settle rate rigging case
Financial Services 2018-05-09 2:39 pm By Christine Caulfield

Commonwealth Bank has agreed to pay $25 million to settle claims by the securities regulator that it manipulated the bank bill swap rate.

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ACCC scolded by judge for deceptive evidence gathering in Apple case
Competition & Consumer Protection 2018-05-08 9:19 pm By Cat Fredenburgh

A Federal Court judge has found the ACCC used deceptive and improper means to obtain evidence in its consumer protection case against Apple alleging iPhone and iPad users were misled about their rights, but stopped short of throwing the evidence out.

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Clerical error that gave trade marks to rival must be fixed, court hears
Intellectual Property 2018-05-08 9:14 pm By Miklos Bolza

A 17-year-old error that removedĀ industrial filter manufacturer Vokes as the registered owner of its trade marks was at the centre of a Federal Court appeal hearing Tuesday over the extent of a Registrar’s discretion to correct mistakes.

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Employment action against Airservices stalls over scope of class
Employment 2018-05-08 8:48 pm By Miklos Bolza

Just who is entitled to join a Fair Work action against Airservices Australia is still up in the air, a court heard Tuesday, with lawyers clashing over the scope of the employee class five months after the case was filed.

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AMP’s three female non-executive directors step down
Financial Services 2018-05-08 6:16 pm By Christine Caulfield

Facing shareholder wrath in the wake of the Royal Commission’s damning revelations, AMP’s three female non-executive directors stepped down on Tuesday.

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Judge prods VW to name employees who OKd emissions cheat software
Competition & Consumer Protection 2018-05-08 4:23 pm By Miklos Bolza

Volkswagen has been ordered for a third time to provide the court with the names of employees who were involved in approving the emissions cheat software that’s at the center of litigation by Australia’s consumer regulator and several class actions against the German car maker.

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Fairfax hit with contempt order over Domain app ads
Real Estate 2018-05-07 10:47 pm By Cat Fredenburgh

Fairfax Media has been fined and hit with a contempt of court order for reneging on its promise to refrain from advertising its Domain business as “the #1 property app in Australia” while a consumer protection case brought against it by realestate.com.au owner REA Group was ongoing.

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JB Hi-Fi cops earful from ASX over buried profit downgrade
Securities 2018-05-07 10:41 pm By Christine Caulfield

JB Hi-Fi has been grilled by the Australian Stock Exchange after slipping news of an earnings downgrade into a presentation at an investment conference.

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Moccona maker pours cold water on Nestle coffee machine patent
Intellectual Property 2018-05-07 9:42 pm By Miklos Bolza

The company behind Moccona instant coffee has succeeded in its opposition to a patent by rival Nestle’s research and development arm, Nestec, for an automated coffee preparation machine.

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Judge signs off on QBE’s $133M class action settlement
Class Actions 2018-05-07 9:19 pm By Miklos Bolza

A Federal Court judge has given the all-clear to a $132.5 million offer by QBE to settle a class action by shareholders angry about a $5 billion stock market wipeout for the insurance provider.

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