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Quinn Emanuel withdraws as class action reps after funder challenges fees
Class Actions 2018-04-30 4:18 pm By Christine Caulfield

Quinn Emanuel has been forced to bow out as class action counsel in a case against Bank of Queensland after litigation funder Vannin Capital called for the law firm’s $4 million fee to be challenged.

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ACCC calls for mandatory dairy code of conduct
Competition & Consumer Protection 2018-04-30 3:22 pm By Cat Fredenburgh

Australia’s consumer regulator has called for a mandatory code of conduct to address the power imbalances along the dairy supply chain, a move opposed by dairy processors.

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Brennar resigns, GC out amid Clayton Utz report controversy
Financial Services 2018-04-30 12:01 pm By Christine Caulfield

AMP’s chairwoman Catherine Brennar has resigned and the firm’s general counsel has left, as the company faces possible criminal charges for misleading the corporate regulator over its decade-long practice of charging undue fees to clients.

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Judge invalidates Encompass’ software patents
Intellectual Property 2018-04-27 11:27 pm By Miklos Bolza

Financial software company Encompass Corp., which lost its patent infringement case against technology firm InfoTrack, and lost its patents in the process, should pay just 30% of InfoTrack’s costs, the Federal Court has been told.

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AMP could face criminal charges, Royal Commission hears
Financial Services 2018-04-27 11:24 pm By Christine Caulfield

AMP could be hit with criminal charges after counsel assisting the Royal Commissioner said Friday evidence before the commission had shown the wealth management firm may have broken the law when it charged fees for no service, lied about the practice to ASIC, and presented a heavily-edited Clayton Utz report to the corporate regulator as independent.

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Ex-CEO of Snowy 2.0 project says warrants in bribery case ‘defective’
White Collar 2018-04-27 10:41 pm By Miklos Bolza

The former CEO of the lead contractor on the Snowy Hydro 2.0 project now facing corruption charges was the target of Australian Federal Police search warrants that were “too broad” to be sufficient, the Federal Court was told on Friday.

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Briefly: Carl Zeiss sues over lens patent
Intellectual Property 2018-04-27 10:30 pm By Cat Fredenburgh

German optical device manufacturer Carl Zeiss has sued C.R. Surfacing Laboratories for allegedly violating one of its lens patents.

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Ex-Storm Financial execs appeal penalty
Securities 2018-04-27 10:19 pm By Cat Fredenburgh

The former directors of defunct financial advisory firm Storm Financial have filed an appeal after the Federal Court slapped them each with a $70,000 fine and banned them from managing corporations for seven years.

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ACTU wants new powers for workplace umpire
Employment 2018-04-27 9:46 pm By Christine Caulfield

Unions are calling for the Fair Work Commission to be given the authority to arbitrate industrial disputes and become a “one-stop shop” for workplace grievances.

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Roadshow wins bid to block piracy sites
Intellectual Property 2018-04-27 9:46 pm By Cat Fredenburgh

A Federal Court judge has ordered Telstra, Optus, Vocus and TPG to block 16 online sites for pirated content. 

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