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ASIC opens Whitebox trial, keeps judge on toes
Securities 2018-07-02 11:06 pm By Miklos Bolza

The trial in ASIC’s complex share market manipulation action against Whitebox Trading began Monday, with an opening submission by the corporate regulator that at times had even the presiding judge scratching his head.

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7-Eleven can make private settlement offers to class members, court says
Class Actions 2018-07-02 10:50 pm By Cat Fredenburgh

A judge has found 7-Eleven is free to make confidential settlement offers to individual members in two class actions brought by franchisees, shooting down a bid by the applicants’ lawyers to get the court involved in the convenience store giant’s communications with class members.

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V Energy maker sees red, loses colour trademark battle with Coke
Intellectual Property 2018-07-02 10:39 pm By Christine Caulfield

The maker of V Energy drinks has lost a fight to trademark the shade of green used on its cans and labels, with a judge agreeing with rival Coca-Cola that the colour was descriptive, not distinctive.

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Cash Converters must answer questions on tax treatment of brokerage fees
Class Actions 2018-07-02 10:30 pm By Cat Fredenburgh

A Federal Court judge has ordered Cash Converters to provide answers to how it treated its brokerage fees for tax purposes, as it faces new class action allegations that the brokerage fees it charged individuals who took out pay day loans were actually for services it received.

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Commonwealth Bank hit with new class action over money-laundering breaches
Class Actions 2018-07-02 4:00 pm By Cat Fredenburgh

Commonwealth Bank of Australia is facing a second shareholder class action after agreeing to fork over $700 million to settle anti-money laundering claims by the government’s financial intelligence agency.

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Saputo unit agrees to fix contract terms after ACCC raises concerns
Competition & Consumer Protection 2018-07-02 2:05 pm By Cat Fredenburgh

A unit of dairy giant Saputo has agreed to amend the terms of its contracts with dairy farmers, in the wake of calls by the ACCC for a mandatory code of conduct to level the playing field between dairy farmers and milk processors. 

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Mattel tells court transformable toys nothing new
Intellectual Property 2018-06-29 11:50 pm By Cat Fredenburgh

Toy giant Mattel is fighting back against claims that its Mecard toys violate Canadian toy company Spin Master’s patent for a toy transformation mechanism, claiming transformable toys are nothing new and that Spin Masters’ patent is invalid.

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D’Aquino Bros served suit for ‘flagrant’ infringement of Scotch Whisky trade mark
Intellectual Property 2018-06-29 10:49 pm By Miklos Bolza

Liquor distributor D’Aquino Bros has been taken to court again, accused for the fourth time of “flagrant” trade mark infringement for continuing to sell products under the name, Scotch Whisky.

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Murray Goulburn class can’t get docs to pursue Herbert Smith Freehills
Class Actions 2018-06-29 10:36 pm By Miklos Bolza

The lead applicant in a class action against Murray Goulburn has lost a bid for access to documents showing the dairy cooperative’s trust consulted with a QC about possible negligence claims against Herbert Smith Freehills.

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CrownBet was ‘controlling mind’ behind Betstar cybersquatting: WIPO
Intellectual Property 2018-06-29 9:58 pm By Cat Fredenburgh

The World Intellectual Property Organisation has found bookmaker CrownBet was the “controlling mind” behind the cybersquatting of four domains that allegedly violated rival Betstar’s trade marks.

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