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ASIC takes AMP to court over insurance policy churn
Financial Services 2018-06-27 10:35 pm By Christine Caulfield

AMP’s financial planning unit was hit Wednesday with an enforcement action by the corporate regulator alleging its planners generated extra commissions by replacing, rather than transferring, life insurance policies for existing clients.

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Herbert Smith Freehills wins case over United’s failed IPO
Corporate 2018-06-26 11:50 pm By Christine Caulfield

Herbert Smith Freehills has prevailed in a suit by United Petroleum alleging the law firm and former United chairman Martin Hudson breached their duties to the company when they pulled a planned initial public offering in 2016.

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ACCC takes Pfizer competition case to High Court
Appeals 2018-06-25 3:47 pm By Christine Caulfield

The Australian Competition and Consumer Commission is seeking special leave from the High Court to appeal a ruling in a case alleging drug giant Pfizer misused its market power ahead of the expiration of its patent for Lipitor.

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Unlockd’s administrators weigh litigation funding to continue Google case
Competition & Consumer Protection 2018-06-25 12:39 pm By Christine Caulfield

Unlockd’s administrators are weighing whether and how to continue the failed company’s legal fight with Google and have won a reprieve from a second meeting of creditors while they consider the options, which include third-party litigation funding.

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Fair Work Ombudsman loses bid for hefty fine in MUA strike case
Employment 2018-06-21 11:16 pm By Christine Caulfield

The Fair Work Ombudsman lost its argument for $4.1 million in penalties against the CFMMEU for industrial action at shipping terminals in Sydney and Brisbane, with a judge instead fining the union just $38,000.

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Toys ‘R’ Us to close after administrators fail to find buyer
Restructuring & Insolvency 2018-06-20 10:56 pm By Christine Caulfield

Toys ‘R’ Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.

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Domino’s can’t raise Uber patent in battle over GPS tracking
Intellectual Property 2018-06-19 10:09 pm By Miklos Bolza

A judge has served up a loss for Domino’s Pizza in its ongoing IP battle with Australian tech startup Precision Tracking, dismissing the company’s bid to bolster its case with an Uber patent. 

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Aussie acai berry co. denies stealing rival’s story
Competition & Consumer Protection 2018-06-19 5:40 pm By Christine Caulfield

An Australian acai berry company has hit back at accusations it co-opted the pioneering narrative of US acai berry bowl maker Sambazon to promote a competing business.

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CFMEU ‘bleeding dry’ two union whistleblowers, lawyer says
Employment 2018-06-19 1:35 pm By Miklos Bolza

A lawyer for two sacked CFMEU officials has accused Australia’s biggest union of “bleeding dry” his whistleblower clients after it vowed in court Tuesday to fight the consolidation of three cases against it.

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Canadian poppy coin invalidates own patent, Australia tells court
Intellectual Property 2018-06-18 10:58 pm By Miklos Bolza

The Australian Government has revealed its “knockout claim” in an international IP dispute, accusing the Royal Canadian Mint of invalidating its own patent for printed coins by distributing the coins prior to the patent being filed.

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