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Judge apologises before sending ABC defamation case to mediation
Media 2018-04-20 9:59 pm By Miklos Bolza

A defamation case against the Australian Broadcasting Corporation by Nauru’s Justice Minister David Adeang that was set down for trial in July has been sent to mediation by a busy Federal Court judge, who said he would not be available to hear the trial for another year.

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ASIC gets new powers amid shock admissions at Royal Commission
Securities 2018-04-20 3:03 pm By Cat Fredenburgh

Banks face increased fines for corporate wrongdoing under reforms that also boost the powers of the watchdog amid stunning admissions by financial services firms at the Banking Royal Commission.

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AMP chief quits amid scandal, board hires King & Wood Mallesons
Financial Services 2018-04-20 12:13 pm By Cat Fredenburgh

AMP’s chief executive Craig Meller has resigned after this week’s shocking revelations that the company misled ASIC over fees charged to customers and may have influenced a Clayton Utz report to the securities regulator.

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ACCC should ‘have another look’ at AGL’s Liddell plans, says MP
Energy & Natural Resources 2018-04-19 10:16 pm By Christine Caulfield

Calling on the competition chief to “have another look” at AGL’s decision to shutter its Liddell plant, Liberal MP Craig Kelly says the power company’s conduct makes for a clear case under the new misuse of market power provision of Australia’s competition law.Ā 

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“I’m at the end of my tether”: Ford class action judge vents
Class Actions 2018-04-19 7:54 pm By Miklos Bolza

A Federal Court judge has criticised the lack of progress in a major class action brought against Ford Australia, telling the applicantā€™s barrister to ā€œget his act togetherā€.

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ObjectiVision panned for not monetising University of Sydney patent
Intellectual Property 2018-04-19 7:24 pm By Miklos Bolza

A lawyer for the University of Sydney has attacked ObjectiVision for failing to produce any commercial benefits from the glaucoma detection method at the centre of a patent infringement dispute, despite holding exclusive rights to the technology for 11 years.

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Judge OKs class settlement with Wickham Securities’ trustee
Securities 2018-04-18 10:58 pm By Cat Fredenburgh

A judge has signed off on a multi-million dollar settlement in a class action by retirees who claim they lost $27 million with the collapse of property lender Wickham Securities

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Apotex expert comes under fire at Lexapro patent infringement trial
Intellectual Property 2018-04-18 9:56 pm By Miklos Bolza

Expert witnesses were pitted against each other Wednesday at a trialĀ alleging generic makers infringed a patent covering the anti-depressant Lexapro, and Apotex’ consultant took the brunt of it.

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ASIC confirms AMP probe, as Morrison warns of jail time
Financial Services 2018-04-18 6:29 pm By Christine Caulfield

The corporate regulator has confirmed it is investigating AMP over its ‘fees for no service’ practice revealed at the Hayne Royal Commission in stunning testimony Treasurer Scott Morrison on Wednesday called “deeply disturbing”.

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Settlement release frees Fairfax from 2nd defamation case
Media 2018-04-17 10:35 pm By Christine Caulfield

A judge has dismissed a second defamation case against Fairfax Media brought by an associate of a murdered Sydney businessman, ruling the plaintiff waived his right to sue again after dropping an earlier suit against the publisher for a $75,000 payout.

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