iiNet takes $4m legal hit on copyright case

 

Closing stretch of case.

ISP iiNet has revealed that it will absorb $4 million in net legal costs to defend its copyright case against the film industry.

In a presentation to shareholders at yesterday's annual general meeting, managing director Michael Malone provided the first guidance on legal costs.

He said that the first half of the 2010 financial year would be "impacted by legal costs in relation to defence of copyright lawsuit".

He said the costs were a "one-off" and represented "total costs in the period net of insurance receipts for the defence of the copyright case."

The case resumes in the Federal Court in Sydney tomorrow, when Justice Cowdroy is expected to hand down his decision on whether to admit the Internet Industry Association as a ‘friend of the court'.

It followed a brief - but heated - appearance on the witness stand by the association's chief executive Peter Coroneos yesterday afternoon - which resulted in the film industry's barrister proclaiming the IIA could add "nothing new" to the case.

Thursday is the last sitting day for the case before it is adjourned for the judge to make a decision.

However, a decision on the case - including any damages amount if iiNet is found to be in breach of copyright - is not expected for at least six months.


iiNet takes $4m legal hit on copyright case
 
 
 
Top Stories
Soft drinks and SoftLayer: A solution for hard times?
Coca-Cola Amatil's CIO Barry Simpson shares his story of cost-cutting, outsourcing and why his software developers to ride around in delivery trucks.
 
Optus considers breaking net neutrality in Australia
May charge Netflix, OTT providers for premium service.
 
AGL restructure sees CIO depart
Owen Coppage to leave after ten years.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest articles on BIT Latest Articles from BIT
Small business win in a budget with 'fair' savings: Abbott
Apr 17, 2015
Tony Abbott has reaffirmed that the government’s aim is “always to get taxes ...
Xero now includes an inventory function built-in
Mar 26, 2015
Xero has added inventory and other major new features to the latest release of its cloud ...
Apple reveals its new MacBook
Mar 13, 2015
Replacing the MacBook Air as Apple's thinnest laptop, the new MacBook comes packed with features.
Xero has released a new version of its app for the iPad
Mar 6, 2015
iPad-wielding Xero users can now take advantage of a new version of the iOS app for the cloud ...
Microsoft is offering Azure for Disaster Recovery to Australian SMBs
Feb 10, 2015
If you haven't talked to your IT provider about disaster recovery, it might be worth discussing ...
Latest Comments
Polls
Do you support the Government's data retention scheme?

   |   View results
Yes
  11%
 
No
  89%
TOTAL VOTES: 2359

Vote