Gadens to run consolidated Quintis class action, court hears
Class Actions December 10, 2018 1:13 pm By Miklos Bolza

A shareholder class action led by Bannister Law against sandalwood oil producer Quintis will be absorbed by rival law firm Gadens in a consolidation agreement that ends a battle over the competing cases.

After settlement rejected, ASIC takes Westpac case to trial
Financial Services December 10, 2018 1:59 pm By Miklos Bolza

The corporate cop’s case against Westpac over allegedly irresponsible lending practices will go to trial after the Federal Court rejected the bank’s $35 million settlement.

Google, Facebook have ‘ability and incentive’ to abuse market power, ACCC says
Competition & Consumer Protection December 10, 2018 3:11 pm By Cat Fredenburgh

Google and Facebook should be regulated given the potential they have to wield their monopoly powers in ways that would harm consumers, the ACCC said in its highly anticipated preliminary report into the digital platforms.