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Optus hit with record $504,000 fine for spamming
Telecommunications 2020-01-31 1:05 pm By Cat Fredenburgh

Optus has paid a record $504,000 fine for violating spam laws by sending SMS and email messages to customers that had previously unsubscribed from the telco’s giant’s marketing communications.

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ACCC finds Barro stake in Adelaide Brighton won’t harm competition
Competition & Consumer Protection 2020-01-30 4:05 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has found Barro Group’s 43 per cent stake in Adelaide Brighton, acquired over a number of years, will not harm competition in the cement market.

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Westpac to face US class action over AUSTRAC scandal
Class Actions 2020-01-30 3:10 pm By Cat Fredenburgh

A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and counter-terrorism finance compliance, which led to a bombshell lawsuit by AUSTRAC last year.

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Mazda to ACCC: We don’t have to replace dented, scratched up cars
Competition & Consumer Protection 2020-01-29 4:41 pm By Cat Fredenburgh

Japanese car maker Mazda has replied to an ACCC action alleging it violated the Australian Consumer Law by failing to provide consumers with refunds or no-cost replacements for their allegedly faulty vehicles, saying it was not required to replace dented and scratched cars.

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ISignthis may face shareholder class action over profit downgrade
Class Actions 2020-01-29 1:10 pm By Cat Fredenburgh

Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.

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Thiel partner in Gawker takedown seeks $2M in new lawsuit
Financial Services 2020-01-28 10:21 pm By Cat Fredenburgh

An Australian law graduate and businessman who convinced tech billionaire Peter Thiel to fund a defamation lawsuit that ultimately bankrupted famed US gossip blog Gawker has filed a lawsuit seeking $2 million from a former business partner.

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ACCC probes price fixing in NSW waste sector
Competition & Consumer Protection 2020-01-28 3:34 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has opened a sector-wide investigation into price changes made last year in the building and demolition waste services market in New South Wales.

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Former director of internet company gets 6 years in jail for fraud
White Collar 2020-01-24 9:50 pm By Cat Fredenburgh

The former director of a Queensland-based internet services provider has been sentenced to six years in jail after pleading guilty to fraud charges.

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ASIC takes further action against company that ran ‘defective’ Sterling property investment scheme
Financial Services 2020-01-24 1:55 pm By Cat Fredenburgh

The Australian Securities and Investments Commission has suspended the Australian Financial Services licence of a Sydney-based financial services provider that ran a property investment scheme targeting retirees, which the regulator has accused of issuing ‘defective’ product disclosure statements.

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Quinn Emanuel lures IP heavyweight from Allens
People In The News 2020-01-24 1:30 pm By Cat Fredenburgh

US litigation powerhouse Quinn Emanuel has lured a leading patent attorney from Allens to grow its Sydney office.

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