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‘Time for commercial reality to bite’: Judge orders class closure in Takata air bags class actions
The judge overseeing seven class actions against some of the world's largest car makers over defective Takata airbags has ordered that class closure take place in advance of mediation, saying it was "time...for commercial reality to bite".
Mexican chain tries to block Taco Bell’s Australian expansion
A Mexican restaurant franchise is waging a high-stakes courtroom battle to block US fast food giant Taco Bell from moving ahead with plans to set up shop in Victoria and NSW.
Pirate fund files $6.3M lawsuit against stock exchange over suspension
An investment fund named after a 17th-century pirate has hit the National Stock Exchange with a $6.3 million lawsuit over a suspension decision it calls "capricious" and a violation of the NSX's terms.
Mazda gave buyers of defective vehicles the ‘run around’, ACCC says
Japanese auto maker Mazda is facing regulatory action from the Australian Competition and Consumer Commission for allegedly refusing to provide purchasers of defective vehicles with a full refund or no-cost replacement, amid a continuing threat of a possible class action over alleged defects in certain vehicles.
In watershed Google case, ACCC faces familiar challenge
The Australian Competition and Consumer Commission's high-stakes case against Google is the first of its kind worldwide targeting the tech giant's data collection practices. The ACCC is in familiar territory in bringing a front-page legal challenge under the consumer laws that will require it to prove misleading conduct by silence, but if recent losses by the regulator are any guide, it could face an uphill battle.
Litigation funder throws off lawsuit seeking cut of $5M class action fee
Lawfinance, formerly known as Just Kapital, has won summary dismissal of a lawsuit initiated by its founder seeking a piece of the funder's $5 million cut of the $16.85 million Wickham securities class action settlement.
ACCC takes first shot at Google with location data lawsuit
The Australian Competition and Consumer Commission has filed its first lawsuit against Google in the wake of its blistering digital platforms report, alleging the search giant misled users of its Android mobile devices about the collection and use of their location data.
Corrs Chambers Westgarth subpoena set aside in Rinehart family feud
A subpoena issued by the daughter of mining magnate Gina Rinehart seeking documents from Corrs Chambers Westgarth, the law firm representing her mother's company, has been set aside by a judge, who found the material had no forensic purpose in the family's long-running fight over a $5 billion trust.
ASIC hits IOOF with extra licence conditions to combat conflicts
The corporate regulator has imposed additional licence conditions on wealth manager IOOF to combat conflicts of interest in the group's business structure revealed by the banking royal commission.
ASIC wins appeal in Westpac ‘personal advice’ case
The Full Federal Court has handed the Australian Securities and Investments Commission a win in a high-stakes appeal over what constitutes personal advice under financial services laws, finding Westpac violated its duty to act in its customers best interests through a superannuation rollover campaign.