Most Recent
The funder that backed a shareholder class action against engineering firm CIMIC that settled for $45.25 million will take a cut to its 25 per cent commission, but wants the court to find the commission would otherwise have been reasonable.
Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.
Insurers have won a challenge to a declaration that engineering firm CIMIC could make claims under policies for costs arising from corruption cases, including a $32 million class action settlement.
Google has slammed Fortnite game maker Epic Games’ landmark competition case against it as “contrary to commercial reality”, saying its competition with rival tech giant Apple means it is no monopolist.
In a landmark competition case, Apple has told the Federal Court that Epic Games and other developers should not be allowed to "freeride" on the resources and user base the tech giant has “spent many billions” to develop.
Epic Games has taken aim at Google for the “untruthful evidence” of its witnesses in the game maker's competition case against the tech giant, as well as its failure to call senior executives to the stand to defend itself.
Video game maker Epic Games has attacked as "entirely contrived" the defence by Apple in closing submissions in a Federal Court trial of its landmark competition case, pointing to the tech giant's lack of evidence, including from CEO Tim Cook.
Epic Games' case alleging Google ran its Play Store anti-competitively is "significantly more ambitious" than the Fortnite game maker's claims against Apple, according to the search giant, which says its restraints are "more flexible and less draconian" than the iPhone maker's.
Hitting back at claims that its App Store stifles competition, Apple has told a trial that app developers have myriad ways of maximising profits without paying it a commission, noting Epic Games made US$3.8 billion from in-game currency V-Bucks in 2021.
Google has criticised two competition class actions which piggyback on claims brought by Fornite developer Epic Games as "opportunistic", but counsel for the class actions told a court the suits on behalf of more than 15 million group members were in the public interest.