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Pharmaceutical ingredient producer Alkaloids of Australia is facing a maximum $30 million penalty but has argued it should pay less than $1 million after pleading guilty to cartel conduct over the supply of a key chemical found in generic stomach cramp drugs.
A judge has approved a $52 million settlement is six class actions against car makers for allegedly selling cars fitted with deadly Takata airbags, under which individuals group members will get around $600 after $31.7 million in expenses is deducted.
Two Sydney roof tiling businesses have made admissions in civil penalty proceedings brought by the Australian Competition and Consumer Commission alleging they rigged bids for construction at the University of Sydney.
HWL Ebsworth has told a judge the law firm's omission of a mutual debt liability clause in a joint venture contract could not have led former client Dairycorp to lose a $130 million opportunity to develop land northwest of Sydney.
HWL Ebsworth's clients suffered a staggering $130 million loss when the law firm's solicitors failed to notice “obvious red flags” in a joint venture contract for an ambitious Sydney-based land development, a court has heard.
An appeals court has dismissed a second attempt by Meta and Instagram to shut down a misuse of market power case by a Melbourne-based social media startup.
The ACCC will seek a higher penalty against Employsure over misleading Google advertisements, after a judge found the consumer regulator's proposed $5 million penalty was inappropriate and instead ordered the specialist workplace relations consultancy to pay $1 million.
Class action settlement totals skyrocketed to over $900 million last year, and one law firm negotiated the lion's share, with $672 million in settlements under its belt.
Apple has reached the end of the line in its attempts to move a competition dispute with Fortnite game maker Epic Games to California, with the High Court denying the tech company's special leave application to appeal a judgment that found there were "strong reasons" for keeping the matter in Australia.
Apple has rejected claims that it misused its market power by pulling Epic Games' popular Fortnite game from its App Store and says the move did not affect the game developer's business because most of its revenue comes from other platforms.