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Plus500 says arbitration bars class action, judge says nobody reads T&Cs
People don't read terms and conditions when signing up to online services, an appeals court judge has told trading platform Plus500, which says the applicant in a class action is bound by an arbitration clause in its user contract.
Epic, Google win ACCC draft approval for global settlement
The competition regulator has given its draft approval to Fortnite maker Epic Games and Google for their global settlement of allegations of misuse of market power by the digital giant.
Judge allows new pleading in ‘painfully slow’ Sony PlayStation class action
A judge has allowed a "painfully slow" competition class action against Sony over its PlayStation store practices to file an amended pleading, after expressing concerns the case was not properly resourced.  
Fitch wins $12M security despite class action’s claims of ‘Rolls-Royce’ defence
A judge has ordered a class action against Fitch to fork over $12.4 million in security, refusing to discount the sum for what the class action called the company's 'Rolls-Royce' defence.
CMC Markets accepts cut to unprecedented class action security bid
A class action against CMC Markets has agreed to provide an additional $6.5 million in security, with the parties avoiding a contested hearing over the online trader's bid for $8.6 million.
Judge OKs ‘very disappointing’ AMP class action settlement, cuts fees
A judge has approved a $120 million settlement in a class action against AMP that followed the banking royal commission, saying while it was a “very disappointing outcome” for group members it was still fair and reasonable.
CMC dodges bid for Baker McKenzie invoices amid class action security push
CMC Markets has avoided production of unredacted solicitors' invoices to support a bid for $8.6 million to cover costs in a class action, despite the applicant arguing the trading platform's legal team was "top-heavy” and the security application unprecedented.
Fight brewing over $8.6M security bid in CMC Markets class action
CMC Markets wants a class action to fork over $8.6 million more in security after substantially amending its case, which alleges the financial services firm issued complex, risky derivatives that were not appropriate for retail investors.
Sony says competition class action over PlayStation fails to plead a causal link
A class action accusing Sony of breaching competition laws has said proposed changes to the case will focus on excessive charges in the distribution market, but the electronics giant argues the amended case leaves causation "entirely unarticulated".
Apple fights bid to expand App Store class action
Apple will bring a “full-bodied” opposition to a bid to expand a class action over the running of its App Store, after a judge found the tech company engaged in anti-competitive conduct in the app marketplace last year.