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Crane maker NQCranes loses bid to strike out ACCC’s cartel case
Queensland crane company NQCranes has lost its bid to strike out the bulk of the ACCC’s amended case alleging it engaged in a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets.
Colonial First State ordered to pay $20M for misleading 13,000 MySuper members
The Federal Court has slugged wealth management firm Colonial First State Investments with a $20 million penalty for misleading almost 13,000 superannuation members about their MySuper entitlements through a "concerted campaign" that lasted two years.
ACCC’s approval of BPAY, Eftpos, New Payments Platform merger faces challenge
A challenge to the ACCC's approval of the merger of major payment platforms BPAY, Eftpos and New Payments Platform Australia has been challenged by a Sydney-based fintech, which has accused NPPA of patent infringement.
ACCC officers face pre-trial grilling in ANZ cartel case as judge questions need for committal
Five enforcement officers of the Australian Competition and Consumer Commission will be cross-examined by lawyers for banks facing price fixing charges over their conduct following ANZ's $2.5 billion capital raising six years ago.
ANZ wins access to JPMorgan settlement chats in cartel case
A judge overseeing a cartel case over a $2.5 billion ANZ share placement has granted ANZ's bid for unredacted documents which the bank says will support its claims that the case should be permanently stayed because of improper dealings between whistleblower JPMorgan, ASIC and the ACCC.
ATO wins info on 1,500 tax docs, teeing up potential privilege battle with CUB
Iconic Australian beer manufacturer Carlton & United Breweries has lost an appeal seeking to shield information about 1,500 allegedly privileged documents from the Australian Taxation Office.
With no encouragement from parties, 7-Eleven class action judge appoints contradictor
Despite claims the $98 million settlement did not warrant a contradictor's scrutiny, a judge has appointed a contradictor to represent the interests of group members in franchisee class actions against 7-Eleven as he weighs the deal.
Sam Newman, Donald Scott settle defamation suit over iconic AFL pic
A defamation case brought by former footy show host Sam Newman and AFL veteran Donald Scott against sports photographer Wayne Ludbey over comments made about a historic image of indigenous AFL footballer Nicky Winmar has settled.
Allianz loses bid for class action beauty parade
A judge has signed off on a proposal by two law firms to jointly run a consolidated class action against Allianz over add-on car insurance, shooting down the insurer's argument that a beauty contest would promote competitive contingency fee rates.
CBA unit faces penalty for misleading superannuation members
Commonwealth Bank of Australia unit Colonial First State Investments is facing penalties after the Federal Court found it misled its customers about their rights and obligations relating to the MySuper reforms passed by the federal government in 2012.