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A court has heard that a class action on behalf of hundreds of thousands of customers whose flights were cancelled during the COVID-19 pandemic is estimated to be worth over $100 million.
A class action against CMC Markets got the go-ahead Thursday to add new claims in its case centred on risky financial products, after trawling through 27,000 documents produced by the trading platform.
Coles has told a court that its decision to change its discount policies was unsurprising during a period of significant inflation, denying claims by the ACCC that its ‘Down Down’ promotions were misleading.
Coles increased prices on hundreds of products only as part of a plan to later mark them with a ‘Down Down’ promotion, despite the price being lower only weeks before, the ACCC has argued.
Construction PRO
A Centennial Coal unit that operates an underground coal mine bordering the Blue Mountains National Park has been hit with $630,000 in penalties after pleading guilty to five environmental offences for failing to properly manage runoff from the mine.
Another Coles manager has faced questioning in a case alleging the supermarket giant's 'Down Down' campaign was illusory, admitting the "only reason" for a four-week price jump on quince paste was to enable a discount.
The ACCC has attacked the evidence at trial of a Coles manager who signed off on an alleged misleading discount on dog food, which was sold at a lower price just seven days earlier.
Construction PRO
IG Energy’s former subsidiary has made a claim on a $3.5 million surplus from the administration of IG’s interest in the Callide Power Station in Queensland.
The former manager of biscuits and cookies at Coles has faced cross-examination by the ACCC over marking Arnott’s Shapes with a 'Down Down' discount, despite the price being 50 cents less four weeks prior.
Online trading platform Plus500 is challenging a court ruling that investors who lost money on highly leveraged contracts for difference can proceed with their class action despite signing arbitration clauses.