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Honda admits ‘accidentally but repeatedly’ misleading customers
Honda has admitted to the Australian Competition and Consumer Commission's claims that it mislead the customers of two former authorised dealerships, but is seeking to avoid pecuniary penalties for the “accidental” misconduct.
Mayfair 101 reaches settlement with IPO Wealth Holdings liquidators
Mayfair 101 has settled with liquidators of collapsed IPO Wealth Holdings after they won a bid to re-examine former director James Mawhinney over the transfer of “considerable funds and assets” from the fund to other entities.
Funder backing multiple cases against Deloitte can’t access docs in Noumi class action
Deloitte has won its bid to keep confidential documents away from the funder backing a consolidated shareholder class against food company Noumi which alleges the auditor was complicit in misleading the market.
Suncorp to pay $33M in super class action settlement
The settlement figure in a class action against a unit of Suncorp Group has been revealed as $33 million, and super members are set to share in the net sum of $14 million, or 42.5 per cent of the deal.
Lane Cove tunnel operator can add claims to $300M case against builders
A judge has granted a bid by the operator of Sydney’s billion-dollar Lane Cove tunnel to add a new claim in the five-year-old dispute alleging the concrete lining used in construction was defective.
Penalty in ACCC case against Uber off by more than $20M, judge says
A judge has slammed a $26 million penalty agreed to by Uber and the ACCC as “not within the range”, saying the impact of the rideshare giant's misleading conduct appeared to be "trivial".
Kmart settles Jellycat lawsuit over knockoff ‘Bashful Bunny’
Kmart Australia has resolved a case brought by UK-based Jellycat that accused the retailer of selling knockoffs of the plush toy designer's signature 'Bashful Bunny'.
Receivers get court OK to sell Melissa Caddick’s Dover Heights mansion
A judge has allowed receivers to sell the Dover Heights mansion of Sydney fraudster Melissa Caddick without any distribution of proceeds, saying the sale “should take place post-haste”.
ASIC loses bid for early punishment against Select AFSL
A judge has shot down ASIC's bid for declarations against life insurer Select AFSL before a penalty hearing after finding that the insurer acted unconscionably when selling insurance over the phone.
PwC partners knew of unlawful dividend payment to Cornerstone director, court told
PwC partners are facing "very serious" allegations that they had actual knowledge that a $30 million dividend payment to the director of now defunct tertiary education provider Cornerstone was unlawful.