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Facebook agrees to $20M penalty in ACCC case over data privacy app
Facebook has agreed to pay a $20 million penalty for misleading consumers by representing that its discontinued Onavo Protect mobile app would keep users’ personal activity data private, when in fact it was being collected for commercial use.
MLC ordered to pay $10M penalty for ‘serious failure’
A judge has ordered MLC to pay $10 million for its “serious failure” to pay life insurance benefits to customers undergoing rehabilitation, in an ASIC case that also alleged the insurer failed to promptly update medical terms in policies.
MLC agrees to pay $10M penalty in ASIC case
MLC has agreed to cop a $10 million penalty for admitted breaches of the Corporations Act in an ASIC case that alleged the insurer failed to promptly update medical terms in policies and withheld payment of a life insurance benefit.
Wealth guru Dominique Grubisa hits back at ACCC, says course claims ‘substantially true’
Dominique Grubisa has denied the Australian Competition and Consumer Commission's allegation that she misled consumers about her wealth management courses, arguing the claims that owners could sell their homes but retain equity were “substantially true”.
Full Court finds ACCC misstepped by not bringing ‘major failures’ case against Mazda
The Australian Competition and Consumer Commission and Mazda have both lost their appeals in a case over the car manufacturer’s ‘appalling’ customer service, with three judges questioning the regulator’s decisions in how it ran the case.
Firm must compete to administer $192.5M PTTEP class action settlement
The law firm that ran a class action over the 2009 Montara oil spill must compete to administer a $192.5 million settlement, with a judge saying a tendering process is consistent with the court's "protective and supervisory role" in managing costs deducted from class action settlements.
Facebook to cop penalty in ACCC case over ‘misleading’ data protection app
Facebook will face a penalty in the Australian Competition and Consumer Commission's case alleging it misled consumers by representing that its discontinued Onavo Protect mobile app would keep users’ personal activity data private.
Montara oil spill class action firm, funder score half of $192.5M settlement
A judge has largely approved the funder's commission and legal fees to be deducted from a $192.5 million settlement of a class action against oil company PTTEP, despite the costs halving the amount to go to group members.
Ultra Tune boss seen instructing lawyer in criminal case, not incapacitated, judge says
Ultra Tune has failed to prove its managing director is mentally incapacitated and unable to give evidence at a sentencing hearing for contempt of court after he was seen earlier this week attending a hearing in a criminal case on charges of stalking his ex-girlfriend.
S&P fights ‘significant’ expansion of class action over CDO ratings
S&P Global is fighting bids to expand a class action alleging systemic defects in its ratings systems to a new type of complex financial product and to include allegations from a US Department of Justice case in a separate suit by two Cayman Islands-based companies.