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Mastercard had a legitimate and pro-competitive reason for reaching agreements with major retailers to choose its network over Eftpos for debit card processing, a court was told Wednesday in the competition regulator's misuse of market power case against the financial services behemoth.
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.
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".
A judge has given ASIC the green light to continue proceedings against a defunct funeral insurer which allegedly misled Aboriginal customers about being Indigenous-owned and claims that its products were specifically beneficial for First Nations people.
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'.
Another law firm is planning competition class actions against Apple and Google over their app stores, just over a month after Phi Finney McDonald filed group proceedings against the tech giants, setting up a beauty parade that adds a wrinkle to similar cases brought by Epic Games.
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.
Japanese bank SMBC has brought a $33.6M lawsuit against fintech Humm Group after its subsidiary Flexirent allegedly misled the bank about receivables under allegedly forged contracts between a Forum Group entity and Veolia Environmental Services.
The law firm whose probe into allegedly defective diesel particulate filters in Toyota cars has led to a verdict worth as much as $2 billion against the car maker has launched a class action investigation into diesel particulate filter issues with two models of Isuzu utes.
ANZ is optimistic its proposed $4.9 billion acquisition of insurer Suncorp's banking unit will be cleared by the competition regulator, and is counting on the public benefits of the merger to win approval.