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Ford hit with penalty over Mustang Mach 1 performance claims
US car giant Ford Motor has copped a $53,000 penalty for allegedly misleading consumers about the performance features of its pricey Mustang Mach 1 sports car.
IP holding company in dispute with Apple wins case over biosecurity patents
A patent holding company has won its legal dispute with a rival over biometric security patents the subject of an infringement case against Apple.
Under ACCC scrutiny, IVF provider Virtus drops $45M Adora acquisition
IVF company Virtus Health has withdrawn its offer to acquire rival Adora Fertility from Healius, citing the competition regulator's opposition to the takeover.
Victorian aged care facilities can’t declass claims in COVID-19 class actions
Victorian aged care homes accused of “major failures” during the first wave of the COVID-19 pandemic have lost their bid to declass claims of neglect brought in two class actions on behalf of residents and their grieving families.
ACCC clears Woodside’s $41B takeover of BHP unit
The Australian Competition and Consumer Commission has will not oppose Woodside Petroleum’s $41 billion acquisition of BHP Petroleum International, saying the oil and gas giant would have no incentive to reduce domestic gas supply.
ASIC accuses former ANZ unit of overcharging super members $4M
Former ANZ super fund subsidiary OnePath overcharged more than $4 million in superannuation fees, according to regulatory action launched by the Australian Securities and Investments Commission on Tuesday.
GM facing $9M dealer lawsuit over decision to retire Holden brand
General Motors is facing a lawsuit by a Holden car dealer who allegedly suffered up to $9.26 million in financial loss following the car maker's decision to pull the iconic brand in Australia.
Gilbert + Tobin partner to become first woman to hold ACCC’s top post
Gilbert + Tobin senior partner Gina Cass-Gottlieb has been nominated to become the first female chair of the Australian Competition and Consumer Commission.
Hungry Jacks in a pickle over weigh-in of McDonald’s Big Mac
Burger giant Hungry Jack's has lost its bid to have McDonald's hand over test results showing the “pre-cooked” weight of its Big Mac beef patties, with a judge finding they were not relevant to whether the rival’s Big Jack burger had 25 per cent “more Aussie beef”.
ACCC staff training ‘inadequate’ during bank cartel probe, court hears
A senior ACCC officer has been grilled on whether staff training on criminal cartel investigations was “inadequate” while the competition regulator ran a cartel probe into ANZ’s $2.5 billion share placement in 2016.