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The Australian Competition and Consumer Commission has raised preliminary competition concerns about the proposed merger of insurance giants Aon and Willis Towers Watson to create the world’s largest insurance provider, following investigations in the US, Europe, Canada and New Zealand.
Forty-four charges have been outlined in a long-awaited indictment in a criminal cartel case over a $2.5 billion ANZ share placement, including 29 charges against top executives from ANZ, Deutsche Bank and Citigroup.
Fertility clinic IVF Australia is facing a lawsuit worth "many millions of dollars" launched by the parents of a child born with Pallister-Kilian syndrome, alleging it did not carry out a vital pre-implantation diagnostic test that would have identified the disease.
Commonwealth Bank of Australia could be on the hook for a large penalty after the court found the bank engaged in misleading and deceptive conduct and violated its financial services obligations on more than 12,000 occasions by overcharging customers more than $2.2 million in interest.
PricewaterhouseCoopers is looking to shut down a class action by irate bondholders of collapsed asset finance lender Axsesstoday Limited over alleged misrepresentations in a $50 million bond offer.
South Korean car maker Hyundai is facing a possible class action after it recalled over 90,000 cars earlier this month over safety concerns.
Counsel for Queensland-based NQCranes has lashed out at the ACCC for seeking to amend its cartel action against the crane company, telling a court the regulator had been warned for months that the case was deficient.
US consumer goods giant Kimberly-Clark has agreed to pay $200,000 for misleading 'Made in Australia' representations made on its 'flushable' wipes.
Proceedings launched by ASIC in December accusing the Commonwealth Bank of Australia of saddling consumers with $2.9 million in inflated interest rates on their business overdraft accounts on more than 12,000 occasions will move swiftly to a penalties hearing.
Cruise company Australian Pacific Touring will resist any expansion of a test case over cancellations brought against it by a former passenger after its failure to properly provide discovery resulted in a fragmented hearing meant to conclude in September last year.