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KPMG hits back at Phoslock shareholder class action
Securities 2025-07-16 11:52 pm By Cindy Cameronne

Auditor KPMG has hit back at a shareholder class action over water treatment business Phoslock’s alleged accounting irregularities, saying it should be completely relieved from paying damages since it acted honestly. 

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ACCC clears Lactalis play for Fonterra assets
M&A 2025-07-10 11:08 pm By Julia Kanapathippillai

The Australian Competition and Consumer Commission will not oppose an acquisition by Lactalis of assets of New Zealand dairy cooperative Fonterra if the French multinational is successful in its bid.

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ASIC wins $3.5M penalty over funeral insurer’s ‘Aboriginal owned’ claims
Insurance 2025-07-10 11:30 pm By Andy Sidler

Funeral insurer ACBF has been hit with a $3.5 million penalty for “callous” and “egregious” misrepresentations to Indigenous customers that its business was Aboriginal owned or managed.

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Mercedes-Benz dealers come up short in appeal of $650M lawsuit loss
Appeals 2025-07-09 11:29 pm By Sam Matthews

Mercedes-Benz dealers have lost their appeal of a decision tossing their $650 million suit, with the Full Court backing the primary judge’s rejection of a “moralistic” approach to unconscionable conduct.

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Toyota hit with class action over peeling paint on Corollas
Class Actions 2025-07-09 11:56 pm By Cindy Cameronne

Toyota has been hit with a class action alleging that a defect in certain Corolla models caused paint to peel when exposed to sunlight or ultraviolet light. 

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Aristocrat can’t get gambling disorder info from class action members
Class Actions 2025-07-08 11:56 pm By Sam Matthews

Aristocrat has lost its bid to question class action members about whether they have a gambling problem ahead of mediation, with a judge saying it called for “self-diagnosis” and would not yield reliable results.

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Judge ‘nervous’ about damages notice to Isuzu class action members
Class Actions 2025-07-04 2:29 pm By Cindy Cameronne

A judge has expressed his nervousness about a proposed notice to group members in a class action against Isuzu that warns them they may lose an entitlement to damages if they sell their alleged defective vehicles. 

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ACCC clears DP World’s $174M acquisition of Silk Logistics
Competition & Consumer Protection 2025-07-04 2:18 pm By Julia Kanapathippillai

The Australian Competition and Consumer Commission has given the green light to DP World’s proposed acquisition of Silk Logistics, after finding it was not likely to substantially lessen competition.

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AMP hit with another class action over ‘inflated’ insurance premiums
Class Actions 2025-07-03 12:10 pm By Cat Fredenburgh

AMP is facing a new class action alleging certain superannuation fund members were hit with inflated premiums over a five-year period, after arguing a similar matter was “in search of a case” more than four years after being filed. 

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Mastercard slams ACCC’s novel push for communications with lawyers
Competition & Consumer Protection 2025-07-03 11:41 pm By Cindy Cameronne

Mastercard has pushed back on the ACCC’s argument that it waived privilege over communications with lawyers, saying it would “take the law of waiver to a place it has never been before”.

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