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A judge has dismissed a securities class action against Insignia Financial, formerly known as IOOF, in the second judgement in two days to find no loss to shareholders.
A judge has hit Airbnb with a $15 million penalty for misleading Australian consumers by displaying accommodation prices in US dollars, on top a $15 million consumer redress scheme the vacation rental giant has implemented.
The Australian Competition and Consumer Commission has renewed its calls for the government to adopt its proposed reforms to the merger regime, warning that consumers and businesses will pay the price for continuing anti-competitive mergers which enable parties to engage in “legal brinkmanship” with the regulator.
Two law firms running competing class actions against Qantas over flight cancellations during the COVID-19 pandemic have agreed to cooperate after a judge took them to task for revising their funding positions in the lead up to a courtroom battle.
A judge has awarded carriage of a class action against Toyota unit Hino to Maurice Blackburn, finding that the law firm’s experience and resources trumped those of small personal injury firm Gerard Malouf & Partners, despite its alliance with a large US firm.
Honda Australia has been hit with a $6 million penalty for misleading communications made to customers of three dealerships during a restructuring in which the car maker's shuttered its independent dealer network in favour of an agency model.
Despite proposing a divestiture as part of its planned takeover of Healius, Australian Clinical Labs has failed to win the approval of the competition regulator for the $1.5 billion deal.
The consumer watchdog has asked a court to impose a $15 million penalty against Airbnb in addition to a $15 million consumer redress scheme, in a case alleging the vacation rental giant misled Australian consumers by displaying prices in US dollars.
The ACCC has signed off on Viva Energy's $1.15 billion acquisition of South Australia-based convenience store chain On The Run Group, after it agreed to divest 25 Coles Express sites in the state.
Online mattress retailer Emma Sleep faces enforcement action by the ACCC alleging the company's ad campaigns were false and misleading when they implied prices had been discounted and that sales offers would not last long.