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Ultra Tune appeals record $1.5M fine for contempt
Competition & Consumer Protection 2024-04-02 11:27 pm By Cat Fredenburgh

Car repair franchise Ultra Tune is challenging a record $1.5 million fine for contempt for failing to comply with a court-ordered compliance program in proceedings brought by the Australian Competition and Consumer Commission.

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Hungry Jack’s resolves claims by franchisee over launch of nearby restaurants
Franchises 2024-04-02 11:40 pm By Christine Caulfield

Hungry Jack’s has resolved a case brought by a franchisee seeking a court injunction blocking the burger chain from launching two restaurants  in close proximity to its sites on NSW’s Central Coast.

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HSBC pays $33,000 fine for alleged breaches of Consumer Data Right
Competition & Consumer Protection 2024-04-02 10:15 pm By Cat Fredenburgh

British bank HSBC has been stung with $33,000 in penalties for alleged violations of rules designed to increase transparency and competition in the banking sector.

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Gladstone Ports class action funder, plaintiffs clash over who should run the case
Class Actions 2024-03-28 10:17 pm By Christine Caulfield

The litigation funder and lead plaintiffs in a class action against Queensland-owned Gladstone Ports are in dispute over who should be engaged to act in the long-running case after the solicitor on record left Clyde & Co for a rival law firm.

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ASIC wins greenwashing case against Vanguard over $1B fund
Securities 2024-03-28 4:15 pm By Cindy Cameronne

The Australian Securities and Investments Commission has won its first civil penalty proceeding in a greenwashing case, with a court finding against Vanguard Investments over its $1 billion “ethically conscious” hedge fund.

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Court OKs $23M settlement in Wellard class action despite funder’s ‘lion’s share’
Class Actions 2024-03-28 4:28 pm By Cindy Cameronne

A judge has approved a settlement in a shareholder class action against livestock exporter Wellard that grants a 34 per cent cut for group members, saying that investors had agreed to the lawyers and funder receiving the “lion’s share”. 

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27.5% the ‘standard benchmark’ for GCOs in earnings guidance class actions, court told
Construction 2024-03-28 4:39 pm By Cindy Cameronne

A law firm running a shareholder class action against building materials giant James Hardie Industries has argued for a 27.5 per cent group costs order, saying it was the “standard benchmark” for earnings guidance cases. 

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Jan Cameron fined $8,000 for failing to disclose interest in Bellamy’s
White Collar 2024-03-28 10:32 pm By Cat Fredenburgh

Former Bellamy’s Australia director Jan Cameron has been fined $8,000 after being found guilty of two counts of breaching the Corporations Act for failing to disclose her stake in the baby formula company. 

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Airport employee first official targeted by National Anti-Corruption Commission
Public Corruption 2024-03-28 11:41 pm By Cat Fredenburgh

A former employee of the Western Sydney Airport has been arrested and charged with allegedly soliciting a bribe of $200,000 during the procurement process for a $5 million contract for services at the new airport.

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Three defamation cases against John Pesutto to be heard together
Defamation 2024-03-28 9:14 pm By Cindy Cameronne

Victorian Liberal Party leader John Pesutto will face three defamation cases at the same time — one by former Liberal MP Moira Deeming and two by anti-trans activists over last year’s ‘’Let Women Speak’ rally, which was crashed by neo-Nazis.

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