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Mobile network deal with Telstra could lead to TPG price hikes, ACCC says
A mobile network sharing agreement between Telstra and TPG is likely to boost the companies' services to customers but could lead to TPG raising prices, the competition regulator said Friday.
‘I have no faith in your time records’: Class action firm ticks off judge
A judge who slashed the fees of a law firm that reached a $1.55 million settlement in two class actions against supermarket chain Romeo's has expressed her "annoyance" at the firm's attempt to tender time records to justify the bill.
Dick Smith execs ask High Court to toss case over final dividend
Two former executives of defunct electronics retailer Dick Smith have asked the High Court to hear their challenge to a $11.8 million damages award for approving a dividend payment the company could not afford.
Government flags tougher privacy laws in wake of Optus breach
The federal government has flagged reforms to Australia’s privacy laws in the wake of a cyberattack that left the data of up to 10 million current and former Optus customers exposed, including heftier penalties for companies that fail to safeguard users’ personal data.
ASIC takes Nuix to court over ‘misleading’ market announcements
The Australian Securities and Investments Commission has filed long-awaited action against troubled tech company Nuix and a handful of former and current directors over allegedly misleading revenue announcements to investors.
Judicial misconduct reforms win government support as court again overturns Judge Street
The Albanese government has thrown its support behind a proposal to establish a federal judicial commission that would address questionable conduct by judges.
ACCC signs off on THL acquisition of Apollo with divestitures
The Australian Competition and Consumer Commission has given the green light to New Zealand-based THL's acquisition of campervan competitor Apollo, after the Australian company offered to divest 80 per cent of its local motorhome rental fleet.
Optus woes continue with second law firm investigation over data breach
As the FBI joins the hunt for the hackers behind last week's massive data breach at Optus, a second law firm has launched an investigation into possible claims against the telecommunications giant.
Virgin class action to appeal ‘nonsensical’ indemnity ruling
The applicant in an investor class action against Virgin Australia plans to appeal a judge’s decision requiring litigation funder Balance Legal Capital UK to give the airline an indemnity in order to bring the proceedings, saying the indemnity “substantially changes the risk calculus" for group members.
Judge mulls contradictor in $105M Boston Scientific class action settlement despite no red flags
The judge overseeing a class action against US medical device maker Boston Scientific is considering appointing a contradictor to look over the $105 million settlement reached in the case, despite seeing no obvious obstacle to approving the deal.