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Asahi offers to divest brands to avoid bitter dispute with ACCC over $16B CUB takeover
Competition & Consumer Protection 2020-02-28 3:27 pm By Alison Eveleigh

Japanese beer giant Asahi has offered to divest key beer and cider brands in a bid to convince the Australia Competition and Consumer Commission to approve its planned $16 billion acquisition of Carlton & United Breweries.

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Penfolds maker shuts down another Chinese knockoff
Intellectual Property 2020-02-28 2:34 pm By Miklos Bolza

The Australian Trade Marks Office has granted another victory to Treasury Wine Estates in its ongoing battle against Chinese firm seeking to misappropriate the Penfolds name and sell knockoff wines under similar branding in China.

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ANZ and Westpac hit with junk insurance class actions
Class Actions 2020-02-28 1:08 pm By Miklos Bolza

Slater and Gordon has expanded its Get Your Insurance Back campaign, launching class actions against ANZ and Westpac over allegedly worthless consumer credit insurance, just three months after it reached a $49.5 million settlement with NAB in a class action over similar insurance.

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‘I never liked common fund orders anyway’: Judge gives thumbs up to High Court ruling
Class Actions 2020-02-28 12:53 pm By Miklos Bolza

A  judge overseeing a shareholder class action against collapsed engineering group RCR Tomlinson has said goodbye to the common fund order in the case while welcoming last year’s High Court decision preventing these orders from being made at the early stage in class actions.

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ACCC review of Google’s Fitbit acquisition to look at data
Competition & Consumer Protection 2020-02-27 11:22 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has opened a formal review into whether Google’s $3 billion acquisition of fitness device company Fitbit will harm competition, including the potential impact of the search giant’s increased access to user data.

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ASIC wins unconscionable conduct case against OTC derivatives issuer AGM Markets
Financial Services 2020-02-27 10:28 pm By Cat Fredenburgh

ASIC has notched up a win against derivative issuer AGM Markets and two of its authorised representatives, with a court finding they engaged in misleading, deceptive and unconscionable conduct that caused investor losses of over $30 million.

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Combustible cladding class action gets makeover
Class Actions 2020-02-27 5:37 pm By Miklos Bolza

The lead applicant in a class action over allegedly combustible cladding has been ordered to immediately pay the defendants’ costs that were thrown away by amended pleadings that bring a “substantially new case”, over a year after the high-stakes case was filed.

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New pelvic mesh class action targets Medtronic unit, two other device makers
Product Liability 2020-02-27 4:06 pm By Alison Eveleigh

Medtronic owned Covidien and two other medical device manufacturers have been hit with a class action on behalf of thousands of women who claim to have suffered lifelong complications from the devices, the third class action over pelvic mesh implants brought in Australia.

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Head of NSW Racing claims ABC story on racehorse slaughter defamed him
Defamation 2020-02-27 12:34 pm By Cat Fredenburgh

The head of Racing NSW has hit the ABC with a defamation lawsuit over a ‘7:30’ segment that revealed racehorses were being slaughtered in violation of industry rules.

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Government reaches settlement in toxic foam class actions
Class Actions 2020-02-27 10:55 am By Cat Fredenburgh

A settlement has been reached in three class action against the Commonwealth of Australia over the use of allegedly toxic firefighting foam at government military bases.

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