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The Australian Competition and Consumer Commission has found Barro Group’s 43 per cent stake in Adelaide Brighton, acquired over a number of years, will not harm competition in the cement market.
Westpac to face US class action over AUSTRAC scandal
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A US-based plaintiffs firm is planning a class action against Westpac alleging it failed to alert investors to significant lapses in its anti-money laundering and counter-terrorism finance compliance, which led to a bombshell lawsuit by AUSTRAC last year.
Funder of second settled Murray Goulburn class action hires lawyers to fight for commission
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The entrepreneur who funded one of two settled Murray Goulburn class actions will defend his $10.5 million cut of the $37.5 million settlement, a commission that is under scrutiny by a contradictor appointed by the judge overseeing the case.
Mazda to ACCC: We don’t have to replace dented, scratched up cars
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Japanese car maker Mazda has replied to an ACCC action alleging it violated the Australian Consumer Law by failing to provide consumers with refunds or no-cost replacements for their allegedly faulty vehicles, saying it was not required to replace dented and scratched cars.
‘Bad publicity’ no reason to stay ASIC ban of ex-NAB adviser, tribunal says
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A former Adelaide financial advisor that worked for a subsidiary of National Australia Bank has lost his bid for a temporary stay of a five-year ban for allegedly recommending that clients invest in failed fintech start-up Bux Global, after arguing the bad publicity could negatively affect the impending sale of his business.
CFMEU hit with lawsuit for taking action over DP World automation
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The CFMEU is facing a lawsuit by four units of DP World Australia Group after refusing to accept the terms of four proposed enterprise agreements unless the stevedoring giant guaranteed it would not automate its terminals.
Facebook, Instagram to be barred from locking out users of Aussie social media startup
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A judge is expected to issue a temporary injunction Thursday barring Facebook and Instagram from blocking users who are customers of a Melbourne-based social media startup that has accused the companies of trying to quash competition.
ISignthis may face shareholder class action over profit downgrade
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Melbourne-based fintech ISignthis and its directors are facing a possible shareholder class action over a December profit downgrade.
‘Malishus’ trade mark owner appeals ruling awarding $10 in compensatory damages
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An Australian musician is seeking to appeal a ruling in a trade mark lawsuit against New Zealand-based clothing company Malishus and its directors, which awarded him $32,000 in additional damages for “flagrant” infringement but only $10 in compensatory damages.
Top NRL player agent Sam Ayoub wins case against protege who poached 18 players
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Veteran NRL player agent Sam Ayoub has won his case against his former protege and another employee who left his Ultra Management Sports agency in 2017 and took 18 players with them.