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Grain supplier Seednet has agreed to pay $1 million to settle an enforcement action by the consumer watchdog alleging it misled farmers about the performance of its latest barley variety.
Major dairy players to tweak contracts to address ACCC concerns
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Five dairy processors have agreed to make changes to their supply contracts to address the ACCC’s concerns that certain terms were unfair to dairy farmers.
Visy to remove unfair contract terms after ACCC probe
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Visy Recycling and two other providers of recycling services have agreed to remove unfair terms from their standard form contracts, following an ACCC investigation into the waste management industry.
Shareholder cases account for 50% of new class actions, report says
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Shareholder cases made up half of all class actions filed in the past two years, and are to blame for an “unprecedented spike” in class actions, according to a new report by a leading defence law firm.
Allianz policy exclusion dooms United Petroleum unit’s fire damage claim
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A Queensland ethanol refinery, owned by United Petroleum, has lost a dispute with its insurer Allianz Australia over coverage for damage resulting from a 2016 fire.
MacMahon shareholders to get 36% of $6.7M class action settlement
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Shareholders who registered for a class action against mining company MacMahon Holdings will get a $2.4 million cut of a proposed $6.7 million settlement, according to a notice sent to group members ahead of next week’s settlement approval hearing.
Judge blocks Domain redirect in REA trade mark battle
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Real estate advertiser REA Group has won an emergency injunction against Domain that blocks its rival from authorising the owner of the US website realestate.com to redirect Australian traffic to Domain.
Ex-RFG head hits Fairfax with defamation lawsuit
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Fairfax is facing a defamation lawsuit from the former head of franchise giant Retail Food Group, who alleges a series of articles in the Sydney Morning Herald implied he engaged in dishonest business practices, including stealing property from former INXS frontman Michael Hutchence and associating with the mafia.
ASIC blasted for ‘vague’ case against Tennis Australia duo
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A court has told the Australian Securities and Investments Commission to produce more detailed allegations against former Tennis Australia directors Harold Mitchell and Stephen Healy over Seven Network’s five-year deal for the broadcast rights to the Australian Open after the regulator was slammed for a vague filing.
Black Saturday payout report shows class actions working, expert says
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A lingering dispute with the tax office remains, but the distribution of the record $795 million Black Saturday class actions settlement is substantially complete, according to a report out this week, and the proceedings, by the measure of at least one expert, show why the class action system in Australia is working.