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The ACCC has opened an inquiry into the inordinately high exchange fees consumers face when sending money outside Australia.
Take-Two wins injunction against another Grand Theft Auto gamer
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Take-Two interactive has won an injunction blocking a Grand Theft Auto gamer from distributing software that allows users to access restricted features of the popular game, a month after reaching a settlement with a gamer in a separate copyright case.
Blue Sky reveals $4.1M in incorrectly charged fees
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Investment manager Blue Sky, which is currently facing three shareholder class action investigations, has admitted to incorrectly charging $4.1 million in fees to certain funds over a ten-year period.
Telstra customers get $9.3M back for misleading billing practices
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Telstra customers that were billed for mobile phone apps they unwittingly bought have been refunded $9.3 million, several months after the company was hit with a $10 million penalty for the misleading conduct.
AMP may have misled ASIC about Clayton Utz report, Hayne says
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AMP may have misled the corporate watchdog about the independence of a report by Clayton Utz into its fees for no service policy, Royal Commissioner Kenneth Hayne has found.
Merck Sharp & Dohme, Wyeth gear up for trial over vaccine patents
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Preparations for a December trial between Merck Sharp & Dohme Corporation and Wyeth over four patents for the pneumococcal disease vaccine are underway, and a panel of experts will feature prominently in the high-stakes hearing over the world’s best-selling vaccine.
Sirtex must alert class if cash dips below $80M, judge rules
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Shareholders in a class action against Sirtex have secured an order forcing the life sciences company to notify them of any plan that would see its $128 million in liquid assets drop below $80 million.
Mastec wins docs in wheelie bin design copying case
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Mobile garbage bin manufacturer Mastec Australia can access documents from a group of city councils and waste management firms to calculate damage it suffered from rival Trident Plastics unlawful copying of its wheelie bin design.
EGR hit with $6M fine for exclusive dealing
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The Federal Court has imposed a $6.35 million fine against manufacturer EGR and its director for exclusive dealing, bringing the fines won by the ACCC over the cartel for the supply of polycarbonate to almost $12 million.
Westpac class action funder agrees to net commission
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The funder underwriting a class action against Westpac will take a 25 percent cut of the net — not gross — recovery sum to secure a judge’s approval of a common fund order in the case.