Please login to bookmark Close
The ACCC has set out its priorities for 2018, and bigger penalties for big business flouting competition laws is top of the agenda, the commission’s chief said Tuesday.
S&P settles Lifeplan class action over CDOs ratings
Please login to bookmark Close
S&P Global Ratings has reached a settlement in an Australian class action by investors who bought toxic products rated healthy by the U.S. credit reporting agency ahead of the global financial crisis, a deal that includes over $4.6 million in legal fees.
Data breach notification rule takes effect this week
Please login to bookmark Close
Under new rules set to take effect Thursday, organisations will face stiff penalties for failing to promptly notify the Australian Information Commissioner and affected individuals when a data breach occurs.
Full court to hear Prysmian appeal next week
Please login to bookmark Close
The Full Federal Court will hear arguments Monday from Prysmian Cavi E Sistemi that a $3.5 million fine handed down in a case brought by Australia’s competition regulator for alleged cartel conduct should be tossed out.
Judge keeps lawyers in Cargill-Viterra suit on short leash
Please login to bookmark Close
A judge in the Supreme Court of Victoria hearing a case brought by Cargill Australia alleging fraudulent concealment in the $420 million sale of malt producer Joe White Maltings by Viterra Malt Pty Ltd won’t loosen the reins on lawyers who have spent “millions of dollars” on discovery.
Start-up off hook for broken promises, rules NSW Appeals Court
Please login to bookmark Close
A tech start-up that failed to deliver on a promise that investors would triple their money and was found liable for the entire investment has won a major reversal of the ruling on appeal.
GSK admits old Voltaren label was misleading
Please login to bookmark Close
Drug giants GlaxoSmithKline and Novartis have conceded part of the ACCC’s case that packaging on their Voltaren Osteo Gel breached the Australian Consumer Law, but said the label was changed almost a year ago.
ACCC cartel case to be conducted as eTrial
Please login to bookmark Close
When trial kicks off in the ACCC’s case against a company and individual allegedly involved in a roof sheeting cartel, there will be one thing missing that courtroom spectators have come to expect from complex commercial proceedings – reams of paper.
Judge gave short shrift to ACCC in Medibank case, court hears
Please login to bookmark Close
The judge who sided with Medibank in the ACCC’s failed case last year paid little attention to one of the consumer regulator’s central arguments against the private health insurer, a court heard Monday.
Penfolds copycat faces sobering moment with trademark action
Please login to bookmark Close
Treasury Wine Estates has brought a trademark case against Rush Rich for allegedly making and selling copycat Penfolds products in China and Australia.