The former chief executive of Australian Bight Abalone has been sentenced to three-and-a-half years in jail for making misleading statements to board members and potential investors about the company’s abalone farming operation.
Telecommunications company Optus asked a judge Friday to award damages for customers it lost as a result of Telstra’s “Unlimited” ad campaign, which the Federal Court ruled last week was misleading and deceptive.
Supermarket chain Aldi and the Transport Workers Union will sit down for talks in a bid to resolve a lawsuit brought by Aldi accusing the union of misleading conduct through press releases and other statements that claimed the company risked driver safety.
Fitbit has agreed to settle with the ACCC after misleading customers about their guarantee rights under the Australian Consumer Law, another win for the regulator as its fights a recent court ruling over the extent of companies’ obligations to disclose remedies available under the law.
ANZ, Deustche Bank and Citigroup will be hit with criminal charges over an alleged cartel involving the institutional equity placement of ANZ shares that raised $2.5 billion in capital.
Class action lawyers should be able to enter into contingency fee arrangements, the Australian Law Reform Commission said Thursday as part of proposals to reform the country’s much maligned class action regime.
A lawyer for the Registered Organisations Commission faced the ire of a Federal Court judge on Thursday when he admitted he had no instructions on what penalties the regulator was seeking in a Fair Work case against the CEPU.
A ruling imposing a record $2.5 million fine against the Construction, Forestry, Mining and Energy Union had “fundamental flaws”, a lawyer for the union told the Full Federal Court Thursday.
MYOB has decided to drop its bid to acquire Reckon’s accounting unit due to the ACCC’s extended regulatory review of the tie-up.
Mobile advertising startup Unlockd won a temporary injunction from the Federal Court Thursday barring Google from blocking its app in Australia until further hearing, in the first case to test revamped misuse of market power laws.
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