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A class action on behalf of Axsesstoday bondholders has reached a settlement with accountants PricewaterhouseCoopers, with a court hearing that group members will get almost 50 per cent of the proceeds.
Apple decries Epic Games’ attempted ‘freeriding’ in competition case over lucrative app stores
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In a landmark competition case, Apple has told the Federal Court that Epic Games and other developers should not be allowed to “freeride” on the resources and user base the tech giant has “spent many billions” to develop.
Ferratum hit with $16M penalty for overcharging vulnerable customers during pandemic
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Defunct microloan company Ferratum has been hit with $16 million in penalties for overcharging low-income consumers during the height of the COVID-19 pandemic, with a judge noting the company’s conduct affected a large number of vulnerable customers.
Ord Minnett challenges ruling on wealth advisor’s wage entitlements
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Stockbroking firm Ord Minnett has challenged a judgment that found it must pay years of wages and other entitlements to a wealth adviser who was only remunerated by commission payments, a decision that could have major repercussions through the industry.
ATO whistleblower loses appeal over bid for immunity
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A former ATO worker who accused his employer of using heavy handed debt collection tactics against taxpayers has lost his second bid for immunity from prosecution, with an appeals court finding that whistleblowing laws only protect the disclosure itself.
Treasurer Jim Chalmers greenlights $4.9B ANZ, Suncorp merger
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ANZ is set to acquire Queensland bank Suncorp, with treasurer Jim Chalmers signing off on the deal after the ACCC failed to block the $4.9 billion merger on competition grounds.
UK firm DWF expands in Australia with Proclaim acquisition
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UK law firm DWF has acquired Melbourne claims management business Proclaim, expanding its insurance business in Australia.
Ten agrees to $1.3M haircut on legal costs won against Bruce Lehrmann
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Network Ten has won $2 million in costs against Bruce Lehrmann in his failed defamation case over the broadcaster’s coverage of Brittany Higgins’ rape allegations, after agreeing to a substantial haircut on its $3.7 million legal bill.
Eighth attempt at cosmetic surgery class action still not good enough, court told
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Sydney-based plastic surgeon Daniel Lanzer and several of his associates have objected to a class action’s eighth attempt at getting its claims over allegedly negligent cosmetic procedures right, saying the plaintiffs were engaged in a “continuing cycle of propagating versions” of their case.
Five years in, Meta goes on offensive in competition case by social media start-up
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Five years after it was first hit with a competition case by Dialogue Consulting, Meta has filed a cross-claim against the Melbourne social media company, alleging it collects and stores Instagram user login credentials and instructs clients to provide inaccurate information to the platform.