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ASIC has filed action against Delta Electricity, owner of the Vales Point coal-fired power station in NSW, alleging “deliberate and calculated” manipulation in the market for electricity futures contracts.
ASIC accuses CashnGo of unconscionable debt recovery practices
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The corporate regulator has taken a provider of small loans to court after it allegedly monitored and removed funds from consumers’ bank accounts without their knowledge.
GCO won’t cover law firm’s costs in Suncorp class action, court told
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Maurice Blackburn’s costs in running a ‘junk’ insurance class action which settled for $34 million will not be fully covered under a 25 per cent group costs order, a court has heard.
‘Cheaper isn’t better’: Firm takes on rival’s lower rate in Hyundai, Kia carriage fight
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A law firm fighting for carriage of class actions against Hyundai and Kia has argued competing proceedings with a lower funding rate should not have a leg up, saying the rival firm’s budget was a “fantasy”.
Law firm drops competing Coles, Woolworths class actions over discounts
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One of two law firms running competing class actions against Coles and Woolworths over alleged illusory discounts has bowed out, leaving its rival to pursue the cases for consumers.
Saint Gobain’s CSR targeted in competition case over price hikes
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CSR has been hit with a competition case alleging it abused its dominance by increasing prices of its insulation products during the pandemic.
Bupa admits unconscionable conduct, agrees to $35M penalty
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Private health insurer Bupa has admitted to misleading thousands of customers about their private health insurance benefits and has agreed to cop a $35 million penalty in a case by the consumer watchdog.
Class action seeks to intervene in ASIC’s suit against RAMS
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Former franchisees involved in a class action against RAMS are seeking to intervene in ASIC civil penalty proceedings against the defunct Westpac subsidiary.
Ceerose says Sydney apartment owners may have ‘engineered’ relationship breakdown
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The developer of a Sydney apartment block has appealed a decision that awarded the owners corporation $1.95 million, arguing the owners may have manufactured a relationship breakdown to escape their obligations.
RSL club can raise set-off as defence in dispute with subcontractor
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An RSL club can raise a set-off defence against a subcontractor’s claim under the Contractor’s Debt Act, after a judge rejected the subcontractor’s argument that the defence was barred by a provision of the SOPA.