Class Actions
Kmart hit with underpayments class action
Kmart has been hit with a class action on behalf of thousands of salaried managers who allege they were systematically underpaid.
Competition & Consumer Protection
In Mastercard case, judge says suppression bids ‘spiralling out of control’
A judge has said he will not be able to decide all the suppression applications in the ACCC’s misuse of market power case against Mastercard ahead of trial, saying the court was facing an “unreasonable, if not oppressive” burden.
Intellectual Property
AstraZeneca probes Pharmacor’s delayed defence in Forxiga patent fight
Pharmacor is resisting AstraZeneca’s notice to produce in an intellectual property fight over diabetes drug Forxiga, claiming privilege over material evidencing its consideration of a new claim challenging the validity of a patent extension.
Securities
ASX ‘lacks aspiration’ to oversee critical markets infrastructure, ASIC says
The corporate regulator has delivered a scathing report on exchange operator ASX, finding it has significantly under-invested in technology in favour of delivering short-term dividends to shareholders.
Financial Services
RAMS franchisee doesn’t want to be ‘swept into’ class action trial
A former RAMS franchisee has raised concerns about a joint trial of its case with a related class action against the defunct Westpac home loan subsidiary, saying the overlap between the cases may be “much less than advertised”.
M&A
ACCC taps keg supplier’s acquisition of rival for in-depth review
The competition regulator will further probe US keg company MicroStar's proposed acquisition of the assets of rival keg pooling service Konvoy, saying the transaction could substantially lessen competition.
Employment
Aged care provider to backpay staff $11M under deal with FWO
Non-profit aged care provider Southern Cross Care has agreed to pay over $11.7 million to 5,500 underpaid staff as part of a court-enforceable undertaking with the Fair Work Ombudsman.
Tax
Uber ‘not a mere conduit’, High Court told in $81M payroll tax case
Rideshare giant Uber is not a passive intermediary between drivers and riders, the NSW Office of State Revenue has told the High Court in a case over $81 million in payroll tax, but controls trips via its platform "from start to finish".
Intellectual Property
Shein, Kmart accused of copying designs of Qld clothing company
Queensland-based online clothing shop Sabo Skirt has taken 20 companies to court -- including fast fashion giant Shein and retailer Kmart -- for allegedly selling cheap knockoff versions of its designs.
Competition & Consumer Protection
ACCC seeks $36M penalty against Emma Sleep for misleading discounts
The consumer watchdog is pushing for a $36 million penalty against Emma Sleep after it admitted to repeatedly misleading consumers about discounts, but the online mattress retailer says a $2 million fine is adequate.
