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Retailers represented in a class action against Tyro over an EFTPOS outage will get 40 per cent of a settlement with the fintech after a funding commission and fees are deducted.
Mayfair 101 loses High Court bid to appeal $30M win for ASIC
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The High Court has rejected investment group Mayfair 101’s bid to challenge a $30 million penalty following a judge’s finding that it misled investors about the risk profile of its financial products.
Class action filed over COVID-19 outbreak at Newmarch House
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A class action has been filed on behalf of 25 people whose loved ones died during a COVID-19 outbreak at the Newmarch House in Sydney.
Optus hit with class action over data breach
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Optus has been hit with a class action on behalf of current and former customers whose personal information was exposed in a massive data breach last September that affected up to 10 million people.
Lachlan Murdoch drops defamation case against Crikey publisher
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Fox News CEO Lachlan Murdoch has dropped his defamation lawsuit against Crikey publisher Private Media over an article that allegedly linked him to the January 6 attack on the US Capitol.
Banks face ACCC scrutiny over interest rate-setting
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The competition and consumer regulator is examining how banks set interest rates on savings accounts and why they are not in line with the Reserve Bank’s cash rate increases, as part of an inquiry launched in February.
Lawyers would be subject to anti-money laundering laws under ‘overdue’ reforms
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Reforms to simplify and modernise Australia’s anti-money laundering and counter-terrorism financing regime will see lawyers and accountants subject to the regulations for the first time.
Scenic Tours can’t dodge $10M damages ruling in cruise class action
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Cruise operator Scenic Tours is stuck with a $10 million damages bill but has avoided paying for disappointed traveller’s flights, after an appeals court mostly rejected its appeal of an award to travellers who were promised a “once in a lifetime cruise along the grand waterways of Europe” but were instead forced to take the bus.
Qantas asks for meeting with ACCC after Alliance acquisition hits wall
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The competition regulator has opposed Qantas’ acquisition of Brisbane-based regional airline Alliance Aviation Services, saying the deal was likely to substantially reduce competition in air transport for mining companies in Western Australia and Queensland.
‘It’s game over’: Victoria tries again to stay hotel quarantine class action amid criminal case
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The state of Victoria is trying again to stay a class action over the 2020 hotel quarantine debacle in light of a pending criminal action against the Department of Health, telling an appeals court the fundamental principles of the criminal justice system must be protected.