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Infrastructure services company Downer EDI has been hit with a second shareholder class action following revelations of accounting irregularities that sent its share price tumbling.
Class actions pile up over Medibank data breach
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Private health insurer Medibank has been served with a second class action over a data breach exposing the personal details of 10 million customers.
Barrister’s $320,000 bill set aside as appeals court takes ‘purposive approach’ to disclosure rules
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An appeals court has set aside a barrister’s $320,000 bill for a case initially estimated to cost $60,000 in counsel fees, applying a “purposive approach” to the rules governing lawyers’ disclosure obligations.
In class action defence, Apple says App Store commissions the price to pay for innovation
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Apple has denied it engaged in anti-competitive conduct in operating its App Store in a class action brought over allegedly inflated commissions on certain apps and in-app purchases.
Melissa Caddick’s parents, receivers strike deal over Edgecliff property
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The parents and receivers for accused Sydney fraudster Melissa Caddick have reached a deal over a multi-million dollar property in Sydney’s East, but the compromise remains to be blessed by out-of-pocket investors.
Virgin, Alliance charter pact grounded by competition watchdog
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The Australian Competition and Consumer Commission has put the brakes on a cooperation agreement between Virgin Australia and Alliance Airlines for fly-in fly-out customers, citing concerns about increased prices and reduced services.
ACCC says vitamin maker’s shark source claims smell fishy
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Australian supplement manufacturer and retailer Universal Pharmaceuticals has admitted that it likely misled customers about the origin of shark products used in a supplement sold on its
Wealthy Heath website.
Racing Victoria planned agreement to ‘seriously breach’ competition laws, court hears
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Racing NSW has accused its Victorian counterpart of planning an anti-competitive agreement with five other states to exclude it from the thoroughbred racing industry, as it seeks documents to bring potential claims.
Shipping exec who felt pressured to retire wins $230,000 judgment
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A former chief accountant for MUR Shipping who claims he was pressured to retire has won an appeal in his age discrimination case, bumping his damages award up from $20,000 to around $230,000.
Bloomex to admit to duping consumers with online ratings
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Online florist Bloomex will admit to the Australian Australian Competition and Consumer Commission’s allegations that it violated consumer laws by posting misleading customer ratings on its website.