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The outgoing deputy chair for the Australian Competition and Consumer Commission says Australia “really needs” a new unfair practices law, echoing sentiments from the regulator’s former boss.
Medibank won’t pay ransom to criminal behind cyberattack
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Medibank will not pay a ransom to a criminal who stole the data of 9.7 million customers, saying it would encourage extortion.
Fonterra to pay $25M to settle class action over slashed milk prices
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Fonterra has agreed to shell out $25 million to settle a class action by dairy farmers alleging they were underpaid when Fonterra slashed milk prices and sought a “clawback” in 2016.
Allianz to see law firms’ ATE policy in class action over ‘junk’ car insurance
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The applicants in a consumer class action against Allianz have been ordered to produce an insurance policy that covers them for the risk of losing the case, which the insurer says will inform its bid for security for costs.
GetSwift class action applicant must ‘bite the bullet’, judge says
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A judge overseeing a shareholder class action against the now failed GetSwift has urged the applicant to decide soon if he will forge ahead with a problematic settlement, seek summary judgment or wait to see what comes of the parent company’s bankruptcy case.
Wife of billionaire developer can’t suppress affidavits in $272M ATO case
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The wife of a billionaire developer targeted in a $272 million proceeding by the Australian Taxation Office has lost a bid for suppression orders over the affidavits of a tax official she said would cause the couple to suffer reputational and commercial harm.
Dell misled online customers about inflated discounts during COVID lockdowns, ACCC says in new case
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The consumer regulator has taken Dell Australia to court for allegedly making misleading statements about the price of add-on monitors that could be purchased with Dell computers during the height of the COVID-19 pandemic.
White & Case nabs competition partner
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White shoe firm White & Case has lured a partner from Norton Rose Fulbright to beef up its competition capabilities in Australia.
Class action barristers among new crop of Victorian silks
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Twenty-three barristers have joined the ranks of senior counsel in Victoria, including lawyers who have helped secure hundreds of millions of dollars in class action settlements.
Class action trial looms for CBA over money laundering disclosures
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The Commonwealth Bank of Australia faces trial Monday in one of several class actions filed against a major Australian company in recent years over allegedly lax money laundering practices and disclosures.