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Franchise giant Retail Food Group has been hit with a class action on behalf of current and former franchisees of the company’s Michel’s Patisserie brand.
Mercedes-Benz hit with $650M lawsuit over dealer model change
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German luxury car maker Mercedes-Benz has been hit with a $650 million lawsuit by Australian dealers over the company’s decision to change to a fixed-price agency model.
Colonial First State ordered to pay $20M for misleading 13,000 MySuper members
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The Federal Court has slugged wealth management firm Colonial First State Investments with a $20 million penalty for misleading almost 13,000 superannuation members about their MySuper entitlements through a “concerted campaign” that lasted two years.
Virtus ‘author of its own fate’ if Adora acquisition fails, judge says
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IVF provider Virtus Health would be “the author of its own fate” if its proposed acquisition of rival Adora Fertility flopped, a judge has said in hearing the ACCC’s bid for a temporary injunction blocking completion of the planned purchase.
US bank boss launches defamation case against 60 Minutes over $100M tax fraud claims
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The CEO and founder of Euro Pacific Bank, Peter Schiff, has launched a defamation lawsuit against the Nine Network over a 60 Minutes episode that allegedly implied he “facilitated the theft of millions of dollars from the Australian people” by assisting customers to commit offshore tax fraud.
Christian Porter dodges committee examination of secret donations
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The federal government has shot down a Labor push for the privileges committee to examine former Attorney-General Christian Porter after he refused to reveal information about an anonymous donor that covered a portion of his costs in defamation proceedings against the ABC.
‘BS free’ makeup brand MCoBeauty accused of lying to consumers
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The manufacturer of the popular 1000Hour Lash & Brow Dye has accused “luxe-for-less” cosmetics company MCoBeauty of infringing its trade mark with its new 2000 Hour Lash & Brow Tint and misrepresenting to consumers that the product lasts twice as long.
Companies can’t block ATO’s grilling of disgraced accountant Vanda Gould
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Three companies operated by convicted accountant Vanda Gould have failed again to block further cross examination of Gould by the Commissioner of Taxation in a number of tax appeals in the Federal Court.
Judge slams notice of ‘very light’ GetSwift class action settlement
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A judge has criticised a proposed settlement notice in a shareholder class action against GetSwift for failing to inform group members of how much they would receive from the “very light” settlement, which relies heavily on the logistics firm’s success after relocating out of Australia.
Class action firms circle Star following $1B share price plunge
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Star Entertainment Group is facing two possible shareholder class actions over alleged failures in the management of its anti-money laundering and counterterrorism financing risks.