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The Australian Securities and Investments Commission has accused Finnish microloan company Ferratum of overcharging vulnerable, low-income consumers during the height of the COVID-19 pandemic.
BlueScope meeting made distributor ‘extremely uncomfortable’, ACCC tells court
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BlueScope general manager Jason Ellis made executives of a steel distributor “extremely uncomfortable” in a meeting where he presented the steel giant’s price list, a court hearing the ACCC’s price-fixing case was told Monday.
Barrister who repped execs in long-running ASIC case appointed Federal Court judge
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A silk and former Clayton Utz litigation partner who represented the directors of failed telco OneTel in a nearly decade-long ASIC case that ended in a defeat for the corporate regulator has been appointed a judge on the Federal Court.
Seven McDonald’s franchises now facing lawsuits over unpaid rest breaks
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A McDonald’s franchise has been hit with a lawsuit accusing it of deliberately withholding workers’ paid rest breaks and committing “horrifying” and “shameful” violations of the Fair Work Act, the seventh such lawsuit to be filed by the union representing fast food workers.
Binding statement as good as class action in age pension case, judge told
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The federal government is seeking to avoid a representative proceeding brought on behalf of Indigenous men alleging its failure to “close the gap” in life expectancy necessitates a lower age eligibility for their fair and equal access to the age pension.
Thomson Geer to give all staff 10% pay rise
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Thomson Geer is giving all staff a 10 per cent pay bump, less than a week after Big Six law firm Gilbert + Tobin announced similar measures amid tight competition for talent in the legal market.
Law firm wants to use class action list to help group members in Tandem liquidation
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Shine Lawyers is seeking court permission to use a list of employees provided by collapsed telecommunications contractor Tandem in a stayed class action to assist group members with making claims and recovering losses in the company’s liquidation.
ACCC puts government agencies on notice about bid-rigging
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The Australian Competition and Consumer Commission has warned public agencies not to encourage businesses to coordinate bids for tenders, saying an investigation showed government departments had “contemplated cooperation” by competitors.
Administrators seek more time to sort through 25 potential buyers for Atlas Gaming
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The administrators of pokie manufacturer Atlas Gaming, of which former Victoria Premier Jeff Kennett is a major shareholder, are seeking an extension of time to finalise the sale of the struggling business which owes more than $9.5 million to creditors, shareholders and employees.
Criminal cartel case dropped against ANZ, group treasurer over $2.5B share placement
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In a major blow to the competition regulator’s high-profile price-fixing case over ANZ’s $2.5 billion capital raising, prosecutors have dropped all charges against the bank and its group treasurer, Rick Moscati.