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Coles, Woolworths hit with class actions over discount claims
Class Actions 2024-11-14 5:39 pm By Cat Fredenburgh

Coles and Woolworths have been hit with class actions on the back of ACCC proceedings alleging the grocery giants misled consumers with false discounts.

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Social media companies to face new duty of care regulations
Social Media 2024-11-13 11:18 pm By Cat Fredenburgh

The Albanese government is planning to introduce new duty of care regulations that would require social media companies to take proactive steps to protect users from harm online.

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High Court to resolve uncertainty over common fund orders
Class Actions 2024-11-08 9:31 am By Cat Fredenburgh

The High Court has agreed to rule on whether common fund orders can ever be made in class actions, including so-called solicitors’ common fund orders allowing lawyers to earn a cut of any settlement.

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ATO, PepsiCo fight over royalty withholding tax goes to High Court
Tax 2024-11-08 11:06 pm By Cat Fredenburgh

The ATO has won the nod from the High Court to appeal a finding that a royalty withholding tax did not apply to payments from Schweppes to PepsiCo under agreements to sell brands like Pepsi and Gatorade in Australia.

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Ex-boss of AI marketing company Metigy charged with misleading investors
White Collar 2024-11-08 11:43 pm By Cat Fredenburgh

The former CEO of failed AI marketing start-up Metigy has been charged with providing false statements to investors and misusing his position as a director following an investigation by the corporate regulator.

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Government to ban social media for kids under 16
Social Media 2024-11-07 11:38 pm By Cat Fredenburgh

The Albanese government has taken aim at social media companies, proposing a world-first ban on access to their platforms for children under 16.

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Carnival settles class action over ‘cruise from hell’
Class Actions 2024-11-04 11:24 pm By Cat Fredenburgh

Carnival has settled a class action on behalf of passengers on a seven-day South Pacific voyage that became the “cruise from hell” when their vessel sailed into a Category 5 cyclone.

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ASIC sues Oak Capital for alleged Credit Code dodge on $37M in loans
Competition & Consumer Protection 2024-10-30 11:06 pm By Cat Fredenburgh

ASIC claims non-bank lender Oak Capital engaged in unconscionable conduct by deliberating employing a business model to skirt the National Credit Code when issuing $37 million in loans.

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S&P entitled to Rolls-Royce defence in CDO class action: court
Financial Services 2024-10-28 11:26 pm By Cat Fredenburgh

S&P is free to pay for a Rolls-Royce defence in “Rolls-Royce litigation” that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.

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Care A2 settles spat with infant formula distributor
Emma Bathurst 2024-10-28 11:40 pm By Cat Fredenburgh

Dairy company Care A2 has settled a dispute with Gensco Laboratories over an agreement to distribute its infant formula in the US that went sour.

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