Any claims that Australia will face a US-style explosion of class actions if lawyers are free to charge contingency fees are unwarranted, the head of the Victorian Law Reform Commission told Lawyerly in response to criticism of recent litigation reform proposals.
Baby brand GAIA has lashed out at the consumer watchdog for issuing a press release announcing a $37,800 fine against the company for misleading ‘organic’ labels on three of its products, saying the release itself was “potentially misleading” to consumers.
The Fair Work Ombudsman lost its argument for $4.1 million in penalties against the CFMMEU for industrial action at shipping terminals in Sydney and Brisbane, with a judge instead fining the union just $38,000.
Danone’s Nutricia unit has defeated a challenge by New Zealand’s dairy cooperative Fonterra to registration of an Australian patent for the use of a nutritional pill for increasing weight gain in frail, elderly people.
The Federal Court has approved Commonwealth Bank’s $25 million settlement with ASIC over allegations it manipulated the bank bill swap rate.
Toys ‘R’ Us Australia will wind down after all potential buyers pulled out of purchasing the failed toy retailer, administrators said Wednesday.
The trustee for collapsed investment group LKM Capital has reached a settlement in a class action brought on behalf of hundreds of investors who sunk $63 million into the failed firm.
An Australian acai berry company has hit back at accusations it co-opted the pioneering narrative of US acai berry bowl maker Sambazon to promote a competing business.
Class action lawyers should be allowed to charge contingency fees and earn a percentage of any settlement, the Victorian Law Reform Commission said Tuesday on the much anticipated release of its report into class action funding.
Apple will pay $9 million to resolve a case by the ACCC alleging the US tech giant’s repair policies were in breach of the Australian Consumer Law, according to a court order Monday.