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Class action against Zurich over faulty apartments gets go-ahead
A class action against Irish insurer Zurich Insurance Plc by unit owners of the defective New Zealand-based Victopia Apartments can proceed in Australia after the NSW Supreme Court ruled the case could not be filed elsewhere.
ASIC takes ‘wolf’ trader Tyson Scholz to court
The Australian Securities and Investments Commission has launched court proceedings against the self-proclaimed 'wolf' of the ASX, social media celebrity Tyson Scholz for allegedly providing financial services without a licence.
Nine hit with discrimination class action over $30M Palm Island settlement coverage
Nine Network has been hit with a class action by Indigenous Australians who say the broadcaster's coverage of a $30 million class action settlement being "rorted" by Palm Islanders was discriminatory and inaccurate.
Deloitte can’t dodge client’s fraud claims, 16 years after alleged conduct
Accounting giant Deloitte has lost its bid to throw out a former client's lawsuit alleging negligence and fraud over a failed interposition under tax law that occurred more than 16 years ago.
ACCC launches case against Booktopia over ‘misleading’ refund policy
The Australian Competition and Consumer Commission has launched proceedings against online book retailer Booktopia for allegedly making false or misleading statements about consumers' rights to refunds for faulty books.
‘Full-blooded’ fight brewing between competing a2 Milk class actions
A “full-blooded carriage fight” is set down for next year between two competing class actions alleging dairy giant a2 Milk misled shareholders with an overly optimistic prediction of its infant formula sales.
Biogen may sue third generic drug maker to protect MS drug Tecfidera
Swiss pharmaceutical company Biogen is considering a third patent infringement lawsuit against a drug maker to shield its monopoly in Australia for blockbuster multiple sclerosis drug Tecfidera from generic competition.
ACCC staff training ‘inadequate’ during bank cartel probe, court hears
A senior ACCC officer has been grilled on whether staff training on criminal cartel investigations was “inadequate” while the competition regulator ran a cartel probe into ANZ’s $2.5 billion share placement in 2016.
Qantas in court battle over failed $35M flight academy partnership
Qantas is locked in a legal battle with a US-based pilot training provider over failed negotiations concerning the development of a $35 million pilot academy in regional Queensland.
ACCC blesses $23.6B private equity takeover of Sydney Airport
The Australian Competition and Consumer Commission will not oppose the $23.6 billion takeover of Sydney Airport by an international consortium of investors, finding further consolidation is unlikely to lessen competition in a market which is already a "natural monopoly".