The Australian Securities and Investments Commission has asked a court to impose penalties of up to $36 million on an AMP subsidiary for failing to take reasonable steps to stop its representatives from churning life insurance policies.
The Australian Competition and Consumer Commission has told the court there’s “at least a real chance” TPG will resume plans to roll out a 5G mobile network after its earlier plans were thwarted by the government’s ban on the use Huawei technology, as the regulator defends its decision to block the proposed $15 billion tie-up between TPG and Vodafone.
Israeli drug giant Teva and German drug maker Boehringer Ingelheim have settled their dispute over a patented capsule used to deliver the medicine in Boehringer’s top-selling inhaler Spiriva.
ANZ Bank will not pay a cent to franchisees in its settlement of two class actions that allege the bank breached its responsible lending obligations and engaged in unconscionable conduct by giving loans to purchasers of 7-Eleven franchises.
The Australian Competition and Consumer Commission has taken the operator of the Jump! swim school franchise and its director to court for allegedly promising franchisees that it would hand over an operational franchise within 12 months of signing a franchise agreement when it had no reasonable basis for making the promise.
A court has trimmed 10% off a $300,000 penalty against the former CEO of failed Gold Coast finance company MFS Group, after he successfully argued his role in the misappropriation of $147.5 million in trust funds was not as an officer of the company.
A Sydney-based plastic surgeon has been given another chance to fix “fundamental problems” in its copyright case against the ABC or using pictures of him in an article about a woman whose breast reportedly exploded after receiving breast augmentation surgery from him.
A judge overseeing a trial in a class action over the Montarra oil spill has ruled it necessary for Indonesian seaweed farmers to use the word âoilâ in their evidence, after oil company PTTEP tried to argue they were not qualified to identify the substance.
A second combustible cladding class action has been launched, this time against Fairview Architectural, the Australian manufacturer of Vitrabond polyethylene cladding, which it claims has been used at major Australian airports, entertainment facilities and government buildings.
A judge has baulked at an application by labour hire company Chandler Macleod and BHP unit Mt Arthur Coal seeking security for their legal costs in two casual worker class actions, saying Fair Work cases were not the same as shareholder class actions.