Allens

Insurer IAG has provided a draft undertaking in the hopes of alleviating the ACCC's concerns that its $1.35 billion takeover of the RAC WA’s insurance operations would substantially lessen competition for certain insurance products in the state.

Hitting back at a class action's claims that it breached gambling laws with its 'fast code' betting, Sportsbet told a trial judge on Tuesday its representatons about the service were true, and that in any case punters weren't entitled to damages that didn't account for winnings.

Sportsbet's 'fast code' betting system was not a genuine telephone betting service because customers had already transmitted  information before making the call, according to a class action which argues punters would not have placed bets had they known the system was illegal. 

A judge will approve deductions that will leave less than half of a $22.5 million class action settlement against two former CBA wealth management units left over for distribution to group members.

As proof of its popularity as a class action jurisdiction, the Supreme Court of Victoria will hear opening submissions in three class action trials on Monday, an unprecedented number in a single day for the court.

KPMG has confirmed that former chief operating officer Eileen Hoggett kept confidential Lendlease documents in a locker at the firm's Sydney office, after fresh inquiries substantiated whistleblower allegations.

Real estate investment firm ISPT on Wednesday failed in its challenge to a $10.7 million stamp duty assessment, with a judge finding Victoria's revenue office was entitled to lump two acquisitions together.

Metals Manufactures has launched legal action for $33 million in damages against Fletcher Building and unit Crane Group, saying it was misled into paying $170 million for plumbing supply business Tradelink.

A judge has dismissed Woodside's bid to compel three protesters who carried out a stunt involving the release of ‘stench gas’ at its office to identify other individuals involved, calling the gas giant’s suspicions "conjecture and speculation". 

The competition regulator has given its draft approval to Fortnite maker Epic Games and Google for their global settlement of allegations of misuse of market power by the digital giant.