Prosecutors have withdrawn two-thirds of the charges in a criminal cartel case over a $2.5 billion ANZ share placement and have dropped their case against former Citigroup CEO Stephen Roberts, according to a lawyer in the case.
A judge has found PwC should face a claim that it engaged in misleading and deceptive conduct while assisting Chinese lender Aoyin with its planned launch in Australia by failing to properly advise the company there was a risk its shareholders did not comply with APRA’s ‘fit and proper’ requirement.
Criminal cartel charges against the CFMEU and its ACT branch secretary have been dropped amid concerns about witnesses’ ability to recall the events at the centre of the case, two months after witness credibility concerns led to a stinging defeat for the ACCC in the Country Care criminal cartel trial.
International sporting goods giant Decathlon has been ordered to pay a $1.5 million penalty for selling hundreds of basketball hoops and inflatable swimming pools that did not comply with mandatory safety standards.
Prosecutors might cut the number of criminal cartel charges levelled against money transfer business Vina Money and five individuals who allegedly fixed the foreign exchange rate on millions of dollars transferred between Australian and Vietnam between 2011 and 2016, a court has heard.
Google will have to hand over documents relating to its infamous ‘Oh Shit’ meeting to the ACCC, with a judge finding the material was “sufficiently likely” to be relevant to any penalties the search giant will face for misleading consumers about use of their location data.
The ACCC wants Google to produce documents related to its infamous ‘Oh Shit’ meeting, which the consumer regulator says will be relevant to the tech giant’s state of mind and the judge’s penalty in a case over representations to users about their location data.
The Australian Competition and Consumer Commission has won a challenge to a ruling that tossed its case against specialist workplace relations company Employsure, with an appeals court finding the regulator was right that the company had misled small businesses into signing long term contracts via Google ads that appeared to be government affiliated.
A judge has found collapsed education provider Phoenix Institute acted unconscionably and with “callous indifference” by enticing vulnerable consumers to enrol in unsuitable courses with promises of free laptops.
Small business owners who turned to the Bank of Queensland for financial assistance were subject to unfair contract terms that created a “significant imbalance” in the rights of the bank and its customers, a court has held.