The Australian Securities and and Investments Commission has won a $57.5 million judgment against two units of National Australia Bank for making misleading representations to superannuation customers regarding $100 million in fees charged for services they never received, far short of the $125 million sought by the corporate regulator.
A judge has slammed the pleadings in a $1 billion class action against Facebook and Google over cryptocurrency ad bans as “vague and general” and refused to let the matter progress until a better case is brought.
A Victoria Supreme Court judge has given the greenlight to a $5.7 million settlement in a class action brought by those injured during a 2016 stampede at the Falls Music and Arts Festival.
The competition watchdog will not oppose Mylan NV’s proposed merger with Pfizer’s Upjohn Inc after the global pharmaceutical giants agreed to sell several off-patent brands to dispel competition concerns.
A judge overseeing the Ruby Princess class action has cautioned funders against “double dipping” when seeking payouts from group members, while cruise line Carnival has attempted to shift part of the blame for the COVID-19 debacle onto the Prime Minister.
App stores have become the latest battleground in the the Australian Competition and Consumer Commission’s investigation into digital platforms, with the regulator promising to look at data sharing practices, pricing and competition between Google and Apple, the two biggest players in the market.
The Australian Competition and Consumer Commission has signed an information sharing agreement with four competition regulators around the globe that will boost its current and future investigations into Google and Facebook.
A former executive of BlueScope Steel has pleaded guilty to obstructing an Australian Competition and Consumer Commission price fixing investigation, in the first criminal charges ever brought against an individual in relation to an ACCC probe.
Social media giant Facebook has come out swinging over the Morrison government’s proposed news media bargaining code, threatening to stop Australians from sharing local and international news on Facebook and Instagram if the code becomes law.
The Australian Competition and Consumer Commission has told lawyers it will no longer publicise its investigations into completed mergers, which until now have been listed on the mergers public register.