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Samsung in hot water with ACCC over water resistant claims
Competition & Consumer Protection 2019-07-04 1:41 pm By Miklos Bolza

The Australian Competition & Consumer Commission has commenced legal action against Samsung Electronics for allegedly making false, misleading and deceptive representations when marketing the water resistant capabilities of its Galaxy smartphones.

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Stephen Ridgeway to be new ACCC mergers commissioner
People In The News 2019-07-03 10:57 pm By Cat Fredenburgh

Former King & Wood Mallesons partner Stephen Ridgeway has been appointed as the new mergers commissioner at the Australian Competition and Consumer Commission.

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In latest AMP class actions, judge nudges parties away from beauty parade
Class Actions 2019-07-03 3:41 pm By Christine Caulfield

A judge overseeing competing consumer class actions against AMP over superannuation fees said he would be “reluctant” to hold a contest between the two cases, as the applicants in the rival proceedings tell the court they are in talks about possible consolidation.

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Ex-Sirtex CEO pleads guilty to insider trading
White Collar 2019-07-03 3:25 pm By Amelia Birnie

The former CEO and director of biotech company Sirtex Medical, Gilman Wong, is facing a maximum ten years in prison after pleading guilty to insider trading.

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Country Care slams prosecutors for ‘argumentative’, ‘vague’ criminal cartel case
Competition & Consumer Protection 2019-07-02 9:08 pm By Miklos Bolza

Country Care Group has criticised the DPP for the “argumentative” tone of the notice setting out its criminal cartel case against the mobility equipment provider, and has secured an order for further clarity from prosecutors.

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Mondelez overvalued Aussie biz in $460M sale to Bega, suit claims
Corporate 2019-07-01 9:43 pm By Cat Fredenburgh

Bega Cheese is accusing global food giant Mondelez of overstating the value of the Australian assets purchased for $460 million in July 2017 as part of a deal that’s also at the centre of an ongoing dispute with Kraft over peanut butter trade dress rights.

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Judge flushes ACCC’s consumer case over Kimberly-Clark wipes
Competition & Consumer Protection 2019-06-28 3:42 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has lost its case alleging Kimberly-Clark made misleading representations about its flushable wipes, with a judge finding the consumer regulator failed to provide sufficient evidence to show the wipes caused harm to sewage systems.

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Queensland law firm says excessive fees class action ‘costing them a fortune’
Class Actions 2019-06-27 8:14 pm By Amelia Birnie

A judge has told the lead plaintiff in a class action over allegedly excessive legal fees to get their ā€œhouse in orderā€, amid complaints by the Queensland compensation law firm at the centre of the dispute that the litigation is ā€œcosting them a fortuneā€.

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Optus hit with fresh lawsuit over NBN rollout marketing
Competition & Consumer Protection 2019-06-27 8:06 pm By Amelia Birnie

The consumer watchdog has issued fresh proceedings against Optus over its National Broadband Network marketing, alleging the telecommunications giant sent a misleading email to consumers just two days after it copped a $1.5 million penalty for similar conduct.

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ACCC appeals loss in case over Pacific National, Aurizon terminal deal
Competition & Consumer Protection 2019-06-27 9:58 am By Christine Caulfield

The Australian Competition and Consumer Commission is appealing the dismissal of its case over Pactific National’s purchase of Aurizon’s Acacia Ridge Terminal in Queensland, challenging the Federal Court’s power to accept Pacific National’s last-minute promise to ensure access to the major freight terminal by competitors.

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