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Garuda appeals $19M penalty for air cargo price-fixing
Appeals 2019-06-27 8:31 am By Cat Fredenburgh

Indonesian national airline Garuda is appealing a $19 million price-fixing fine, the second largest penalty in the ACCC’s decade-long global cartel case over air cargo price-fixing.

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Aboriginal art supplier fined $2.3M for duping customers with fakes
Competition & Consumer Protection 2019-06-26 1:26 pm By Christine Caulfield

A judge has fined an Aboriginal art and souvenir supplier a total of $2.3 million after ruling that the Queensland-based company, which is now in liquidation, misled consumers about the origin of its products.

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Red Rich Fruits amends contracts with growers amid ACCC concerns
Competition & Consumer Protection 2019-06-25 5:25 pm By Amelia Birnie

Australian fresh fruit trader Red Rich Fruits has agreed to change potentially unfair contract terms that forced growers to provide credits for rejected fruit, amid concerns by the Australian Competition and Consumer Commission of widespread non-compliance in the industry.

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ASIC drags ex-Murray Goulburn execs to court
Securities 2019-06-25 2:18 pm By Cat Fredenburgh

The former directors of Murray Goulburn, who admitted in proceedings brought by the ACCC to aiding in false representations the dairy co-op made to farmers about the farmgate milk prices it would pay during the 2015-16 season, are now facing a separate lawsuit by the Australian Securities and Investments Commission.

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Murray Goulburn pays $42M to settle shareholder class action
Class Actions 2019-06-24 8:55 pm By Amelia Birnie

Dairy supplier Murray Goulburn has agreed to pay $42 million to settle one of two shareholder class actions over a 2016 profit forecast revision that sent the co-op’s unit price falling more than 40 per cent in five days. 

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Judge pauses ASIC case against ANZ over $2.5B share placement
Securities 2019-06-21 11:35 pm By Cat Fredenburgh

ANZ Bank has secured a stay of the corporate cop’s civil penalties proceeding over disclosures related to its $2.5 billion equity capital raising while it fights criminal cartel charges related to the controversial share placement.

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Hundreds of privileged advice docs accidentally disclosed in Radio Rentals class action
Class Actions 2019-06-21 6:59 pm By Amelia Birnie

Lawyers for Radio Rentals are trying to take back hundreds of potentially privileged documents in a consumer class action over the company’s ‘Rent, Try, $1 Buy’ program, after they were accidentally disclosed as a result of an IT redaction error.

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Gilbert + Tobin nabs in-house bigwig for competition group
People In The News 2019-06-20 9:28 pm By Cat Fredenburgh

Gilbert + Tobin has lured the former global head of antitrust at Swiss pharmaceutical giant Novartis to its competition group.

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Maurice Blackburn reunites with air cargo lead applicant in cartel class action against banks
Competition & Consumer Protection 2019-06-20 3:09 pm By Christine Caulfield

The law firm running a cartel class action alleging manipulation of foreign exchange rates by five global investment banks is teaming up with the same lead applicant that represented group members in the price-fixing case against major international airlines.

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Ex-HWL Ebsworth lawyer admitted errors in Sydney land tender, court hears
Real Estate 2019-06-19 8:13 pm By Amelia Birnie

A court has heard a former HWL Ebsworth property lawyer admitted to errors in a due diligence report missing crucial flood risk information that is at the centre of a trial over a $28.5 million sale of Crown-owned land in Sydney.

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