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EGR hit with $6M fine for exclusive dealing
Competition & Consumer Protection 2018-09-28 8:32 pm By Cat Fredenburgh

The Federal Court has imposed a $6.35 million fine against manufacturer EGR and its director for exclusive dealing, bringing the fines won by the ACCC over the cartel for the supply of polycarbonate to almost $12 million.

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AGM denied anti-suit injunction to block ASIC case
Financial Services 2018-09-27 9:41 pm By Cat Fredenburgh

A judge has shot down a request by financial services company AGM that the court halt an ASIC  proceeding seeking to revoke its financial services licence while a Federal Court case against it progresses.

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Equifax to pay $3.5M for ‘disgraceful’ conduct
Competition & Consumer Protection 2018-09-27 8:48 pm By Miklos Bolza

A judge has signed off on a $3.5 million settlement in a case brought by the consumer watchdog against Equifax Australia, with the credit reporting company admitting it made misleading claims in selling paid credit packages to vulnerable consumers.

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NAB hit with class action over ‘worthless’ credit card insurance
Financial Services 2018-09-27 4:08 pm By Cat Fredenburgh

Slater and Gordon has filed the first class action over “worthless” credit card insurance, alleging  National Australia Bank violated consumer protection laws when it sold the insurance to customers who were not eligible to bring a claim under the plans’ terms and conditions.

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IVF clinic sues rival for copying ‘chubby cheeks’ ad campaign
Competition & Consumer Protection 2018-09-26 5:17 pm By Cat Fredenburgh

An IVF clinic that pioneered the use of artificial intelligence for embryo selection has sued a rival clinic for allegedly copying an advertising campaign featuring the slogan “more chubby cheeks”.

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Fitness First pays ACCC fine for overcharging members
Competition & Consumer Protection 2018-09-26 2:51 pm By Christine Caulfield

Fitness First has been hit with a $12,600 fine for overcharging members for processing direct debit payments, the consumer watchdog said Wednesday.

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ACCC to probe competition in wine grape industry
Competition & Consumer Protection 2018-09-26 2:27 pm By Cat Fredenburgh

The ACCC is taking another look at market health in the agricultural sector with a new inquiry focused on competition in the market for wine grapes.

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Ex-Sirtex CEO charged with insider trading
Securities 2018-09-26 1:24 pm By Cat Fredenburgh

The former CEO of biotech company Sirtex Medical has been charged with insider trading.

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Trendy Aussie designer sues over handbag copyright
Intellectual Property 2018-09-25 9:40 pm By Cat Fredenburgh

A popular Australian designer of neoprene athleisure handbags has filed a lawsuit against another designer for making bags that allegedly copy the design of its trendy totes.

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ACCC to review Knauf’s $US7B takeover of USG
Construction 2018-09-24 4:15 pm By Cat Fredenburgh

The ACCC is reviewing two deals that would give Germany-based construction giant Knauf a bigger share of the market for construction materials in Australia.

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