Group members will walk away with nothing under a settlement in a seven-year old class action against the Commonwealth Bank of Australia on behalf of borrowers who claimed they were forced to default on their commercial loans.
Google’s Fitbit has been ordered to pay $11 million for misleading statements about customers’ rights to refunds or replacements for faulty devices.
Australia Post has agreed to compensate business for lost or damaged parcels after admitting it likely engaged in misleading or deceptive conduct when it refused claims for compensation.
Glencore-owned Viterra must pay indemnity costs to four Joe White employees it dragged into a 10-year feud with Cargill over the $420 million sale of the Joe White business, after a judge found its claims against them were “hopeless from the outset”.
ANZ has criticised the ACCC’s objection to its planned $4.9 billion merger with Suncorp, arguing before a tribunal that the alleged “uncertain” effects on competition in banking was not a sufficient reason to block the deal.
The applicant in a nine-year-old class action over the government’s 2011 live exports ban has urged the Commonwealth to pay up to $900 million to settle the case, after earlier settlement efforts flopped.
Qantas has hit back the ACCC’s argument that the airline failed to respond to key allegations in its ‘ghost flights’ case, telling the court it’s the regulator’s job to particularise its claims.
Power tool maker Techtronic has been ordered to pay a record $15 million penalty after admitting it told resellers to set a minimum price for Milwaukee branded products, for which it is a wholesale supplier.
The Australian Competition and Consumer Commission will not oppose Coles’ plans to acquire two milk processing plants from Saputo, saying the $105 million deal is not likely to substantially lessen competition.
Consumer goods giant Procter & Gamble Australia made misleading statements that its Fairy ‘30 Minute Miracle’ dishwashing tablet was better at cleaning than Reckitt Benckiser’s Finish Platinum Plus, but both companies made false claims about their products, a judge has found.