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Mastercard has hit back at the ACCC’s claims that it sought to prevent competition with EFTPOS through strategic agreements with large retailers, saying the deals were struck for “benign and pro-competitive” reasons.
Mastercard made ‘strategic’ agreements with large retailers like Coles and David Jones to keep them from routing through EFTPOS, offering discounted exchange rates that left smaller businesses footing the bill, the ACCC told the court on the first day of trial.
A judge hearing a class action against J&J over allegedly ineffective cold medications has questioned the merits of soft class closure in large consumer cases where participation is likely be low, just days after another judge raised similar concerns in a case against Toyota.
Aquaculture group Seafarms wants the court to strike-out a suit by Kathmandu founder Jan Cameron alleging the ASX-listed company misled shareholders about its plans to build the world's largest prawn farm in the Northern Territory.
Developer Mulpha is considering launching cross-claims against contractors in a class action on behalf of owners and investors of homes in a 683-lot development in Glenmore Park, NSW.
A hearing set for this week on relief sought by Fortnite maker Epic Games in its competition case against Google will not go ahead as planned, after the companies reached a global settlement. But the terms of the deal remain to be approved by the ACCC.
Corrs Chambers Westgarth has hired a competition specialist from Magic Circle firm Slaughter & May to join the firm's Sydney office as a partner.
A leading competition law barrister has been appointed as the federal government’s chief legal advisor, with the government’s kids social media ban and attacks on hate speech laws to be among her early challenges.
A judge has said he will not be able to decide all the suppression applications in the ACCC’s misuse of market power case against Mastercard ahead of trial, saying the court was facing an “unreasonable, if not oppressive” burden.
A former RAMS franchisee has raised concerns about a joint trial of its case with a related class action against the defunct Westpac home loan subsidiary, saying the overlap between the cases may be “much less than advertised”.