Another online trader has been hit with a class action by inexperienced investors who lost money while trading in risky derivatives slammed as little more than gambling products.
United Petroleum has given an undertaking to not contact group members in a class action against the petrol giant over the introduction of loss-making Pie Face stores, amid concerns about the treatment of franchisees participating in the case.
The High Court has granted defunct online educator Captain Cook College special leave to appeal a finding that it engaged in systemic unconscionable conduct by enrolling thousands of unsuitable students, who accrued $60 million in debt but never finished their courses.
A New South Wales developer’s argument that the Full Court was “plainly wrong” to dismiss the ACCC’s competition case against NSW Ports over the privatisation of two ports is destined for the High Court, a judge has heard.
In the latest setback for Qantas, the ACCC has said it intends to deny the embattled airline’s bid to coordinate operations with China Eastern Airlines on flights between Australian and China in light of competition concerns.
A judge has questioned an argument by Optus that a report by Deloitte into a major data breach was protected by privilege, saying a press release by the teleco’s boss belied the claim that the provision of legal advice was the report’s chief purpose.
A battle with the competition regulator over the proposed ANZ, Suncorp tie-up has begun, with the first clash involving a group of rival lenders that want their submissions to the ACCC kept under lock and key.
Hungry Jack’s faces calls for a court injunction preventing the burger chain from proceeding with plans to open restaurants in close proximity to a franchisee’s sites on NSW’s Central Coast.
The ACCC has delayed its decision on whether to greenlight Coles’ plans to acquire milk processing plants from Saputo, after expressing competition concerns about the $105 million deal.
The corporate regulator has taken the country’s largest superannuation fund, AustralianSuper, to court for allegedly causing $69 million in losses to customers by failing to merge multiple superannuation accounts.