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Full Court triples ‘manifestly inadequate’ penalty against Employsure
Competition & Consumer Protection 2023-02-08 11:34 am By Cindy Cameronne

The Australian Competition and Consumer Commission has won its appeal against Employsure over alleged misleading Google advertisements, with the Full Federal Court upping the penalty against the specialist workplace relations consultancy from $1 million to $3 million.

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Law firms pounce on Star Entertainment as fourth class action filed
Class Actions 2023-02-07 12:17 pm By Cindy Cameronne

A four-way fight to lead a shareholder class action against Star Entertainment could be on the cards after a fourth law firm filed a representative proceeding alleging the company’s share price plummeted following revelations of alleged money-laundering breaches.

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Star Entertainment hit with third shareholder class action
Class Actions 2023-02-06 9:15 pm By Cat Fredenburgh

Star Entertainment is facing a third shareholder class action alleging it failed to disclose material information about its compliance with anti-money laundering and counter-terrorism financing regulations, after being slapped with $200 million in fines by state gambling regulators.

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United Petroleum hit with franchisee class action over ‘unprofitable’ Pie Face stores
Class Actions 2023-02-02 10:21 pm By Cat Fredenburgh

United Petroleum has been hit with a class action on behalf of franchisees who allege they suffered loss when the petrol giant installed loss-making Pie Face stores at its franchise sites.

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Crypto class action members ‘wholly unprotected’ by self-repped applicant, Meta says
Competition & Consumer Protection 2023-02-02 11:20 pm By Christine Caulfield

Arguing the interests of the self-represented applicant and group members are in conflict, Meta and Google are urging a court to shut down a class action accusing the digital giants of breaching competition law by banning cryptocurrency ads on their platforms.

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Judge asks GetSwift GC why he didn’t call out directors for being ‘bullies’
Securities 2023-01-31 8:05 pm By Cindy Cameronne

A judge has grilled the former general counsel of defunct logistics company GetSwift about why he did not confront the company’s directors for “bullying” other executives when they raised concerns about alleged continuous disclosure breaches.

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Judge ‘confused’ by ACCC’s rejection of $1.8B Telstra, TPG mobile network deal
Competition & Consumer Protection 2023-01-30 4:49 pm By Cindy Cameronne

The ACCC’s rejection of a regional network arrangement between Telstra and TPG was “confusing” and the telecos might be free to vary the transaction, says a judge who is overseeing a challenge to the competition regulator’s decision.

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ACCC takes aim at social media influencers
Social Media 2023-01-27 1:50 pm By Sam Matthews

The Australian Competition and Consumer Commission has begun a sweep of social media sweep over concerns about “manipulative marketing techniques” employed by influencers.

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Mesoblast looks to exclude some investors from shareholder class action
Class Actions 2023-01-25 1:54 pm By Cindy Cameronne

Regenerative medicine company Mesoblast has hit back at a shareholder class action over its Remestemcel-L treatment for COVID-19, saying that some group members are barred from bringing claims because of a settlement reached in a US class action.

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Walk-away settlement reached with directors in RCR Tomlinson shareholder class action
Class Actions 2023-01-20 11:15 am By Cindy Cameronne

An investor class action against RCR Tomlinson has reached a walk-away settlement agreement with two former directors of the failed engineering company.

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