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Meta wants details of tech capabilities kept under wraps in ACCC case
Cryptocurrency 2022-06-09 7:23 pm By Sam Matthews

Facebook owner Meta is fighting for broad non-publication orders in its battle with the ACCC over material it says could prejudice jury members in criminal proceedings by mining magnate Andrew Forrest.

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Airbnb taken to court for ā€˜misleadingā€™ accommodation prices
Competition & Consumer Protection 2022-06-08 4:26 pm By Harry Thomas

Airbnb has been hit with legal action by the consumer watchdog alleging the prices shown on the vacation rental website differed from what consumers were charged.

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ACCC, Fujifilm ‘close’ to settling case over small biz contracts
Competition & Consumer Protection 2022-06-08 4:14 pm By Cindy Cameronne

The Australian Competition and Consumer Commission is ā€œcloseā€ to settling its case against office supply company Fujifilm over allegedly unfair contracts with small businesses, a court has heard.

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Waste tyre boss owes $2M for using Maersk to take out his trash, shipper alleges
Competition & Consumer Protection 2022-06-08 9:55 pm By Cindy Cameronne

A judge has struck out a defence invoking the right against self-incrimination in a $2 million case brought by freight company Maersk alleging a Melbourne waste tyre company director used the shipper to dump end-of-life tyres overseas.Ā 

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Merricks Capital sues to stop former exec from working at Switzer-led boutique
Employment 2022-06-07 10:33 pm By Cat Fredenburgh

Melbourne-based hard assets investment manager Merricks Capital has filed court proceedings to block its ex-managing director and two other former employees from working at a investment boutique run by financial commentator Peter Switzer and his son Marty.

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Mesoblast hit with second shareholder class action over COVID-19 drug
Class Actions 2022-06-07 3:17 pm By Cat Fredenburgh

Regenerative medicine company Mesoblast has been hit with a second class action for allegedly misleadingĀ shareholders about it Remestemcel-L treatment for COVID-19 complications.

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Nuix says ex-CEO’s claim off by $140M, but Macquarie director must front court to explain
Securities 2022-06-06 4:20 pm By Cindy Cameronne

A former Nuix director appointed by Macquarie Bank must give evidence in person as the embattled tech company argues a claim brought by its former CEO is off by $140 million.

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Justice is colour-blind: Loss for Nick Scali not indictment on white furniture, says VCAT
Competition & Consumer Protection 2022-06-03 3:54 pm By Sam Matthews

Nick Scali has been ordered to refund a disgruntled customer $1,600 for a white leather chair that discoloured mere months after use.

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Philips Electronics fined $133,200 over deteriorating sleep machines
Healthcare 2022-06-03 5:53 pm By Cat Fredenburgh

Philips Electronics has been fined $133,200 for failing to provide timely notice to the country’s health regulator of deterioration in its sleep machines, after being hit with a class action lawsuit over degrading foam in the devices.

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Class action settlement with IPO Wealth trustee ā€˜a lot lessā€™ than investorsā€™ claims, court told
Restructuring & Insolvency 2022-06-02 6:30 pm By Cindy Cameronne

Investors in Mayfair Groupā€™s collapsed IPO Wealth Fund stand to recoup ā€œa lot lessā€ than their alleged $67 million in losses from a settlement in a class action alleging the fundā€™s trustee misled the unit holders — but they will take home 75 per cent of the resolution sum, a court has heard.

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