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Retail Food Group tries to shut down franchisee class action
Class Actions 2022-09-08 10:19 pm By Cat Fredenburgh

Retail Food Group wants to shut down a class action brought on behalf of current and former franchisees of its Michel’s Patisserie chain who claim to have suffered losses stemming from changes to the franchise giant’s supply chain in 2015 and 2016.

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Dye & Durham wins ACCC blessing for $2.9B Link acquisition
Corporate 2022-09-08 11:20 pm By Christine Caulfield

Software company Dye & Durham has secured the approval of the competition regulator for its proposed acquisition of technology services provider Link Group under the condition it sell its Australian business.

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Apollo offers divestiture to win ACCC approval for THL acquisition
Competition & Consumer Protection 2022-09-06 11:16 pm By Cat Fredenburgh

Campervan company Apollo has offered to divest 80 per cent of its motorhome rental fleet in Australia to win ACCC approval for its tie-up with New Zealand competitor THL.

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Drug ingredient maker Alkaloids faces $30M penalty for ‘actively policing’ cartel
Competition & Consumer Protection 2022-09-05 11:32 pm By Cindy Cameronne

Pharmaceutical ingredient producer Alkaloids of Australia is facing a maximum $30 million penalty but has argued it should pay less than $1 million after pleading guilty to cartel conduct over the supply of a key chemical found in generic stomach cramp drugs.

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Mercedes-Benz hit with $12.5M penalty for downplaying Takata airbag recall
Competition & Consumer Protection 2022-09-02 12:22 pm By Cat Fredenburgh

Mercedes-Benz has been hit with $12.5 million in penalties for failing to use attention capturing, high impact language when communicating with customers about a compulsory recall of potentially deadly Takata airbags.

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G&S can’t shield emails about legal advice in suit over Mount Pleasant coal mine
Business of Law 2022-09-01 2:47 pm By Cindy Cameronne

Engineering services firm G&S has lost a bid to shield emails about “the need to obtain legal advice” in a $270 million dispute with the operator of a NSW open-cut coal mine.

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Booktopia to pay $6M to settle ACCC case over refunds policy
Competition & Consumer Protection 2022-08-31 11:39 pm By Christine Caulfield

Online book retailer Booktopia has agreed to a $6 million penalty to resolve action brought by the consumer regulator alleging its refund policy was misleading.

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J Hutchinson, CFMEU fined $1.35M for construction boycott
Competition & Consumer Protection 2022-08-30 9:20 pm By Cat Fredenburgh

Builder J Hutchinson and the CFMEU have been fined a combined $1.35 million for entered into an anti-competitive agreement to boycott an independent subcontractor at a construction site in Brisbane.

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‘No real contrition’: ASIC seeks $17.5M penalty against AMP in fees for no service case
Financial Services 2022-08-29 9:00 pm By Sam Matthews

ASIC has told a judge AMP should face a $17.5 million penalty for deducting $356,000 from customers’ superannuation accounts for advice they never received, saying the wealth manager had shown “no real contrition” for its conduct.

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Pitcher Partners gave bad advice on $2.5M Zap Fitness share buy-back: suit
Accounting 2022-08-29 11:29 pm By Cindy Cameronne

The former owner of fitness franchise Zap Fitness has sued accounting firm Pitcher Partners, claiming it failed to properly advise on a troubled share buy-back scheme that spawned litigation the company paid $4.25 million to settle.

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