The new chair of the competition regulator has taken aim at companies for “pushing the boundaries” of Australia’s merger control regime and taking a “strategic approach” to clearance, as the regulator yet again flags the prospect of a reform push.
Philips Electronics has hit back at a class action over recalled sleep apnea machines that contained a foam component that could allegedly degrade and cause consumers to inhale dangerous chemicals, saying the devices were not defective when they were sold.
The plaintiffs in a class action over alleged unfair flex commission arrangements have hit back at Macquarie Leasing’s claims that out-of-pocket customers should have negotiated better deals with car dealers, arguing car loans were taken out as part of a “staged sales process” that limited negotiation.
A judge has panned ASIC’s bid to discover a wide range of privileged communications between super fund REST and various legal advisers, finding the regulator used a “very wide net” to catch nothing at all.
Car dealers that have brought a class action against General Motors over its decision to retire the Holden brand in Australia rejected offers of compensation totaling close to $5 million, according to court documents.
The ACCC has flagged a number of competition concerns over New Zealand campervan giant THL’s proposed acquisition of Australian competitor Apollo, saying the tie-up could leave campers paying more to hit the road.
A judge has denied Uber’s attempts to withhold documents in two lawsuits on the basis of legal professional privilege, finding many of the client-lawyer communications were made in furtherance of various offences by the rideshare giant at the centre of a class action lawsuit.
Industry fund Maritime Super has been fined $26,640 by the corporate regulator for allegedly misleading members about the impact of its partnership with superannuation fund Hostplus.
Uber has admitted to making misleading statements to passengers and has agreed to pay $26 million in penalties in a case by the consumer regulator over the ridesharing giant’s cancellation warning messages.
A judge has slapped Trivago with $44.7 million in penalties for a “startlingly misleading” rankings system used on its travel comparison website from which it reaped $53 million.