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Armaguard, Prosegur merger wins clearance from ACCC with conditions
Armaguard and rival Prosegur have secured authorisation for their proposed merger from the ACCC, which has found the likely reduction in competition in the cash transport industry was outweighed by the public benefits of the transaction.
‘It’s a disaster’: Judge questions $11M settlement in Aveo class action
A judge has questioned an $11 million settlement in a class action against retirement village provider Aveo, resolving to appoint a contradictor and a costs referee amid a dispute between the plaintiff law firm and its litigation funder, which the court heard has “grave concerns” about the costs incurred in the case.
Cruise class action wins $23M settlement from Scenic Tours the hard way
Cruise operator Scenic Tours has agreed to settle a long-running class action with travellers who were promised a “once in a lifetime cruise along the grand waterways of Europe” but were instead forced to take the bus, after almost ten years of litigation that went all the way to the High Court.
Declassing orders must be ‘all or nothing’, court told in breast implants class action
A declassing bid by nine doctors in a class action on behalf of women allegedly injured by a one-size-fits-all approach to breast implant surgeries must apply to the entire proceeding, not just the claims against them, a court has heard.
Hyundai, Kia can’t inspect vehicles at centre of class actions
A judge overseeing class actions against car makers Hyundai and Kia over alleged engine defects has dismissed the carmakers’ bid to inspect the lead applicants’ vehicles before defences are filed in the proceedings.
CBA hit with $3.55M penalty for ‘alarming’ spam breaches
Commonwealth Bank of Australia has copped a record $3.55 million penalty for breaching spam laws after it sent more than 65 million emails without an easy way for individuals to unsubscribe.
ANZ lashes rival’s ‘distorted’ arguments in final push for $4.9B Suncorp deal
ANZ has rubbished arguments from a competitor and the ACCC that its merger with Suncorp’s banking arm will reduce competition and hurt consumers, saying the watchdog had been asked to believe a “distorted and selective view” of the proposal.
Restaurant chain Fogo Brazilia, law practice face franchisee class action
Restaurant chain Fogo Brazilia is facing a class action alleging it misled franchisees about the profitability of its businesses, with business owners also making claims against an employment law practice that drafted the franchise agreements.
Dell admits duping customers about price of add-on monitors, says sorry
Dell Australia has apologised to consumers and admitted misleading those who purchased add-on computer monitors by inflating the pre-discount price, sometimes to more than the product’s normal retail value.
Clifford Chance lures competition partner from Clayton Utz
Clifford Chance has added former Clayton Utz competition and consumer law partner Elizabeth Richmond to the firm's global antitrust team in Sydney.