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EnergyAustralia hit with $14M penalty for misleading consumers about prices
Competition & Consumer Protection 2024-09-26 11:13 pm By Andy Sidler

In a first, EnergyAustralia has been ordered to pay $14 million for breaching the Electricity Retail Code by misleading customers about prices.

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Class action over $85M Clydesdale development loses injunction bid
Class Actions 2024-09-26 11:36 pm By Sam Matthews

A class action by frustrated buyers over the $85 million sale of a Sydney development has failed to prevent the sale of lots, with a judge finding the class action’s claims lack evidence.

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Biotech files new patent suit against Samsung Bioepis over Crohn’s drug
Intellectual Property 2024-09-26 11:55 pm By Sam Matthews

Samsung Bioepis can’t get indemnity costs from Janssen Biotech after it surrendered patents for Crohn’s disease drug Stelara and filed a fresh case based on new patents for the drug. 

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ACCC clears Lendlease’s $1.3B property deal with Stockland
Corporate 2024-09-26 1:52 pm By Sam Matthews

The ACCC will not oppose Lendlease’s plan to sell a portfolio of residential projects to Stockland for $1.3 billion after accepting Stockland’s plan to divest a project in Illawarra. 

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Appeal filed to set aside $112M Robodebt class action settlement
Appeals 2024-09-25 11:48 pm By Cat Fredenburgh

An appeal is seeking to set aside the $112 million Robodebt class action settlement to bring new claims on the back of damning revelations in a royal commission report.

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Dentons chair says he ‘abhors’ offensive statements in anti-vax report
Business of Law 2024-09-25 11:19 pm By Christine Caulfield

Dentons Australia chair and CEO Doug Stipanicev has hit back at claims made in a lawsuit by a former partner over an article he shared that spewed anti-vaccine conspiracy theories.

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Lawyers ‘made themselves protagonists’ in Super Retail case, court told
Employment 2024-09-25 1:42 pm By Cindy Cameronne

Super Retail Group has sought production of communications between two former executives and their solicitors ahead of a fight to disqualify the lawyers from acting in the employment dispute. 

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Vanguard hit with record $12.9M penalty in ASIC greenwashing case
Securities 2024-09-25 10:45 am By Sam Matthews

Vanguard Investments has been ordered to pay a penalty of almost $13 million for misleading the public about its $1 billion “ethically conscious” hedge fund.

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Macquarie Bank fined almost $5M for market gatekeeper failures
Financial Services 2024-09-25 1:19 pm By Sam Matthews

Macquarie Bank has been fined a record $4.995 million for failing to stop the placement of suspicious orders on the electricity futures market.

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Pesutto admits sharing Deeming settlement talks with Jeff Kennett
Defamation 2024-09-25 11:33 pm By Andy Sidler

Victorian Liberal leader John Pesutto has admitted to sharing with ex-state premier Jeff Kennett aspects of settlement discussions with ousted party member Moira Deeming.

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