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Woolworths next in line in ACCC’s ‘illusory discounts’ case
Trial begins Tuesday in the consumer regulator's case against Woolworths over alleged dodgy discounts, with the supermarket chain set to argue there was nothing phony about its 'Prices Dropped' campaign.
Court approves Wilson Security class action settlement
A judge has approved a $3.05 million settlement in an underpayments class action against Wilson Security brought on behalf of fly-in-fly-out security workers.
Construction PRO
NZ regulator signs off on sale of Fletcher Building’s construction unit
Fletcher Building has won approval to sell its construction division to France-based VINCI Construction for NZ$315.6 million.
BSF, Cigno entitled to lower penalty after relying on Piper Alderman advice: judge
A judge has slapped payday lenders BSF, Cigno and their directors with a combined $7 million in penalties for engaging in unlicensed credit activity, finding a lower penalty was appropriate given they had relied on legal advice from Piper Alderman.
ACCC has ‘strong prima facie case’ against Mastercard, former chair says
Former ACCC chair Allan Fels says the competition regulator appears to have a strong misuse of market power case against Mastercard, but noted the credit card giant may raise arguments about two-sided markets in defending the claims.
Beach Energy class action needs to tighten up pleading on loss, judge says
A judge has rejected a bid to amend a shareholder class action against Beach Energy, saying the way the applicant had articulated its case on loss by reference to an expert report was “apt to lead to confusion”.
Construction PRO
Court won’t up $300K damages in negligence case against Sydney firm
A former client of a Sydney law firm has lost his bid to up a $300,000 damages award against the firm over a defective notice in a proposed $7.8 million land sale.
Accenture must face claims exec axed for flagging $40M in underpayments
Accenture has lost its bid for summary judgment in a former HR exec's case alleging she was booted from her role after raising concerns the company could be liable for $40 million in backpay.
Construction PRO
Dexus accepts it disclosed APAC’s confidential info, denies breaching deed
Previewing Monday's closing arguments in its legal tussle with the operator of Melbourne Airport, co-owner Dexus says it won't deny a long-term model given to potential share purchasers was confidential. But here's the kicker -- the disclosure didn't run afoul of its shareholder agreement, it says.
Beacon Minerals project manager pleads guilty to insider trading
A former Beacon Minerals project manager who managed the gold exploration drilling program for the company's Jaurdi gold project in Western Australia has pleaded guilty to one count of insider trading.