The ACCC has taken iconic Australian ice cream company Peters to court for allegedly harming competition in the market for single serve ice cream supplied to service stations, depriving ice cream lovers of cheaper varieties of frozen treats.
A court has ordered Theta Asset Management, a collapsed financial services provider that ran a property investment scheme targeting retirees, to pay a $2 million penalty for issuing defective product disclosure statements.
A court has ruled that an arbitration proceeding before the Fair Work Commission does not doom a Federal Court lawsuit brought by the civilian air traffic controllers union against government-owned Airservices.
ASIC acting chair Karen Chester has labelled ‘opaque’ the disclosures made to commissioners a year before controversial rental assistance payments to the regulator’s outgoing deputy chair Daniel Crennan QC were made public, and said the payments would have raised a red flag.
Two more law firms have been joined to a lawsuit by defunct financial advisor Dover Financial accusing three law firms of providing negligent advice regarding an inaptly titled client protection policy which a judge found was “highly misleading” and “an exercise in Orwellian doublespeak”.
Epic Games, maker of the popular Fortnite game, has taken its courtroom battle with Apple to Australia, hitting the tech giant with a lawsuit for allegedly abusing its market power.
Former BitConnect promoter John Bigatton has been charged with a raft of cryptocurrency-related offences, including operating an unregistered managed investment scheme and making false or misleading statements to investors.
The Australian arm of multinational cosmetics company Lush has back-paid over 3,000 employees more than $4 million and entered into a “stringent” enforceable undertaking with the Fair Work Ombudsman.
A judge has said she was ācurrently mindedā to sign off on a scheme of arrangement that would see last-mile logistics software firm GetSwift relocate to Canada, but has sought further submissions on whether any Australian civil penalties sought against the company by ASIC would be enforceable in the Canadian courts.
A former director of defunct financial services company Linchpin Capital, who is facing a class action as well as civil penalty proceedings by ASIC, can’t put the brakes on his challenge to a five-year disqualification order by the regulator.