The funder that backed a class action against McMillan Shakespeare over ‘illusory’ car warranties, which settled for less than 20 per cent of the $47.6 million claim value, will seek court approval for a 30 per cent cut of the $9.5 million settlement.
The owner of Birds Eye frozen foods has agreed to change its ‘Made in Australia’ labelling on 31 frozen fish products after the ACCC raised concerns that the products may have breached the Australian Consumer Law’s Country of Origin provisions.
The lead applicant in a $47.6 million class action against McMillan Shakespeare over ‘illusory’ car warranties will seek court approval for a $9.5 million settlement, less than 20 per cent of the claim value.
A former Macquarie Bank financial adviser previously banned for life from providing financial services has been hit with criminal charges.
Home security provider ADT Security has agreed to repay customers after admitting it likely made false or misleading representations by invoicing customers who had already terminated their contracts.
Two former executives of mining giant Rio Tinto accused by ASIC of breaching their directors duties have asked the court to vacate an upcoming trial, after raising concerns that COVID-19 could affect their ability to appear.
The Federal Court has ordered former Tennis Australia director Harold Mitchell to pay a $90,000 penalty after a “narrow” win for ASIC in its case over the domestic broadcast rights to the Australian Open.
Hotel booking aggregator Trivago has lost its challenge to a court ruling that it misled consumers over its ranking of travel accommodation, in what the consumer regulator hailed as a win for consumers and a warning to comparison sites.
Facing an ASIC enforcement action over alleged breaches of Australian credit laws, payday lenders BHF Solutions and Cigno claim they did not need a licence to issue loans to hundreds of thousands of consumers.
The Federal Government has committed $147 million to develop a new watchdog tasked with investigating criminal conduct in the public sector, giving the agency more power than a Royal Commission.