Telco Swift Networks has been hit with a $1.2 million penalty for bid rigging and price fixing in the tender process for supplying IT and communications equipment for three Rio Tinto and Fortescue Metals mining projects in WA’s Pilbara region.
Automotive electronics company Directed Electronics has lost its bid to revive copyright claims against a form business partner who it pursued as part of litigation over a scheme by two former employees to misappropriate its trade secrets through a secret side agreement with South Korean giant Hanhwa.
Cleaning services giant Spotless has been charged for allegedly shortchanging 13 former employees $17,500 in long service leave entitlements.
Fintech Tyro has taken an authorised representative to court for allegedly breaching its contractual obligations by pushing a competing payment system on merchants.
Qantas has responded to ACCC proceedings alleging it sold thousands of tickets on cancelled flights, saying the period in which the alleged unlawful conduct occurred was one of “well-publicised upheaval” for airlines.
The ACCC will seek a record penalty of more than $250 million against Qantas for selling tickets on cancelled flights, saying companies were not “sufficiently” scared of the consequences of misleading consumers.
Westpac has settled its claims against the father of Forum Finance director Vince Tesoriero, who along with fellow director Bill Papas is accused of perpetrating a $400 million fraud against the bank to fund their lavish lifestyles.
Two units of insurer IAG are facing possible class actions that mirror claims in proceedings brought by the Australian Securities and Investments Commission last week that accuse the insurer of misleading home owners insurance customers about loyalty discounts.
The ACCC has initiated court proceedings against Qantas for allegedly continuing to sell tickets on more than 8,000 flights that had been cancelled weeks earlier.
A judge has thrown out claims in a $650 million lawsuit by 38 dealers against Mercedes-Benz Australia over its decision to move to a fixed-price agency model, finding the dealers’ lawsuit sought to rewrite the terms of their agreement with the car maker on more commercially favourable terms.