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Dodo to refund $360,000 over ‘perfect for streaming’ NBN advertising
Competition & Consumer Protection 2019-07-10 2:02 pm By Miklos Bolza

Internet service provider Dodo has agreed to refund up to $360,000 to about 16,000 customers after an investigation by the consumer watchdog into potentially misleading marketing claims about video streaming on its National Broadband Network plans.

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Prosecutors to fight witness cross-examination at ANZ cartel committal hearing
Allens 2019-07-09 11:53 am By Miklos Bolza

Prosecutors will oppose a bid by ANZ, Citigroup, and Deutsche Bank to cross-examine witnesses at the upcoming committal hearing of the criminal cartel case over ANZ’s botched $2.5 billion institutional share placement.

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ACCC loses case against Woolworths over ‘eco’ plate claims
Ashurst 2019-07-05 9:28 pm By Amelia Birnie

The Australian Competition and Consumer Commission has lost a consumer case against Woolworths, with the Federal Court finding the supermarket giant’s  environmental claims for its line of disposable plates, bowls and cutlery were accurate, not false and misleading.

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ACCC must hand over docs on Vodafone-TPG merger investigation
Allens 2019-07-04 4:50 pm By Miklos Bolza

The Federal Court has ordered the Australian Competition and Consumer Commission to hand over documents to Vodafone that were “directly relevant” to its decision to oppose the $15 billion Vodafone-TPG merger. In an order given Wednesday, Federal Court Justice John Middleton directed the ACCC to conduct a reasonable search and provide any relevant documents from…

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Samsung in hot water with ACCC over water resistant claims
Caryn Van Proctor 2019-07-04 1:41 pm By Miklos Bolza

The Australian Competition & Consumer Commission has commenced legal action against Samsung Electronics for allegedly making false, misleading and deceptive representations when marketing the water resistant capabilities of its Galaxy smartphones.

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Stephen Ridgeway to be new ACCC mergers commissioner
Competition & Consumer Protection 2019-07-03 10:57 pm By Cat Fredenburgh

Former King & Wood Mallesons partner Stephen Ridgeway has been appointed as the new mergers commissioner at the Australian Competition and Consumer Commission.

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In latest AMP class actions, judge nudges parties away from beauty parade
AMP 2019-07-03 3:41 pm By Christine Caulfield

A judge overseeing competing consumer class actions against AMP over superannuation fees said he would be “reluctant” to hold a contest between the two cases, as the applicants in the rival proceedings tell the court they are in talks about possible consolidation.

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Ex-Sirtex CEO pleads guilty to insider trading
Class Actions 2019-07-03 3:25 pm By Amelia Birnie

The former CEO and director of biotech company Sirtex Medical, Gilman Wong, is facing a maximum ten years in prison after pleading guilty to insider trading.

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Country Care slams prosecutors for ‘argumentative’, ‘vague’ criminal cartel case
Alice Muhlebach 2019-07-02 9:08 pm By Miklos Bolza

Country Care Group has criticised the DPP for the “argumentative” tone of the notice setting out its criminal cartel case against the mobility equipment provider, and has secured an order for further clarity from prosecutors.

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Mondelez overvalued Aussie biz in $460M sale to Bega, suit claims
Addisons 2019-07-01 9:43 pm By Cat Fredenburgh

Bega Cheese is accusing global food giant Mondelez of overstating the value of the Australian assets purchased for $460 million in July 2017 as part of a deal that’s also at the centre of an ongoing dispute with Kraft over peanut butter trade dress rights.

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