The Australian Competition and Consumer Commission has lost its case alleging Kimberly-Clark made misleading representations about its flushable wipes, with a judge finding the consumer regulator failed to provide sufficient evidence to show the wipes caused harm to sewage systems.
A judge has told the lead plaintiff in a class action over allegedly excessive legal fees to get their “house in order”, amid complaints by the Queensland compensation law firm at the centre of the dispute that the litigation is “costing them a fortune”.
The consumer watchdog has issued fresh proceedings against Optus over its National Broadband Network marketing, alleging the telecommunications giant sent a misleading email to consumers just two days after it copped a $1.5 million penalty for similar conduct.
The Australian Competition and Consumer Commission is appealing the dismissal of its case over Pactific National’s purchase of Aurizon’s Acacia Ridge Terminal in Queensland, challenging the Federal Court’s power to accept Pacific National’s last-minute promise to ensure access to the major freight terminal by competitors.
Indonesian national airline Garuda is appealing a $19 million price-fixing fine, the second largest penalty in the ACCC’s decade-long global cartel case over air cargo price-fixing.
A judge has fined an Aboriginal art and souvenir supplier a total of $2.3 million after ruling that the Queensland-based company, which is now in liquidation, misled consumers about the origin of its products.
Australian fresh fruit trader Red Rich Fruits has agreed to change potentially unfair contract terms that forced growers to provide credits for rejected fruit, amid concerns by the Australian Competition and Consumer Commission of widespread non-compliance in the industry.
The former directors of Murray Goulburn, who admitted in proceedings brought by the ACCC to aiding in false representations the dairy co-op made to farmers about the farmgate milk prices it would pay during the 2015-16 season, are now facing a separate lawsuit by the Australian Securities and Investments Commission.
Dairy supplier Murray Goulburn has agreed to pay $42 million to settle one of two shareholder class actions over a 2016 profit forecast revision that sent the co-op’s unit price falling more than 40 per cent in five days.
ANZ Bank has secured a stay of the corporate cop’s civil penalties proceeding over disclosures related to its $2.5 billion equity capital raising while it fights criminal cartel charges related to the controversial share placement.