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NAB adviser who impersonated clients banned by ASIC
Competition & Consumer Protection 2018-06-07 10:03 pm By Cat Fredenburgh

ASIC has permanently banned a former NAB adviser from providing financial services after an investigation found he impersonated clients in order to get access to client funds that he transferred into sham bank accounts.

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Elite legal teams to defend ANZ criminal cartel case
Allens 2018-06-07 5:37 pm By Cat Fredenburgh

As the ACCC’s criminal cartel case against ANZ, Citigroup and Deutsche Bank gets underway, the regulator will face off against a formidable team of lawyers with extensive experience in defending competition matters.

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Judge ‘suspicious’ of VW motive for killing Bannister class actions
Article 2018-06-06 10:24 pm By Miklos Bolza

A judge overseeing five Dieselgate class actions against Volkswagen questioned on Wednesday the car giant’s claim that it wanted to close down two of the cases — run by Bannister Law — for the benefit of group members.

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Home builder can’t keep customers from posting negative reviews online
Competition & Consumer Protection 2018-06-06 2:44 pm By Christine Caulfield

The ACCC has won an agreement from home builder Wisdom Properties to remove a non-disparagement clause from its standard home building agreement after the regulator said the clause likely violates the Australian Consumer Law. 

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Asiago cheese needn’t come from Italy, IP Australia rules
Bird & Bird 2018-06-05 11:13 pm By Miklos Bolza

IP Australia has ruled in part that cheese branded with the Asiago label need not be manufactured in the Asiago region in Italy, striking down an opposition to a trade mark filed by cheese producer Sartori Company.

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Ex-Citi, Deutsche CEOs among 6 charged over alleged ANZ cartel
ANZ 2018-06-05 6:07 pm By Christine Caulfield

High-ranking bank officials, including the former CEOs of Citigroup and Deutsche Bank in Australia, are among the executives charged over a cartel involving a $2.5 billion ANZ institutional share placement.

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Judge adds Google LLC to injunction in Unlockd case
Ashurst 2018-06-05 5:06 pm By Cat Fredenburgh

The judge overseeing a competition case against Google by mobile advertising startup Unlockd has extended a temporary injunction to the search engine giant’s US arm.

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VW wants Bannister Law class actions shut down
Article 2018-06-05 2:58 pm By Christine Caulfield

The fate of class actions against Volkswagen in the sprawling Australian case over the car maker’s diesel emissions cheating scandal will be the subject of a major court battle starting Wednesday.

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Jenny Craig cut down to size with ACCC penalty
Competition & Consumer Protection 2018-06-05 12:01 pm By Christine Caulfield

Weight loss centre Jenny Craig has been ordered to pay a penalty for misleading television ads that promised people could lose up to 10 kilos for a $10 free.

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ACCC rejected $3M settlement offer from CFMEU in secondary boycott case
Competition & Consumer Protection 2018-06-01 11:06 pm By Cat Fredenburgh

The ACCC rejected a $3 million settlement offer in a high-profile case against the Construction, Forestry, Mining, and Energy Union over secondary boycotts, instead taking its chances in a trial that ultimately resulted in a penalty of just $1 million, according to a judgment published Friday.

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