Unlockd’s case against Google is the first action in Australia to test a revamped law prohibiting misuse of market power, and one of the first private cases in the world to challenge Google’s dominance in court. For both sides, the stakes couldn’t be higher.
Telecommunications company Optus asked a judge Friday to award damages for customers it lost as a result of Telstra’s “Unlimited” ad campaign, which the Federal Court ruled last week was misleading and deceptive.
Fitbit has agreed to settle with the ACCC after misleading customers about their guarantee rights under the Australian Consumer Law, another win for the regulator as its fights a recent court ruling over the extent of companies’ obligations to disclose remedies available under the law.
ANZ, Deustche Bank and Citigroup will be hit with criminal charges over an alleged cartel involving the institutional equity placement of ANZ shares that raised $2.5 billion in capital.
MYOB has decided to drop its bid to acquire Reckon’s accounting unit due to the ACCC’s extended regulatory review of the tie-up.
Mobile advertising startup Unlockd won a temporary injunction from the Federal Court Thursday barring Google from blocking its app in Australia until further hearing, in the first case to test revamped misuse of market power laws.
As Apple gears up to face off against the ACCC next month for allegedly misleading iPhone and iPad users about their rights to have faulty devices repaired free of charge, it has received a fresh warning that it may have violated consumer laws, this time in New Zealand, by setting expiry dates on consumer guarantees.
The US Department of Justice has secured its largest ever merger divestiture, with Bayer AG agreeing to sell $US9 billion in assets to BASF to win approval of its $US66 billion Monsanto acquisition, a deal that goes far beyond what the regulator’s counterparts in Australia and the European Union required.
Kmart CEO Guy Russo gave false assurances that the department store had revamped designs for a line of cargo pants and shorts after being warned that it was infringing on the copyright of workwear brand FXD, a new suit alleges.
A judge has lifted an injunction against an Optus ad campaign after ruling that Telstra failed to make its case that the ‘Empires End’ campaign was misleading or deceptive.