A class action against Volkswagen over allegedly deadly Takata airbags has failed a second time after an appeals court found “a merely speculative” risk of rupture was not enough to find the vehicles unacceptable.
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.
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.
The government has agreed to acknowledge that climate change is a systemic risk that could affect the value of its bonds in order to resolve a class action on behalf of sovereign bond investors over its climate disclosures.
A franchisee class action against United Petroleum over the installation of allegedly loss-making Pie Face stores at its franchise sites is fighting two applications for security for costs which it says can’t be met, as funders take little interest in the case.
A judge has hit BlueScope Steel with a $57.5 million penalty for engaging in attempted cartel conduct and ordered a former executive to personally pay a $575,000 penalty.
A judge has refused infant formula company Care A2’s bid to block US business partner Gensco from filing a lawsuit in Florida that overlaps with a $200 million suit filed in Australian court over a deal to sell formula in the US amid a supply shortage.