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Feud over app notice in $7M CBA case could shift balance towards higher penalties
ASIC 2021-07-29 4:08 pm By Miklos Bolza Sydney

A judge weighing a dispute between ASIC and the Commonwealth Bank over whether notice of a $7 million penalty should be sent out through the bank’s Commbank app has questioned the usefulness of adverse publicity notices and whether they should be ditched for higher pecuniary penalties in the future.

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Culture Kings steps out of the ring, resolves Mike Tyson suit over ‘misleading’ T-shirts
Competition & Consumer Protection 2021-07-29 1:42 pm By Bianca Hrovat Sydney

Streetwear retailer Culture Kings has resolved a lawsuit brought by former world boxing champion Mike Tyson alleging the company misled consumers by using his image on its T-shirts.

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BlueScope cartel judge gives ‘hybrid’ hearings low marks as COVID-19 scrambles trial plans
ACCC 2021-07-29 1:17 pm By Cat Fredenburgh Melbourne

When trial begins next month in the ACCC’s cartel case against BlueScope Steel, the parties will all appear by video, with a judge saying “hybrid” hearings – where some parties are in court and others appear by video – were “unsatisfactory”.

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Rex eyes legal action against Qantas for alleged anti-competitive conduct
Aviation 2021-07-28 10:53 pm By Bianca Hrovat Sydney

Regional Express is weighing court action against Qantas, alleging Australia’s biggest airline engaged in anti-competitive behaviour in the form of capacity dumping and predatory practices.

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ACCC appeals ruling throwing out ‘fanciful’ NSW Ports competition case
ACCC 2021-07-27 7:05 pm By Cat Fredenburgh Melbourne

The Australian Competition and Consumer Commission has appealed a judge’s decision throwing out its competition case over an agreement for the privatisation of two NSW ports, calling the case “a matter of significance for the Australian economy”.

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Crane maker NQCranes blasts ACCC’s ‘bizarre’ new claims in cartel case
ACCC 2021-07-26 5:26 pm By Christine Caulfield Melbourne

Queensland crane company NQCranes wants to strike out the bulk of the ACCC’s amended case alleging a conspiracy with a multinational rival to divide the Brisbane and Newcastle markets, saying there was no evidence of the regulator’s new allegations of a second cartel agreement.

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ACCC launches action against milk processor Lactalis for dairy code breaches
Agriculture 2021-07-26 3:40 pm By Christine Caulfield Melbourne

The ACCC has brought Federal Court action against major milk processor Lactalis Australia, the regulator’s first case for breaches of the dairy code of conduct.

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$23.6M Vocation class action bill might have been ‘materially lower’, judge says
Accounting 2021-07-23 11:09 pm By Cat Fredenburgh Melbourne

A judge has approved a $50 million settlement in a shareholder class action against failed training company Vocation and auditor PricewaterhouseCoopers, but questioned whether the $10.9 million commission and $12.75 million legal bill could have been “materially lower” had the case been run by one funder and firm instead of two.

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3A Composites fires off barrage of cross-claims in cladding class action
Adam Hochroth 2021-07-23 6:51 pm By Miklos Bolza Sydney

The number of lawyers involved in a class action against 3A Composites over allegedly combustible cladding is set to balloon, with the German cladding manufacturer lobbing cross-claims against nine different parties.

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Lorna Jane hit with $5M penalty for misleading COVID-19 activewear claims
ACCC 2021-07-23 2:43 pm By Cat Fredenburgh Melbourne

A judge has hit women’s activewear company Lorna Jane with a $5 million penalty for representing to consumers during the height of the coronavirus crisis last year that its activewear would protect them from viruses including COVID-19.

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