Cryptocurrency

Finder just had a big win against the corporate cop, ASIC, over its crypto wallet

- March 14, 2024 2 MIN READ

Finder’s crypto product, Earn, complied with the financial law, the Federal Court has found, dismissing legal action launched by the corporate regular against the fintech. It was a comprehensive win against the Australian Securities and Investments Commission (ASIC) for Finder, with Justice Brigitte Markovic also awarding costs against the regulator. ASIC sued Finder Wallet for… Read more »

Twitter, X, rebrand, Elon Musk
Social Media

Australia’s eSafety commissioner launches legal action against Elon Musk’s X Corp

- December 21, 2023 2 MIN READ

Australia’s online safety regulator, the eSafety Commission, has launched legal action against the Elon Musk’s rebranded Twitter company, X Corp, for its alleged failure to comply appropriately to requests to explain how the social media site was dealing with child sexual exploitation and abuse material. The civil case in the Federal Court of Victoria follows… Read more »

bitcoin
Cryptocurrency

ASIC has launched legal action against the Kraken crypto exchange alleging more than 1,100 customers lost $13 million on a product that didn’t meet regulatory rules

- September 21, 2023 2 MIN READ

Financial regulator the Australian Securities and Investment Commission (ASIC) has launched Federal Court against Bit Trade Pty Ltd, the company behind the Kraken crypto exchange in Australian, alleging it failed to comply with regulations designed to protect consumers. ASIC’s case alleges Bit Trade’s failure to make a “target market determination” for its margin trading product,… Read more »

Apple iPhone
Global tech

A class action against Google and Apple over app commissions is hunting for Australian app designers to join in

- April 3, 2023 2 MIN READ

Australian lawyers are seeking app developers to join a class action against Google and Apple over what they claim is an abuse of market power by charging 30% commissions on in-app spending while preventing competitive payment alternatives. The class action reflects similar legal action launched in 2020 by Epic Games, the company behind Fortnite, against the… Read more »

Google office
Global tech

Google has lost its legal fight with the ACCC over misleading consumers about location data

- April 16, 2021 2 MIN READ

Google and Google Australia misled consumers about its use of personal location data, according to Australia’s Federal Court in a landmark legal decision. Consumer watchdog the ACCC took Google to court in October 2019 over the use of location data collected through Android mobile devices between January 2017 and December 2018, in a world-first enforcement… Read more »

Topics

Tradie marketplace Service Seeking cops $600,000 fine over customer ‘reviews’ written buy the businesses

- July 22, 2020 2 MIN READ

Reviews pre-written by companies and emailed to customers to endorse as a testimonial have cost online tradie marketplace Service Seeking $600,000 following legal action by the competition watchdog the Australian Competition and Consumer Commission (ACCC). The Federal Court hit Service Seeking Pty Ltd with $600,000 in penalties for making false or misleading representations regarding business… Read more »

Topics

Australia’s information commissioner is suing Facebook for Cambridge Analytica data privacy breaches

- March 9, 2020 2 MIN READ

The Australian Information Commissioner has launched Federal Court legal action against Facebook, accusing the social media giant of “systemic failures to comply with Australian privacy laws” involving more than 311,000 Australian users as the fallout from the Cambridge Analytica scandal continues. The case alleges that between March 2014 to May 2015, Facebook disclosed the personal… Read more »