ACCC: $A250,000 compensation for Internet domain name consumers after intl co-operative action.

0 Comments | M2 Presswire, June, 1999

M2 PRESSWIRE-2 June 1999-ACCC: $A250,000 compensation for Internet domain name consumers after international co-operative action (C)1994-99 M2 COMMUNICATIONS LTD RDATE:010699 Consumers from around the world will benefit from agreement by an Australian Internet domain name registration company to pay $A250 000 into a compensation trust fund, Australian Competition and Consumer Commission Chairman, Professor Allan Fels, announced today.

The fund's establishment follows action by the ACCC, in conjunction with the US Federal Trade Commission, against the company for misleading and deceptive conduct. In the Federal Court, Justice Lindgren has accepted undertakings from Internic Technology Pty Ltd and its director, Mr Peter Zmijewski, to conclude legal...