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Engineering company UGL has reached an in-principle settlement in a class action alleging it kept shareholders in the dark about problems with a $900 million contract for a power plant for the Ichthys LNG project in the Northern Territory.
Burford Capital has come under fire by a US short-seller which claims the litigation funder has engaged in misleading accounting practices and is a "poor business masquerading as a great one".
The competition regulator has raised concerns about Bis Industries’ proposed acquisition of Cougar Mining Group, saying the threat of new competitors appeared unlikely to significantly constrain the combined company.
Consumer giant Unilever has dropped its challenge to a ruling that found competitor Beiersdorf did not make misleading claims about its Nivea clinical strength deodorant products.
The Australian Competition and Consumer Commission has appealed a Federal Court ruling that found Woolworths' environmental claims for its line of compostable plates, bowls and cutlery were accurate, not false and misleading.
While the Australian Competition and Consumer Commission has set out to rein in the market power of Google and Facebook, the sweeping proposals in the regulator’s final digital platforms report would affect a large number of businesses and could have a detrimental effect on smaller companies and innovation, lawyers say.
Ex-Tennis Australia director Harold Mitchell, facing enforcement action by ASIC alleging he breached his duties in awarding Australian Open broadcast rights to the Seven Network, has asked a court for all evidence the regulator obtained from former board member Graeme Holloway, who died in February.
A judge has given the all-clear to an investment management company to access evidence for potential legal action against the National Stock Exchange of Australia after the firm's shares were suspended without warning or explanation.
Rural supply giant Landmark's has offered to sell three stores to win Australian Competition and Consumer Commission approval for its proposed $469 million takeover of competitor Ruralco, a move that would consolidate two of the three largest players in the rural merchandise market.
The government has thrown its weight behind the Australian Competition and Consumer Commission's call for checking the power of Facebook and Google, in a long-awaited final report that recommends a sweep of measures to crack down on the digital giants, and extend well beyond them.