The High Court has denied Prysmian Cavi E Sistemi’s bid for special leave to appeal a $3.5 million fine for allegedly engaging in cartel conduct, a victory for the ACCC in its long-running case against the cable maker.
Eclipx group is looking at a possible shareholder class action following recent drops in its share price after it disclosed that its published profit growth forecasts need to be revised downwards.
Cargill has been ordered to turn over what it describes as “highly confidential” documents related to the possible sale of its malt business, a new revelation in the complex trial over claims Viterra fraudulently concealed crucial information when it sold malt producer Joe White Maltings to Cargill Australia in 2013 for $420 million.
The Australian Securities and Investments Commission will get a $70.1 million boost to fight corporate wrongdoing as part of a funding package that includes a plan to embed ASIC staff in the big four banks and AMP.
A Perth businessman has filed an appeal of a judge’s ruling that an email forwarded by a Gadens lawyer from ASIC alerting him that he had been disqualified from serving as a director constituted proper notification.
The ACCC is appealing a ruling dismissing its cartel case against Cascade Coal that alleged the company reached an agreement with rival Loyal Coal in the 2009 tender process for mining exploration licences in the Bylong Valley, NSW.
A cane farmer in his 80’s suffering from Alzheimer’s disease will get $6.6 million back that he invested in a failed technology venture, after a judge found the private equity company that arranged the investment exploited the man’s disability.
US lingerie company Victoria’s Secret has brought a lawsuit over the sale of knockoff products that mimic the get-up of its trade marked body care products, ahead of the much-anticipated launch of its first store in Australia.
ACCC chair Rod Sims has warned the regulator is ready to take on any anti-competitive behaviour it uncovers during a phase-two merger review.
Settlements totaling $39 million have been reached in two class actions against the former trustee of failed investment groups LKM Capital and GR Finance.