Supermarket giant Woolworths has been hit with regulatory action by the Fair Work Ombudsman after it admitted to shortchanging thousands of full-time salaried managers to the tune of $390 million.
The ACCC has cleared Woolworths’ planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services without the supermarket giant’s proposed undertaking to maintain independence between the company for three years.
A judge has refused to sign off on $13.8 million in fees sought by law firm Maurice Blackburn as part of a $44.5 million settlement in a class action against Woolworths, saying the amount was “intuitively out of the range” of what was a reasonable legal bill for the case.
The ACCC is seeking views on a proposed undertaking by Woolworths aimed at allaying the regulator’s concerns about its planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services.
Supermarket giant Woolworths can recoup losses from a 2014 train derailment in South Australia despite a contractual clause excluding force majeure events, the NSW Supreme Court has found.
A judge has allowed Woolworths to include details of its internal pay review processes in an opt out notice to be sent to disgruntled current and former employees who have launched a class action against the supermarket giant.
A judge has raised questions about an estimated $13.6 million in legal costs to be sought in an upcoming approval hearing on a $44.5 million settlement reached in a shareholder class action against Woolworths.
A $100 million shareholder class action against supermarket giant Woolworths has settled for $44.5 million, a few days before a 15-day trial was set to begin.
Trial is set to begin February 2 in a $100 million shareholder class action against Woolworths over a February 2015 profit downgrade that allegedly led to a drop in the company’s share price.
The Australian Competition and Consumer Commission has lost its appeal of a ruling that found Woolworths’ environmental claims for its ‘Select Eco’ line of compostable plates, bowls and cutlery were accurate, not false and misleading.