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ACCC flags competition concerns in $350M ANZ Terminals, GrainCorp tie-up
The Australian Competition and Consumer Commission has expressed competition concerns about ANZ Terminals' proposed acquisition of a unit of global agribusiness GrainCorp, despite the storage specialist offering to divest one of its terminals to win approval for the $350 million deal.
Blue Sky settles case against former directors over alleged raid on database
Blue Sky Alternative Investments has reached a confidential settlement of its case against three former directors and two investment firms over an alleged raid on the fund manager's confidential database.
Delegate says A2 milk common meaning bars ‘true A2’ trade mark
The phrase true A2 is not inherently adapted to distinguish the A2 Milk Company's products because A2 milk is commonly understood to signify less allergenic dairy products that do not contain the A1 protein, according to a now-published ruling that's already been appealed by the dairy company.
Embattled ex-Quintis boss loses $13.3M sandalwood plantation loan dispute
Frank Wilson, solicitor and founder of failed sandalwood producer Quintis, has been ordered by a court to repay a $13.3 million loan used to invest in a 215 hectare Indian sandalwood plantation.
Referee to weigh in on costs in $42M Murray Goulburn class action settlement
A Federal Court judge has appointed a costs referee in a shareholder class action against two units of dairy co-op Murray Goulburn over a 2016 profit forecast revision which recently settled for $42 million.
ASIC drags ex-Murray Goulburn execs to court
The former directors of Murray Goulburn, who admitted in proceedings brought by the ACCC to aiding in false representations the dairy co-op made to farmers about the farmgate milk prices it would pay during the 2015-16 season, are now facing a separate lawsuit by the Australian Securities and Investments Commission.
Ernst & Young strikes back in Quintis class action
Ernst & Young, which has been named in a class action over its auditing of sandalwood producer Quintis, has filed cross-claims alleging Quintis should pick up the tab for any liability it may face in the proceedings.
ACCC rejects Meredith Dairy resale price maintenance plan
The Australian Competition and Consumer Commission has rejected a resale price maintenance plan by Meredith Dairy that would block resellers from selling its goat cheese products below a specified price, saying the potential harm to competition was not outweighed by any benefits.
ACCC raises competition concerns about Landmark’s $469M bid for Ruralco
The Australian Competition and Consumer Commission has raised competition concerns about rural supply giant Landmark's proposed $469 million takeover of competitor Ruralco, a move that would consolidate two of the three largest players in the rural merchandise market.
Bayer faces appeals of IP Australia rulings on antiseptic patent
Veterinary pharmaceutical companies Norbrook Laboratories and Merial have launched twin appeals of two IP Australia decisions allowing Bayer to amend a proposed patent for a treatment for mammary gland infections.