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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.
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.
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, 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.
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.
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.
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.
Oil company PTTEP has objected to Indonesian seaweed farmers using the word “oil” in their evidence in the Montarra oil spill class action, arguing they are not qualified to identify oil.
The Australian Competition and Consumer Commission has opened a review into the proposed $350 million acquisition of a unit of global agribusiness GrainCorp by storage and handling specialist ANZ Terminals.
Industry-owned Queensland Sugar Limited has succeeded in dismissing a court case brought by Wilmar Sugar Australia after record-high rainfalls led to a $60.8 million loss in 2010.