The Australian Competition and Consumer Commission gave the go-ahead Wednesday to the $1.3 billion merger of dairy giant Saputo with Australian milk co-op Murray Goulburn, after Saputo agreed to divest the Koroit dairy plant in Victoria.
A judge overseeing Motorola Solutions’ patent infringement suit against Hytera Communications has ordered the Chinese company to hand over documents in evidence in the companies’ U.S. litigation ahead of producing documents held in China.
Flight Centre has been ordered to pay $12.5 million in penalties for making multiple attempts to enter into price-fixing arrangements with three international airlines.
A Federal Court judge has questioned the independence of for-hire fee assessors in class actions, calling their opinions on legal costs “next to useless”.
Qantas has settled a lawsuit by a passenger who claims he suffered back and neck injuries after sitting in a faulty seat on a long-haul flight from Sydney to Los Angeles.
Blue Sky Alternative Investments could be facing a class action after a report by a U.S. hedge fund that found the Australian fund manager had exaggerated its assets under management and the performance of its investments, while also collecting excessive management fees.
A judge on Wednesday refused a bid by Australian mortgage aggregator Connective Group to put on hold a derivative lawsuit by a shareholder against the company’s bigwigs over the sale of 25 percent of the business to Macquarie Bank, saying there were no special circumstances justifying a stay.
The Australian Competition and Consumer Commission has raised concerns about MYOB’s proposed bid for Reckon’s accounting unit, saying it could substantially lessen competition in the market for accounting software.
A long-awaited congressional report has called for an overhaul of medical device regulation in Australia, in the wake of a system-wide failure to protect women who suffered “devastating” consequences after being implanted with faulty vaginal mesh products.
Companies that manipulate financial benchmarks will face specific civil and criminal penalties under changes to the law made by the government today, in the wake of $100 million in settlements by two of Australia’s largest banks last year over claims they manipulated the bank bill swap reference rate.