Industries

Mayne Pharma says it, and not US drug maker Cosette, has terminated their $672 million merger agreement and that it is therefore not on the hook for a break fee.

AMP has agreed to pay $29 million to settle a class action alleging insurance customers were overcharged, putting to rest another case stemming from "serious misconduct" that came to light curing the 2018 banking royal commission.

The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA's insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia.

IG Energy and former subsidiary IG Power -- now owned by Czech investment firm Sev.en -- are fighting over a $3.5 million surplus from the administration of IG's interest in the Callide Power Station in Queensland.

CIP Group can subpoena Queensland Police, with a judge finding the timing of an ex-business partner's complaints to police may be material to a change of tack in CIP's $30 million suit over a residential development.

Solar developer Green Gold Energy has lost its bid to bifurcate an upcoming trial in its case accusing competitor Trina Solar of misusing its confidential information, with a judge citing the risks of a retrial. 

A world-first law banning kids under 16 from accessing social media platforms has gone into force, with the eSafety commissioner vowing to publish a report card on compliance by the end of the year.

Developer Mirvac has been picked to transform the old Sydney Fish Market site, beating out Lendlease and Stockland Urban as the Infrastructure NSW's preferred bidder.

A judge has called out the directors of failed Super Rugby club Melbourne Rebels for their “startling” inability to explain their case against the club’s administrators and the tax office.

Setting up another potential legal fight, Mayne Pharma has said US drug maker Cosette did not validly terminate their $672 million merger agreement, which failed to receive FIRB approval.