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ACCC flags competition concerns with Dye & Durham’s $2.9B bid for Link
The ACCC has raised concerns that Canada-based Dye & Durham's proposed $2.9 billion acquisition of technology services provider Link could harm competition in the market for digital conveyancing services.
Judge hits pause on ATO’s bid to sink Jan Cameron tax suit
A judge has hit pause on the ATO's application for summary judgment in proceedings launched by ex-Bellamy's Australia director Jan Cameron seeking declarations that a Carribean-based trust does not owe capital gains tax for selling shares in the baby food maker.
Full Court finds class actions are not managed investment schemes
In a significant victory for litigation funders, the Full Federal Court has found that funded class actions are not managed investment schemes subject to regulatory oversight, gutting the legal basis for reforms enacted by the Morrison government in 2020.
Allianz pleads guilty to false statements about travel insurance coverage
Insurer Allianz has pleaded guilty to six charges of making false or misleading statements online about the scope of cover under its travel insurance.
Avanteos hit with $1.7M penalty in landmark criminal case over dead member fees
Former Commonwealth Bank subsidiary Avanteos Investments has been slugged with a $1.7 million penalty after pleading guilty to charges it failed to update disclosure statements on products that continued to deduct adviser fees from accounts of dead superannuation members.
Ten asks court to toss sex discrimination claims from journalist’s harassment case
Network Ten has moved to strike out claims that it’s Canberra bureau, led by high profile political reporter Peter van Onselen and executive editor Anthony Murdoch “was a workplace that was hostile to women.”
‘Unsatisfactory state of affairs’: 7-Eleven class action funder wants $16.6M advance on payout
A litigation funder for two franchisee class actions against 7-Eleven has asked a court for a $16.6 million payout to cover its costs before a judge rules on how much it can pocket from a $98 million settlement.
James Hardie sued by former manager over unheeded safety complaints
A former manager has sued building giant James Hardie, alleging she was denied pay and mistreated after she made complaints about safety issues and the conduct of senior leadership.
Judge approves Blackstone’s takeover of Crown Resorts
A judge has given his approval to the takeover of Crown Resorts by US private equity group Blackstone.
$630,000 legal bill should be borne by all Drakes class action members, court told
A law firm is seeking a funding equalisation order to have all group members contribute to the $630,000 legal bill it racked up in running an underpayments class action on behalf of Drakes store managers that has settled for $2 million.