Beach Energy is fighting a bid to adjourn a fight about security for costs in a shareholder class action until the firm that’s running it has more favourable evidence of its debt financing position, saying the application is “doctrinally unprecedented.”
Slater & Gordon is seeking summary dismissal of a case brought by a shareholder over the plaintiff firm’s takeover by private equity firm Allegro, saying it is not the right target for the claims.
The ACCC’s rejection of a $4.9 billion merger between ANZ and Suncorp was hardly surprising given the concentrated nature of the home loans market, but the competition regulator faced an uphill battle in having the decision upheld, an expert says.
The ACCC’s decision to block a $4.9 billion merger between ANZ and Suncorp has been set aside, with a tribunal finding the transaction will not substantially lessen competition in the home loans market or for agribusiness and SME clients in Queensland.
A senior ABC producer has sued the broadcaster, alleging he’s owed $290,000 in underpayments, including for working an average 70 hours a week on the documentary series ‘Australian Story’.
A judge has ordered Seven Network to pay $35,000 to a man who said he was defamed by the broadcaster, finding that he “spat towards” but not at the alleged rape victim of rugby league footballer Jarryd Hayne.
A woman who secured a $650,000 settlement from Coles after allegedly slipping on water at a Penrith, NSW supermarket may see just over five per cent of the sum after fees by the two law firms that represented her, as well as deductions by Medicare and Centrelink, a judge has said.
National Australia Bank has lost its bid to shield a case by a Melbourne gold bullion dealer after a judge said one of the bank’s arguments for suppression had “the air of a Kafka novel”.
The current owners of vitamin giant Nature’s Care have lost a bid to extend an urgent injunction against the company’s founding family amid fears they were trying to regain control of the corporate group, with a judge finding the family may faced oppressive conduct themselves.
The Fair Work Ombudsman has won its underpayments case against restaurant chain Sushi Bay and its director, with a judge finding the company forced migrant workers to pay back their entitlements in cash in a “calculated and institutional effort” to conceal wrongdoing.