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Telstra, TPG give up fight over $1.8B network sharing deal
Telstra and TPG will not challenge a decision by the Australian Competition Tribunal to uphold the ACCC's rejection of their proposed regional network sharing agreement.
Super fund suing Slater & Gordon looks to join Allegro Funds
A self-managed superannuation that has taken Slater & Gordon to court over the acquisition of its shares in the firm by Allegro Funds is seeking to join the private equity firm to the proceeding.
Penalty privilege can’t be used to dodge production of books
A judge has found that penalty privilege cannot be used to avoid the production of books under the Corporation Act.
ACCC rejects $4.9B ANZ, Suncorp merger
The ACCC has rejected ANZ's $4.9 billion acquisition of Queensland-based Suncorp, setting up a likely challenge before the Australian Competition Tribunal.
Super trustee Diversa can’t dodge blame for banned financial adviser, court told
The Australian Securities and Investments Commission has told a trial judge that superannuation trustee Diversa can’t hide behind outsourcing arrangements to explain its alleged failures to oversee a now-banned financial adviser accused of luring vulnerable customers into signing up to Diversa accounts.
National Tiles boss Frank Walker can shield legal docs in fraud case by ousted director
A judge has sided with National Tiles founder Frank Walker over the privilege status of advice from his lawyers in a case by a former director alleging Walker falsified minutes of a crucial company board meeting, saying the evidence on its face did not suggest the minutes had been fabricated.
Viterra goes to High Court in epic fight with Cargill over Joe White sale
Glencore-owned Viterra has taken its 10-year fight with Cargill to the High Court after an appeals court upheld a judgment putting it on the hook for almost $300 million in damages for misleading representations in the sale of malt producer Joe White in 2013.
ACL’s $1.5B tie-up with Healius rings alarm bells for ACCC
The proposed $1.5 billion merger of Australian Clinical Labs and Healius -- two of Australia’s largest pathology services providers -- is likely to substantially lessen competition, the ACCC has warned.
Zap Fitness founder forced to drop negligence suit against Pitcher Partners
A court has issued an injunction forcing the discontinuance of a negligence suit against accounting firm Pitcher Partners by the former owner of Zap Fitness, a case found to be barred by the terms of a settlement.
Care A2 loses bid for freezing order in case against Sports Flick exec
Infant formula maker Care A2 Plus has lost a bid for a freezing order against the former chief financial officer of Sports Flick as it appeals a finding she had no involvement in a fellow executive’s "deceitful" scheme over a $5 million World Cup streaming deal.