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Alsco proposal for Spotless may not wash with ACCC
The Australian Competition and Consumer Commission has raised concerns about Alsco's proposed acquisition of commercial laundry business Spotless Garments, saying the combined entity would have few large competitors.
Commonwealth Bank settles with ex-GM who blew whistle on bonuses
Commonwealth Bank of Australia has resolved a lawsuit brought by a former general manager alleging he lost his job for blowing the whistle on a system allegedly used by staff to inflate their bonuses.
Mylan NV’s planned merger with Pfizer’s Upjohn gets greenlight after drug sell-off
The competition watchdog will not oppose Mylan NV’s proposed merger with Pfizer’s Upjohn Inc after the global pharmaceutical giants agreed to sell several off-patent brands to dispel competition concerns.
Virgin ordered to fly engines to US, as creditors sign off on $3.5B sale to Bain
Virgin Australia has been ordered to return four jet engines to the United States, after a court found the embattled airline and its administrators failed to properly hand over the engines and other equipment to their owners.
ACCC to keep investigations of completed mergers close to its chest
The Australian Competition and Consumer Commission has told lawyers it will no longer publicise its investigations into completed mergers, which until now have been listed on the mergers public register.
Accounting firm hits back at class action over ‘worthless and unsaleable’ Guvera shares
The accounting firm at the centre of a class action over failed music streaming platform Guvera has hit back at claims it was negligent in promoting an investment opportunity in the failed tech company.
Thomson Geer eyes major firm status with raids on DLA Piper, Macpherson Kelley
Thomson Geer has raided DLA Piper and Macpherson Kelley and picked up some of Australia’s top lawyers, one month after raiding Dentons' Brisbane office, as it aims to become one of the country’s major law firms.
Coverforce shareholder can use docs from Resilium row in new lawsuit
The majority shareholder in insurance broker Coverforce has won its bid to use documents from an existing lawsuit over the company's $25 million acquisition of Suncorp unit Resilium in new proceedings it intends to bring.
ACCC delays decision on $3B Google, Fitbit merger
The Australian Competition and Consumer Commission has delayed it decision on whether to block Google's $3 billion tie-up with fitness device company Fitbit to allow time for the European Union to investigate the proposed merger.
Mills Oakley faces negligence lawsuit over share sale to Slater & Gordon
National law firm Mills Oakley has been accused of negligence and breach of contract over advice the firm gave regarding the sale of shares in a personal injury law firm to Slater & Gordon.