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Group members in two settled class actions against clothing retailer Surfstitch have been told the settlement amount available to them has plummeted amid a "very difficult retail environment".
The Australian Competition and Consumer Commission has approved Coles' planned acquisition of chilled meals supplier Jewel, saying the sale was better for competition than the liquidation of Jewel's assets.
The judge overseeing the trial in a trade secrets case brought by Australian auto electronics developer Directed Electronics OE against its rivals is considering how the cross-examination of witnesses will proceed given current restrictions imposed on gatherings due to the coronavirus, including in the event of a possible lockdown.
A hearing has been vacated in ACCC proceedings brought against Sony alleging it misled gamers who purchased faulty PlayStation games, with any penalty the entertainment company should face to be decided by the court on written submissions alone as it seeks to avoid in-person hearings.
Construction giant Boral is facing a shareholder class action for allegedly failing to disclose financial irregularities in its US windows business.
The Australian Competition and Consumer Commission has given the go-ahead for supermarkets to work together immediately to ensure consumers have access to fresh food and groceries, after a wave of panic buying lead to product shortages and delivery disruptions across the country.
National Australia Bank and HSBC, which are suing the liquidators of collapsed retailer Dick Smith to recoup over $125 million in loans, have successfully fought off a bid by two former company directors for a series of financial reports.
A judge has signed off on a $42.5 million settlement of a class action against Cash Converters, brought on behalf of consumers that look out personal loans, in a move that will see the plaintiffs firm behind the case pocket $12.4 million.
The Kingdom of Spain is keeping up its fight against the enforcement of two arbitration awards putting it on the hook for paying two investment companies $375 million.
Measures to relax insolvency and bankruptcy laws to stem a possible wave of COVID-19 company collapses will not achieve their goal -- and if Australia enters a European-style lockdown it won't be a wave of insolvencies, it will be a tsunami, Lawyerly has been told.