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Australia's largest media union has called on the ACCC to block the proposed merger of Nine Entertainment and Fairfax Media, saying it's a threat to media diversity in an already heavily consolidated media industry.
The amicus hired to assess the funder's cut of a potentially record settlement in several class actions against S&P Global over toxic financial products has told the judge that if he's considering approving a funding equalisation order, he should “start with a blank piece of paper” in calculating a reasonable funder's commission.
The former CEO of organic baby food producer Bellamy's Australia has lost a legal battle over $1.2 million in options she claimed she was owed as part of a long-term financial incentives scheme.
Shareholders in a class action against Deloitte over the collapse of engineering company Hastie Group have won a major ruling against partners at the auditing firm who resisted handing over evidence to the class for fear of incriminating others at the accounting giant.
Johnson Winter & Slattery has been pulled into a class action against failed educational training company Vocation and its auditor PricewaterhouseCoopers, with the auditor saying the firm’s advice to Vocation constituted misleading and deceptive conduct.
Europcar has been hit with an enforcement action by the Australian Competition and Consumer Commission accusing the rental car company of slapping customers with excessive credit and debit card payment surcharges.
A judge has dismissed a bid by Australian auto electronics company Directed OE for an injunction stopping South Korean rival Hanhwa from supplying a new audio visual unit to truck company Izuzu it claims was developed using confidential information.
The Fair Work Commission has said Qantas doesn't need its approval to hire Herbert Smith Freehills to assist it in an appeal in an unfair dismissal proceeding.
MinterEllison has resolved claims by two directors of failed Solar Shop Australia alleging the law firm, which was retained by the company to advise on a buyback scheme involving $15 million in shares owned by founder Adrian Ferraretto, breached its duty of care.
The judge weighing a record settlement in multiple class actions against S&P Global over toxic financial products said Tuesday there was "no way" he would sign off on the deal while it stipulated that all funds be returned to the ratings agency in the event the settlement amount is disclosed.