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ACCC will not oppose Woolworths’ planned $552M investment in PFD
The ACCC has cleared Woolworths' planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services without the supermarket giant's proposed undertaking to maintain independence between the company for three years.
Halifax auditor faces first criminal charges over auditing breaches
Criminal charges have been laid against the auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, in the first criminal charges brought over auditing services in Australia.
NSW Deputy Premier sues YouTube star Jordan Shanks for ‘smear campaign’
NSW Deputy Premier John Barilaro has followed through on his threat to sue YouTuber Jordan Shanks for defamation over videos that allegedly implied the politician acted corruptly, engaged in blackmail and repeatedly committed perjury.
In victory for Glencore, High Court won’t weigh in on landmark transfer pricing ruling
The High Court has denied the ATO's request that it weigh in on Australia's transfer pricing regime, leaving in place a Full Court victory for mining giant Glencore that left it paying $2 million of a $92 million bill relating to the sale of copper from a mine in Cobar, NSW.
Arnott’s, Goodman Fielder lay down swords in ‘Plantry’ trade mark battle
Arnott's and Campbells have settled a lawsuit brought by Goodman Fielder accusing them of infringing its 'Plantry' mark under which it sells plant-based frozen meals, after the cookie company filed a cross-claim seeking to have the mark cancelled.
Judge baulks at law firm’s $13.8M bill in settled Woolworths class action
A judge has refused to sign off on $13.8 million in fees sought by law firm Maurice Blackburn as part of a $44.5 million settlement in a class action against Woolworths, saying the amount was "intuitively out of the range" of what was a reasonable legal bill for the case.
Class action barristers elevated to Victoria Supreme Court
The lead counsel in class actions against AMP and Vocation and a silk who worked on the landmark Black Saturday bushfire class actions are the latest judicial appointees to the Victoria Supreme Court, boosting the class action chops of the court’s bench.
Virgin Australia dodges lawsuit by passengers served perfume water
Virgin Australia has defeated a lawsuit brought by two passengers who were served water which allegedly contained perfume, with a judge finding that their subsequent medical issues were not caused by the “tainted” water.
Megasave hit with $1.9M penalty for misleading prospective franchisees
A judge has imposed a $1.9 million penalty against Megasave Couriers after the delivery company was found to have misled franchisees with false promises of guaranteed minimum weekly payments and annual income.
AFR apologises to iSignThis as defamation case settles
The publisher of the Australian Financial Review has settled a defamation lawsuit by iSignthis CEO John Karantzis over an article by Rear Window columnist Joe Aston that allegedly falsely linked him to a money laundering scheme.