Please login to bookmark Close
The competition watchdog has given the greenlight to US cold storage giant Emergent Cold’s proposed takeover of rival Australian compay AB Oxford after raising preliminary concerns the deal would hike up prices.
Watchstone to pay $20.7M to settle with Slater & Gordon UK over $1.2B acquisition
Please login to bookmark Close
Slater & Gordon UK has agreed to a $20.7 million settlement of its claims against Watchstone Group, after seeking more than $1 billion from the insurance company over a botched 2015 acquisition that has spawned multiple class actions against the Australian firm.
Bean there, done that: Lavazza says it used ‘oro’ trade mark before Vittoria
Please login to bookmark Close
Italian coffee manufacturer Lavazza has hit back against an infringement case brought by Australian rival Vittoria over two Oro trade marks, saying Vittoria’s rights over the marks should be revoked and claiming four decades of prior continuous use of its own unregistered mark.
Stage set for battle over court’s power to vary class action funding agreements
Please login to bookmark Close
A judge’s decision refusing to approve a $42 million settlement in a shareholder class action against Murray Goulburn because of a “too high” funder’s commission has set the stage for a showdown over the power of courts to alter funding agreements, a battle potentially more consequential than the fight over common fund orders now before the High Court.
IOOF unit wins stay of $76M judgment as it mulls appeal of case against Sparke Helmore
Please login to bookmark Close
A judge has briefly stayed his $76.6 million judgment against IOOF subsidiary Australian Executor Trustees over the sale of a timber plantation by the collapsed Gunns Group as AET weighs an appeal of the ruling, which dismissed its cross-claim against law firm Sparke Helmore.
Mazda faces possible class action over diesel engine defects
Please login to bookmark Close
Law firm Bannister Law is probing a possible class action against Mazda after the automotive giant recalled tens of thousands of diesel vehicle models due to engine safety defects.
Firefighters agreement doesn’t discriminate against women, FWC says
Please login to bookmark Close
The Federal Government has lost a challenge raising discrimination concerns around a Fair Work Commission-approved enterprise agreement covering metropolitan firefighters in Victoria, with an FWC review panel finding its appeal lacked merit.
Legal fee fight looms in HIH Insurance shareholder actions
Please login to bookmark Close
Lawyers behind four quasi representative proceedings against the liquidators of collapsed HIH Insurance have launched a bid to recoup the costs of their successful 18-year-long legal battle.
Flight Centre pays $252,000 for misleading holiday vouchers
Please login to bookmark Close
Flight Centre has agreed to hand over $252,000 in penalties after the consumer watchdog slapped the travel giant with infringement notices for holiday promotions that potentially duped customers.
Judge tosses Babcock & Brown cases, finds ‘serious problems’ with market-based causation
Please login to bookmark Close
A judge has dismissed three proceedings by shareholders against the liquidator of failed global financial services firm Babcock & Brown, in a finding that highlights “serious problems” with market-based causation and may have ramifications for securities class actions.