ACCC approves $13B acquisition of Australian energy giant

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The Australian Consumer and Competition Commission has said it will permit a $13 billion acquisition of Australian energy infrastructure business APA Group by a Hong Kong group of companies after accepting a court-enforceable undertaking.

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Geoffrey Rush to argue accuser ‘distressed’ by break-up

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Geoffrey Rush’s legal team plans to question his King Lear co-star over a break-up with her partner, arguing the actress at the centre of a defamation case might have been distressed by the relationship split, not by any allegedly inappropriate behaviour by the Oscar-winning actor.

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Boral subsidiary fined $30,000 for threatening to sack workforce

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A subsidiary of building materials giant Boral was fined $30,000 Wednesday after threatening to sack its entire workforce for voting down proposed changes to an enterprise agreement to comply with the building watchdog’s code.

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Alan Jones, radio stations must pay $3.75M for defaming Wagner family

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Broadcaster Alan Jones and two radio stations have been ordered to pay $3.75 million for defaming a prominent Queensland family by blaming them for the deaths of 12 people in the 2011 Grantham floods.

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Cargill wins bid to call King & Wood Mallesons solicitor as a witness

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A judge has granted Cargill Australia’s request to call a King & Wood Mallesons solicitor that represented Viterra as a witness in the epic trial over the $420 million sale of Viterra’s Joe White business to Cargill in 2013.

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Slater & Gordon targets banks, wealth managers in class action campaign

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Law firm Slater and Gordon will launch a series of class actions alleging the big banks and wealth managers ripped off more than $1 billion from members of their superannuation funds.

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Deloitte partners don’t have access to Hastie files, court told

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Accounting giant Deloitte is digging in for a fight over a court order to produce documents to a shareholder class over the firm’s auditing of collapsed engineering company Hastie Group, saying partners forced to hand over the files don’t have access to them.

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Woolworths faces $100M shareholder class action over profit guidance

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Supermarket giant Woolworths has been hit with a class action on behalf of investors who allegedly suffered losses when the company revised its sales and profit guidance and revealed it had been using the wrong pricing competitiveness and stock availability metrics.

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Class action says mortgage investment firm charged excessive fees

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An Australian mortgage investment manager has been hit with a class action, alleging it charged excessive fees on loans and made misleading representations to borrowers.

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Mortgage firm can’t shut down derivative suit over Macquarie Bank sale

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Mortgage aggregator Connective Group has lost an appeal of a ruling that gave the greenlight to a shareholder’s derivative lawsuit against company directors and Macquarie Bank over the sale of 25 percent of the business to the bank.

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