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MYOB has decided to drop its bid to acquire Reckon’s accounting unit due to the ACCC’s extended regulatory review of the tie-up.
Unlockd wins bid to stop Google blocking app in Australia
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Mobile advertising startup Unlockd won a temporary injunction from the Federal Court Thursday barring Google from blocking its app in Australia until further hearing, in the first case to test revamped misuse of market power laws.
Jobs Minister Michaelia Cash to fight AWU subpoena in raids case
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Employment Minister Michaelia Cash vowed Thursday to challenge a subpoena ordered by the Federal Court to appear as a witness in a case over last year’s raids on the offices of the Australian Workers’ Union.
Apple issued warning in NZ as ACCC trial looms
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As Apple gears up to face off against the ACCC next month for allegedly misleading iPhone and iPad users about their rights to have faulty devices repaired free of charge, it has received a fresh warning that it may have violated consumer laws, this time in New Zealand, by setting expiry dates on consumer guarantees.
US blesses Bayer, Monsanto deal with $US9B in divestitures
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The US Department of Justice has secured its largest ever merger divestiture, with Bayer AG agreeing to sell $US9 billion in assets to BASF to win approval of its $US66 billion Monsanto acquisition, a deal that goes far beyond what the regulator’s counterparts in Australia and the European Union required.
Kmart boss misled cargo pants maker in IP spat, court told
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Kmart CEO Guy Russo gave false assurances that the department store had revamped designs for a line of cargo pants and shorts after being warned that it was infringing on the copyright of workwear brand FXD, a new suit alleges.
Optus prevails in Telstra suit over ‘Empires End’ ad
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A judge has lifted an injunction against an Optus ad campaign after ruling that Telstra failed to make its case that the ‘Empires End’ campaign was misleading or deceptive.
Wilson Security to pay $740,000 in ACCC settlement
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Australians who didn’t get security patrols they paid for will be refunded $740,000 under a settlement reached between Wilson Security and the Australian Competition and Consumer Commission.
Aristocrat docs still ‘floating around’ rival’s office, court told
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Gaming giant Aristocrat Technologies told a court Wednesday that confidential material used by a designer to steal its poker machine idea may yet find its way into the launch version of its rival’s machine, despite assurances to the contrary.
Funder gets $30M in landmark class action creating common fund
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The litigation funder behind the Federal Court’s precedential ruling that established the first common fund order in an Australian class action has secured a $30.75 million payout in the case.