The head of the Australian Competition and Consumer Commission said Thursday that when it comes to mortgage prices, the behaviour of Australia’s big four banks looks more like synchronised swimming than vigorous competition.
Nationwide News has moved to appeal after a ruling in a closely-watched defamation case by actor Geoffrey Rush that struck down one of Nationwide’s key defences.
Japan-based global shipper K-Line has pled guilty to its role in a criminal cartel, the second company to admit guilt in Australia in the case.
There is nothing novel about a dying mesothelioma sufferer seeking damages for the loss of 17 years’ of superannuation and the age pension, the High Court has been told ahead of an expedited hearing on the question of whether the benefits count as compensable loss of earnings in tort cases.
Blue Sky Alternative Investments has asked Australia’s corporate watchdog to investigate US hedge fund Glaucus for market manipulation, after a scathing report by the fund last week sent Blue Sky’s stock into a tailspin and raised the prospect of a shareholder lawsuit.
The Australian Competition and Consumer Commission gave the go-ahead Wednesday to the $1.3 billion merger of dairy giant Saputo with Australian milk co-op Murray Goulburn, after Saputo agreed to divest the Koroit dairy plant in Victoria.
A judge overseeing Motorola Solutions’ patent infringement suit against Hytera Communications has ordered the Chinese company to hand over documents in evidence in the companies’ U.S. litigation ahead of producing documents held in China.
Flight Centre has been ordered to pay $12.5 million in penalties for making multiple attempts to enter into price-fixing arrangements with three international airlines.
A Federal Court judge has questioned the independence of for-hire fee assessors in class actions, calling their opinions on legal costs “next to useless”.
A judge has fined two companies for selling garage-door remote controls that infringe three Australian patents owned by U.S.-based The Chamberlain Group.
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