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The Australian Competition and Consumer Commission will not oppose an acquisition by Lactalis of assets of New Zealand dairy cooperative Fonterra if the French multinational is successful in its bid.
ASIC wins $3.5M penalty over funeral insurer’s ‘Aboriginal owned’ claims
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Funeral insurer ACBF has been hit with a $3.5 million penalty for “callous” and “egregious” misrepresentations to Indigenous customers that its business was Aboriginal owned or managed.
Melbourne Uni professor axed for relationship with student wins job back
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A Melbourne University engineering professor who was sacked for sending intimate messages to a PhD student has been reinstated after the Fair Work Commission found he was unfairly dismissed.
Acciona, AECOM to face class action claims over Hunter Valley bus crash
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A class action on behalf of families of victims of a bus accident in Hunter Valley, NSW has won court approval to add builder Acciona and consultant AECOM as defendants, claiming they were responsible for the construction and certification of the interchange where the tragedy occurred.
Builder Shinetec claims priority interest in $48M paid to Gosford receivers
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In a new suit against the developer of an abandoned $185 million project in Sydney, Shinetec has asked the court to declare its priority interest in a $48 million payment recently paid to the developer by Bank of China.
Johns Lyng accepts $1.3B takeover bid from Pacific Equity Partners
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Australian building services provider Johns Lyng Group has agreed to be acquired by a subsidiary of private equity group Pacific Equity Partners in a $1.3 billion deal.
‘Unacceptable’: Court says Sydney can’t afford loss of Paddington boarding house
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A court has described a plan to demolish a 32-room boarding house for the construction of four luxury residences in Paddington as an “unacceptable loss” of affordable housing in inner-city Sydney.
AsheMorgan boosts industrial portfolio with new assets from Centennial
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Private equity real estate firm AsheMorgan has snapped up two industrial properties, paying a reported $33.5 million for a logistics hub in Melbourne and $20.5 million for another in Brisbane.
Mercedes-Benz dealers come up short in appeal of $650M lawsuit loss
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Mercedes-Benz dealers have lost their appeal of a decision tossing their $650 million suit, with the Full Court backing the primary judge’s rejection of a “moralistic” approach to unconscionable conduct.
Toyota hit with class action over peeling paint on Corollas
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Toyota has been hit with a class action alleging that a defect in certain Corolla models caused paint to peel when exposed to sunlight or ultraviolet light.