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Despite proposing a divestiture as part of its planned takeover of Healius, Australian Clinical Labs has failed to win the approval of the competition regulator for the $1.5 billion deal.
ASIC takes stockbroker Adam Blumenthal to court for alleged market rigging, breaches of duty
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The corporate regulator has brought proceedings against EverBlu Capital and Creso Pharma director Adam Blumenthal, alleging market rigging and breaches of duty, and has accepted an undertaking by the stockbroker that he will quit his involvement in financial services for the next five years.
Jan Cameron found guilty of failing to disclose interest in Bellamy’s
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Former Bellamy’s Australia director Jan Cameron has been found guilty of two counts of breaching the Corporations Act, following an investigation by the corporate regulator over her failure to disclose her stake in the baby formula company.
Judge in Lehrmann case wants to see Lisa Wilkinson’s legal advice on Logies speech
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A judge overseeing the trial in Bruce Lehrmann’s defamation case against Ten and journalist Lisa Wilkinson has asked to see the legal advice Wilkinson received before giving her Logies acceptance speech last year, saying it was “inconceivable” any lawyer would have approved it.
Class action accuses Melbourne law firm of negligence
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A Melbourne law firm is facing a class action on behalf of former clients it represented in litigation over childhood sexual abuse claims.
Airbnb should pay $30M over misleading accommodation prices, ACCC says
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The consumer watchdog has asked a court to impose a $15 million penalty against Airbnb in addition to a $15 million consumer redress scheme, in a case alleging the vacation rental giant misled Australian consumers by displaying prices in US dollars.
ANZ appeals disclosure breach finding over $2.5B share placement
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ANZ will appeal a ruling that it breached its continuous disclosure obligations when it failed to inform the ASX of a bailout by the underwriters of a 2015 institutional share placement.
Telstra can be sued for ex-employee’s ‘sickening’ sexual harassment of neighbours
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The Full Federal Court has found that Telstra can be sued for a former employee’s alleged sexual harassment of his neighbours, finding harassment that is part of a private dispute may also occur in the course of providing services.
ACCC blesses $1.15B Viva Energy, OTR tie-up with divestitures
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The ACCC has signed off on Viva Energy’s $1.15 billion acquisition of South Australia-based convenience store chain On The Run Group, after it agreed to divest 25 Coles Express sites in the state.
Grocon’s back-atcha argument on privilege fails in Barangaroo spat with Infrastructure NSW
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Grocon has lost yet another argument over documents in its lawsuit against Infrastructure NSW over a stalled $2 billion Central Barangaroo development project, with a judge rejecting its bid to access material over which the government agency claimed privilege and public interest immunity.