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Two high stakes lawsuits brought by a2 Milk Company against rival dairy producers over the use of a2 as a trade mark are “very likely” to reach resolution next week, a court has heard.
Freedom Foods, Deloitte hit with second class action over $590M writedown
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Food and beverage manufacturer Freedom Foods and accounting giant Deloitte have been hit with a second class action by irate investors seeking compensation for “accounting errors” that led to a $590 million write-down in November last year.
Allianz hit with criminal charges over travel insurance statements
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Insurer Allianz and its distributor AWP have fronted court facing charges that they made false and misleading statements about their travel insurance products.
Former Leighton exec faces new foreign bribery charge
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A former director of a Leighton Holdings subsidiary has been hit with a third foreign bribery charge after a six-year AFP investigation found bribes were paid to Tanzanian public officials to secure a mooring replacement contract worth $US66.48 million.
Murray Goulburn insurer says it shouldn’t be on the hook for class action settlement
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Murray Goulburn insurer AIG Australia says it should not have to pay 20 per cent of a $42 million class action settlement reached by the dairy cooperative, arguing on Tuesday that the class action claims failed to satisfy the definition of a “securities claim” in its insurance policy.
Push for merger law reform a priority for bruised regulator, ACCC chief says
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Australia’s merger laws are not fit for purpose and the current approach to merger control needs to be rebalanced, the head of the ACCC has said in setting down the regulator’s agenda for 2021.
Viagogo seeks stay of $7M penalty, citing ‘catastrophic effect’ of COVID-19 pandemic
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Ticket reseller Viagogo is seeking a stay of a $7 million penalty in litigation brought by the ACCC in light of the “catastrophic effect” of the COVID-19 pandemic, as the company appeals a court’s finding that it misled customers on an “industrial scale”.
Victoria launches royal commission into Crown Resorts
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A royal commission has been established in Victoria to look into whether Crown Melbourne is suitable to hold a casino licence in the state, following a damning report from the NSW gaming authority.
Priceline staring down class action by irate pharmacy franchisees
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Pharmacy giant Priceline is the target of an “imminent” class action, with a group of dissatisfied franchisees accusing the company of exercising an “overly prescriptive” level of control over its franchises and fettering profitability.
Union calls for regulation after landmark ruling that Uber drivers are workers
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The Transport Workers Union is calling on the government to regulate the gig economy in the wake of a unanimous ruling from the UK Supreme Court that found Uber drivers are not independent contractors but workers with the right to entitlements.