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Viterra loses bid for ‘drastic’ freezing orders to safekeep $18m arbitration award
Arbitration 2022-03-15 10:01 pm By Cindy Cameronne

Viterra has lost its battle to maintain freezing orders against two Australian business as it seeks to enforce an $18.7 million arbitration award against a related but separate Chinese company.

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Viterra rejected $85M offer to settle Cargill lawsuit over Joe White sale
Competition & Consumer Protection 2022-03-02 10:27 pm By Sam Matthews

Grain producer Viterra, which has been ordered to pay $293 million to Cargill Australia for making misleading representations during the sale of malt producer Joe White, rejected an offer to settle the lawsuit for $85 million, a court has heard.

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Viterra hit with $124M in interest on top of $168.9M in damages owed to Cargill
Competition & Consumer Protection 2022-02-28 5:54 pm By Sam Matthews

Grain producer Viterra has been ordered to pay Cargill Australia $124 million in pre-judgment interest on top of the $168.9 million it was ordered to pay after a judge found it misrepresented the performance capabilities of Joe White during the $420 million sale of the malt producer.

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Wotif founder ordered to pay $15M in aquaculture share dispute
Corporate 2022-02-23 2:28 pm By Miklos Bolza

Philanthropist and Wotif founder Graeme Wood will have to pay more than $15 million after the Victoria Supreme Court found one of his companies had breached an agreement to act as guarantor for the $73 million sale of a Queensland aquaculture business.

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Viterra to pay $168.9M for misleading Cargill during Joe White sale
Corporate 2022-02-17 2:05 pm By Cat Fredenburgh

Grain producer Viterra will be ordered to pay Cargill Australia $168.9 million after a judge found the Glencore-owned company  misrepresented the performance capabilities of malt producer Joe White when it sold the company for $420 million in 2013.

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Law firm accused of giving bad tax advice on $3B Wyndham Vale development
Professional Negligence 2022-02-17 4:48 pm By Cat Fredenburgh

Melbourne farmers-turned-developers the Bozzo family have sued a national law firm for allegedly giving bad tax advice on the $3 billion Wyndham Vale development in Melbourne’s west, situated on 482 hectares of land the family purchased in 1994.

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Trial vacated in Monsanto class action over Roundup weed killer
Product Liability 2022-02-11 7:02 pm By Christine Caulfield

An upcoming three-month trial in a class action against agrochemical giant Monsanto has been vacated after the applicant’s key expert withdrew from the case.

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ACCC clears JBS Australia’s proposed $175M acquisition of Rivalea
Corporate 2021-12-02 7:20 pm By Bianca Hrovat

The Australian Competition and Consumer Commission has given the green light to pork processor JBS Australia to proceed with its proposed $175 million acquisition of a Singapore-owned pig farm and abattoir business, despite competition concerns raised by pig farmers.

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Class action targets Morrison government over white spot disease outbreak
Class Actions 2021-12-01 10:19 am By Cindy Cameronne

The federal government is facing a class action over alleged biosecurity breaches that led to the 2016 outbreak of white spot disease in South-East Queensland, which decimated the region’s commercial prawn industry.

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a2 Milk faces second shareholder class action
Class Actions 2021-11-24 3:55 pm By Bianca Hrovat

Dairy giant a2 Milk has been hit with a second class action alleging it misled shareholders by providing an overly rosy forecast for its infant formula sales.

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