The Australian Taxation Office has reached a $138 million settlement in proceedings against Israel Discount Bank, the last remaining defendant in a long-running case over an alleged international tax evasion scheme involving the Binetter family, founders of Nudie Juice.
A $100 million shareholder class action against supermarket giant Woolworths has settled for $44.5 million, a few days before a 15-day trial was set to begin.
Fonterra has hit back at claims in a class action that the dairy giant misled farmers and breached its supply agreements when it slashed milk prices and sought a clawback in 2016, saying it warned farmers of the “extreme” volatility in the market.
Food dip producer Obela Fresh Dips & Spreads has won a $3 million judgment against a former director who defrauded the company of millions of dollars, lied about his wife’s suicide and fled the country.
Troubled food and beverage manufacturer Freedom Foods has denied a former company secretary and group general counsel was protected by whistleblower laws, claiming it was entitled to fire her for “serious misconduct”.
The Full Federal Court has upheld an appeal by In-N-Out Burgers against Sydney-based Hashtag Burgers, finding that its two sole directors were also liable for trademark infringement and passing off in owning and operating their ‘DOWN-N-OUT’ burger restaurants.
The Full Federal Court has upheld the dismissal of grocery store Aldi’s lawsuit claiming that the Transport Workers Union engaged in misleading conduct by representing that it was responsible for road deaths and put “unsafe” pressure on truck drivers.
Wine making family Forbes and one of its companies, Zilzie Wines, have launched legal action against PricewaterhouseCoopers alleging the professional services firm provided it with shonky tax advice that resulted in over $200,000 in loss and damages.
The Full Federal Court has tossed an appeal by Treasury Wine Estates claiming that Maurice Blackburn and barrister Guy Donnellan breached their obligations in preparing the pleadings in a current shareholder class action against the global winemaker.
The ACCC has raised preliminary competition concerns about Woolworths proposed 65 per cent acquisition of food wholesale distributor PFD Food Services, saying the deal would give Woolworths more power in its dealings with food manufacturers.