Treasury Wine Estates is facing the threat of multiple shareholder class actions in the US over a January 2020 profit downgrade that is already at the centre of two class actions filed in Australia.
Global winemaker and distributor Treasury Wine Estates has been hit with a second class action over an earnings downgrade made in January this year, setting the stage for a possible fight between the law firms leading the proceedings.
A Fair Work Commission appeals panel has upheld a ruling that an Uber Eats delivery driver allegedly let go for being 10 minutes late was not an employee and was therefore not protected by unfair dismissal laws.
Grain handling group Viterra has been denied a post-hearing bid to reopen a lawsuit brought by Cargill Australia over its $420 million acquisition of Joe White, with a judge finding the application would lead to “substantial disruption and delay”.
Two Italian cheese consortiums have failed in separate bids to trade mark their respective cheeses, Gorgonzola and Asiago, with delegates ruling the trade marks were not capable of distinguishing each consortium’s products from other cheeses.
German grocery store Aldi Foods has appealed a Federal Court decision dismissing its case against the Transport Workers Union on a “legal technicality” despite a finding that material disseminated by the union was likely to mislead.
Treasury Wine Estates has said it will vigorously defend a shareholder class action filed this week over a recent earnings downgrade, one of two possible class actions the wine producer could be facing over the announcement.
The competition watchdog has signed off on the $16 billion acquisition of Carlton & United Breweries by Asahi after the Japanese beer giant offered to shed key beer and cider brands to seal the deal.
The Australian Competition and Consumer Commission has approved Coles’ planned acquisition of chilled meals supplier Jewel, saying the sale was better for competition than the liquidation of Jewel’s assets.
The Australian Competition and Consumer Commission has given the go-ahead for supermarkets to work together immediately to ensure consumers have access to fresh food and groceries, after a wave of panic buying lead to product shortages and delivery disruptions across the country.