Final bids for Virgin Australia were lodged on Monday by investment firm Bain Capital and private equity investor Cyrus Capital Partners, and the struggling airline’s administrators are giving themselves a week to pick a winner.
Fonterra has been hit with a class action by disgruntled dairy farmers who allege they were unlawfully underpaid when the processor slashed milk prices and sought a “clawback” in 2016.
The Government has asked the Australian Competition and Consumer Commission to actively monitor the competitiveness of the domestic air travel market, which has been severely impacted by the COVID-19 pandemic.
A group of Queensland youths and rural landowners are suing Clive Palmer’s Waratah Coal for alleged human rights breaches over concerns the company’s Galilee Coal project may fuel dangerous climate change that puts their futures at risk.
The lead applicant in a class action against Ford over its allegedly defective PowerShift transmission broke down after being accused of lying under oath during a heated virtual cross-examination by the car company’s barrister.
The Australian Broadcasting Corporation has agreed to pay 1,800 current and former casual staff $12 million in unpaid wages, following an investigation by the Fair Work Ombudsman that found some workers were paid less than minimum wage.
Ardent Leisure, which operates the Dreamworld theme park in Queensland, is facing a shareholder class action over a 2016 tragedy in which four people died following a ride malfunction.
Medical technology company Respiri has settled a lawsuit brought by its former CEO alleging he was terminated for seeking to expand into the Indian market against the wishes of the ASX-listed company’s board.
Norway-based shipping company Wallenius Wilhlmsen Ocean AS has pleaded guilty to one charge of criminal cartel conduct, but told a court the penalty should be discounted from the maximum by over 50 per cent.
A Marshall Islands-based binary options trader has been hit with a $1.8 million penalty after a judge found it engaged in the “deliberate deception of vulnerable people”.