A ruling that valued land snatched by the New South Wales government to make way for the massive WestConnex highway at $23 million is invalid because of a Commissioner’s involvement in adjudicating the matter, an appeals court has found.
The judge overseeing the competition lawsuit brought by the ACCC over Aurizon’s proposed sale of its Queensland intermodal business to Pacific National has denied the regulator’s bid for an injunction against Pacific, saying it amounted to micro-managing that could discourage “normal competitive behaviour”.
Chain logistics company Brambles is facing a second class action alleging it breached its continuous disclosure obligations by failing to revise its overly rosy 2017 financial forecast on several occasions.
The ACCC has won its request for an injunction blocking rail freight operator Aurizon from shutting its intermodal business down while a competition lawsuit the regulator filed over Aurizon’s proposed sale of the business to Pacific National makes its way through the court.
TransUrban has agreed to release detailed traffic data for its toll roads in New South Wales in hopes of winning the ACCC’s blessing of its proposed acquisition of a majority stake in the $16.8 billion WestConnex highway project.
Eclipx group is looking at a possible shareholder class action following recent drops in its share price after it disclosed that its published profit growth forecasts need to be revised downwards.
Two ‘sham letters’ produced by a senior manager of national car repair franchise Ultra Tune led both the ACCC and the court ‘down the garden path,’ a Federal Court judge heard Thursday.
The timing of an email from a Herbert Smith Freehills solicitor alerting the Fair Work Commission to union contempt proceedings, which the firm argued early this year was grounds for halting the amalgamation of the CFMEU with two other unions, points to ‘a high level of collusion’ to block the merger, a judge said Tuesday.
A unit of Yazaki Corp is seeking High Court approval to file an appeal after the Full Federal Court handed down a record $46 million penalty against the car parts maker for colluding with a competitor on prices for wire harnesses supplied to Toyota.
The Fair Work Commission has said Qantas doesn’t need its approval to hire Herbert Smith Freehills to assist it in an appeal in an unfair dismissal proceeding.