The ACCC has been accused of running a “experimental test case” that tries to fit the shares market within the scope of the Competition and Consumer Act with its criminal cartel case against Citigroup, Deutsche Bank and several prominent banking executives over a $2.5 billion ANZ share placement.
JPMorgan Australia chairman Rob Priestley told Citigroup and Deutsche Bank executives not to âpanicâ about picking up a shortfall in the sale of ANZ shares, a court has heard in the ACCCâs criminal cartel case over a $2.5 billion ANZ share placement.
Australian beauty and skincare retailer Mecca has triumphed in a lawsuit brought against US makeup brand Hourglass, which tried to terminate an exclusive distribution agreement because of the COVID-19 pandemic.
A senior ACCC officer tried to dissuade ASIC from investigating alleged insider trading by JPMorgan because of fears it would âupsetâ the competition regulatorâs criminal cartel case over a $2.5 billion ANZ share placement, a court has heard.
A senior ACCC officer was probed Tuesday on whether the competition regulator updated its guidelines for taking witness statements in July in response to criticism of investigators’ methods in the cartel probe over ANZ’s $2.5 billion share placement.
Former Slater & Gordon managing director Andrew Grech has told the Federal Court he regretted his “catastrophic error” in approving the $1.2 billion acquisition of Quindell’s professional services division, which resulted in massive losses for the plaintiffs law firm.
Law firm Arnold Bloch Leibler will part with $28 million in its settlement with Slater & Gordon shareholders over advice ahead of the plaintiffs firm’s disastrous $1.2 billion Quindell acquisition.
A former JPMorgan managing director has said the three investment banks at the centre of an alleged cartel made individual decisions to trade âgentlyâ in ANZ shares but were conscious of their fellow underwriters’ risks following a botched share placement in 2015.
JPMorgan bigwigs who are key witnesses for the prosecution in its cartel case over ANZâs botched share placement in 2015 will be questioned by Citibank and Deutsche ahead of trial.
The ACCC’s practice of successively refining witness statements without saving draft versions was “quite unfair”, says a judge overseeing the competition regulator’s criminal cartel case over a botched ANZ share placement.