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The Australian Competition and Consumer Commission has expressed concerns that Transurban's plan to acquire a majority stake in fellow toll road operator Horizon Roads will hinder competition for future toll road projects.
As the knives come out in a contest between four law firms battling to run an $80 million class action against Star Entertainment, a court-appointed barrister has named his favourites – one of which has proposed a contingency fee of just 14 per cent.
Three firms fighting for carriage of a $80 million class action against Star Entertainment say a group costs order would guard against ‘costs blowouts’ in the case and have urged a judge to ditch a no win, no fee proposal brought by fourth-to-file firm Shine Lawyers.
In a decade-old dispute, Viterra has lost an appeal of a judgment holding it liable to pay Cargill Australia $293 million for misrepresentations about the performance of its malt producer Joe White, which it sold to Cargill for $420 million in 2013.
Pet and livestock drug company Zoetis, which successfully defended a class action over its horse vaccine Equivac, is pressing forward with its claim against the legal team that ran the unfunded case, seeking to recover $500,000 of its $3.8 million legal bill.
A New South Wales developer will mount a challenge to a Full Court decision that tossed the ACCC’s competition case against NSW Ports over an agreement to privatise two ports, arguing the majority ruling was “plainly wrong”.
A litigation funder whose cut of a $98 million settlement in franchise class actions against 7-Eleven was slashed in half is challenging a judge's finding that "strong reasons" exist to refuse it a common fund order.
A judge has approved a $29 million settlement in a class action against Westpac over 'junk' consumer credit insurance, a deal that earns the bank's customers at least $19.6 million.
Telstra and TPG have lost their challenge to the ACCC’s decision refusing authorisation for a $1.8 billion regional network sharing agreement, with the Australian Competition Tribunal finding the deal would increase Telstra's dominance in the mobile phone market.
Consumer goods giants Proctor & Gamble and Reckitt Benckiser have been urged by a court not to bury their dispute over marketing of a dishwashing tablet product under a mountain of competing performance tests.