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ASIC drags ex-Murray Goulburn execs to court
Securities 2019-06-25 2:18 pm By Cat Fredenburgh

The former directors of Murray Goulburn, who admitted in proceedings brought by the ACCC to aiding in false representations the dairy co-op made to farmers about the farmgate milk prices it would pay during the 2015-16 season, are now facing a separate lawsuit by the Australian Securities and Investments Commission.

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Murray Goulburn pays $42M to settle shareholder class action
Class Actions 2019-06-24 8:55 pm By Amelia Birnie

Dairy supplier Murray Goulburn has agreed to pay $42 million to settle one of two shareholder class actions over a 2016 profit forecast revision that sent the co-op’s unit price falling more than 40 per cent in five days. 

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Judge pauses ASIC case against ANZ over $2.5B share placement
Securities 2019-06-21 11:35 pm By Cat Fredenburgh

ANZ Bank has secured a stay of the corporate cop’s civil penalties proceeding over disclosures related to its $2.5 billion equity capital raising while it fights criminal cartel charges related to the controversial share placement.

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Hundreds of privileged advice docs accidentally disclosed in Radio Rentals class action
Class Actions 2019-06-21 6:59 pm By Amelia Birnie

Lawyers for Radio Rentals are trying to take back hundreds of potentially privileged documents in a consumer class action over the company’s ‘Rent, Try, $1 Buy’ program, after they were accidentally disclosed as a result of an IT redaction error.

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Gilbert + Tobin nabs in-house bigwig for competition group
People In The News 2019-06-20 9:28 pm By Cat Fredenburgh

Gilbert + Tobin has lured the former global head of antitrust at Swiss pharmaceutical giant Novartis to its competition group.

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Maurice Blackburn reunites with air cargo lead applicant in cartel class action against banks
Competition & Consumer Protection 2019-06-20 3:09 pm By Christine Caulfield

The law firm running a cartel class action alleging manipulation of foreign exchange rates by five global investment banks is teaming up with the same lead applicant that represented group members in the price-fixing case against major international airlines.

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Ex-HWL Ebsworth lawyer admitted errors in Sydney land tender, court hears
Real Estate 2019-06-19 8:13 pm By Amelia Birnie

A court has heard a former HWL Ebsworth property lawyer admitted to errors in a due diligence report missing crucial flood risk information that is at the centre of a trial over a $28.5 million sale of Crown-owned land in Sydney.

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ACCC tells court there’s a ‘real chance’ TPG will resume 5G rollout
Competition & Consumer Protection 2019-06-19 4:28 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has told the court there’s “at least a real chance” TPG will resume plans to roll out a 5G mobile network after its earlier plans were thwarted by the government’s ban on the use Huawei technology, as the regulator defends its decision to block the proposed $15 billion tie-up between TPG and Vodafone.

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ACCC takes Jump! swim school to court for misleading franchisees
Competition & Consumer Protection 2019-06-18 9:34 pm By Cat Fredenburgh

The Australian Competition and Consumer Commission has taken the operator of the Jump! swim school franchise and its director to court for allegedly promising franchisees that it would hand over an operational franchise within 12 months of signing a franchise agreement when it had no reasonable basis for making the promise.

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Kraft can stay in peanut butter game while it appeals trade dress loss to Bega
Appeals 2019-06-17 9:56 pm By Cat Fredenburgh

The judge overseeing a dispute between Kraft and Bega over peanut butter trade dress rights has stayed orders barring Kraft from selling peanut butter in Australia featuring the disputed trade dress while it appeals its loss to Bega in the case.

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