The ACCC’s recommended changes to the merger review framework that would require regulators to weigh whether a proposed acquisiton involved a potential competitor was a message to judges to rethink how they approached merger cases, the head of the watchdog said Monday.
A judge has quietly given his seal of approval to a settlement distribution scheme in a class action against KPMG, after raising questions about Piper Alderman’s legal bill and the litigation funder’s “arguably excessive” cut of the confidential settlement.
Thorn Group is seeking to raise $38.7 million to cover its share of a $29 million settlement in a consumer class action alleging its Radio Rentals unit pushed misleading ‘Rent, Try, $1 Buy’ leases onto vulnerable customers.
Facebook has come out against some of the competition watchdog’s recommendations in its final digital inquiry report and warned against the risk of pandering to powerful Australian media companies with regulation aimed at reining in rivals.
The judge overseeing Vodafoneās court battle with the competition regulator over a proposed merger with TPG questioned TPG founder David Teoh when the billionaire boss told a courtroom Thursday mobile technology was rapidly evolving, a remark seemingly at odds with the telecoās claim that it had no viable option in the next five years for resuming a stalled network rollout.
The reclusive head of TPG Telecom, David Teoh, faced the spotlight on Wednesday to give evidence in a case over the company’s planned $15 billion merger with Vodafone, telling a court under questioning that his company had not budgeted for a 5G network when it first made plans to enter the retail mobile network market.
The competition regulator’s opposition to the proposed $15 billion merger of telecommunications companies Vodafone and TPG was based on “mere possibilities” and was “chock full of speculation”, the Federal Court heard Tuesday.
A judge has consolidated two concurrent cases against the former directors and auditors of collapsed construction company Forge Group, after warning the overlapping actions needed to be carefully managed to avoid it becoming an āunrideable bullā.
The competition regulator is opposing a deal to combine two of Australia’s largest manufacturers of chilled ready meals, and fired a warning shot to companies and administrators who fail to ensure the watchdog is notified of deals with close competitiors.
Insurance company Watchstone Group, which is facing a lawsuit by Slater & Gordon UK over a botched acquisition that brought the law firm to its knees, has secured approval to file a counterclaim alleging auditor PricewaterhouseCoopers engaged in “secret meetings” with the firm’s corporate finance adviser to gain leverage leading up to the deal.