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Coverforce shareholder can use docs from Resilium row in new lawsuit
The majority shareholder in insurance broker Coverforce has won its bid to use documents from an existing lawsuit over the company's $25 million acquisition of Suncorp unit Resilium in new proceedings it intends to bring.
ACCC delays decision on $3B Google, Fitbit merger
The Australian Competition and Consumer Commission has delayed it decision on whether to block Google's $3 billion tie-up with fitness device company Fitbit to allow time for the European Union to investigate the proposed merger.
Mills Oakley faces negligence lawsuit over share sale to Slater & Gordon
National law firm Mills Oakley has been accused of negligence and breach of contract over advice the firm gave regarding the sale of shares in a personal injury law firm to Slater & Gordon.
Gilbert + Tobin faces appeal by Sydney businessman Charif Kazal
Sydney businessmen Charif and Tarek Kazal have appealed a ruling that found their claims against Gilbert + Tobin over an alleged dishonest scheme to rob them of a 50 per cent stake in a lucrative Sydney waste facility were "fundamentally incoherent".
Ashurst partner hit with indemnity costs in Point Piper property feud
An Ashurst partner in a long-running stoush with his former Family Court judge neighbour over a property in the harbourfront Sydney suburb of Point Piper has been hit with indemnity costs for "unreasonably" pushing his case.
Gilbert + Tobin escapes Sydney businessman Charif Kazal’s ‘incoherent’ claims
Law firm Gilbert + Tobin has won the dismissal of claims brought by businessmen Charif and Tarek Kazal over an alleged dishonest scheme to rob them of a 50 per cent stake in a lucrative Sydney waste facility that a judge said was "fundamentally incoherent".
Virgin bondholders attempt to block sale to Bain
Virgin Australia unsecured bondholders have launched an application with the Takeovers Panel in a bid to stop the sale of the embattled airline to Bain Capital, claiming certain elements of the administration process were “unacceptable”.
Court tosses appeal over botched $1.4B Babcock & Brown acquisition
A private investment fund has failed again in its bid for damages from collapsed global advisory firm Babcock & Brown over a botched $1.4B acquisition of a US-based laundry equipment provider.
Bain, Cyrus make final offers for Virgin
Final bids for Virgin Australia were lodged on Monday by investment firm Bain Capital and private equity investor Cyrus Capital Partners, and the struggling airline's administrators are giving themselves a week to pick a winner.
ACCC clears $120M AFG, Connective merger
The competition cop has given its blessing to Australian Finance Group's $120 million acquisition of rival Connective Group, after raising concerns the deal could squeeze smaller players out of the mortgage aggregator market.