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Ernst & Young strikes back in Quintis class action
Ernst & Young, which has been named in a class action over its auditing of sandalwood producer Quintis, has filed cross-claims alleging Quintis should pick up the tab for any liability it may face in the proceedings.
ACCC rejects Meredith Dairy resale price maintenance plan
The Australian Competition and Consumer Commission has rejected a resale price maintenance plan by Meredith Dairy that would block resellers from selling its goat cheese products below a specified price, saying the potential harm to competition was not outweighed by any benefits.
ACCC raises competition concerns about Landmark’s $469M bid for Ruralco
The Australian Competition and Consumer Commission has raised competition concerns about rural supply giant Landmark's proposed $469 million takeover of competitor Ruralco, a move that would consolidate two of the three largest players in the rural merchandise market.
Bayer faces appeals of IP Australia rulings on antiseptic patent
Veterinary pharmaceutical companies Norbrook Laboratories and Merial have launched twin appeals of two IP Australia decisions allowing Bayer to amend a proposed patent for a treatment for mammary gland infections.
Farmers can’t use the word ‘oil’ in Montarra oil spill class action, PTTEP says
Oil company PTTEP has objected to Indonesian seaweed farmers using the word “oil” in their evidence in the Montarra oil spill class action, arguing they are not qualified to identify oil.
ACCC to review ANZ Terminals $350M bid for GrainCorp unit
The Australian Competition and Consumer Commission has opened a review into the proposed $350 million acquisition of a unit of global agribusiness GrainCorp by storage and handling specialist ANZ Terminals.
Queensland Sugar in sweet victory as Wilmar negligence case dismissed
Industry-owned Queensland Sugar Limited has succeeded in dismissing a court case brought by Wilmar Sugar Australia after record-high rainfalls led to a $60.8 million loss in 2010.
Oil spill class action trial delayed by expert evidence filed ‘without leave, without notice’
The Montarra oil spill class action trial has been pushed back by two weeks, following the filing of late expert evidence by the applicants "without leave, without notice," according to oil company PTTEP.
Viterra can’t shield identity of maltsters that engaged in dodgy business practices
The judge overseeing the lengthy trial between agricultural giants Cargill and Viterra over the $420 million sale of malt producer Joe White has shot down Viterra's request to shield the identity of malting companies that allegedly engaged in shady business practices, including using a banned substance to produce malt.
Meat & Livestock takes aim at bovine gene patent after judge tossed ‘bizarre’ challenge
Industry group Meat & Livestock Australia is challenging a ruling allowing US company Branhaven's cow genome patent to proceed, after a judge called the group's challenge to Branhaven's amendments to the patent "bizarre" and "flimsy".