Bellamy's faces class action lawsuit after $500m share plunge
The infant formula company faces a class action lawsuit being led by Maurice Blackburn, with two other firms also considering taking action.
Mark Hawthorne is Senior Editor at The Age. Previously he was National Business Editor of Fairfax Metro Media.
The infant formula company faces a class action lawsuit being led by Maurice Blackburn, with two other firms also considering taking action.
Organic infant formula producer Bellamy's Australia has asked the Australian Stock Exchange to suspend its shares immediately.
There have been few bigger darlings of the Australian sharemarket than Bellamy's.
The very last Holden six-cylinder motor rolled off the company's Port Melbourne production line on Tuesday.
James Packer's Crown Resorts has assembled a "war room" of highly paid lawyers and advisors.
A key adage of the corporate world is "don't go into business with a friend". Or, as American oil baron John D. Rockefeller famously put it: "A friendship built on business can be glorious, while a business built on friendship can be murder."
"I detest him" says Grill'd founder of his friend and partner
For Australia's car makers, it started with a bang, and is ending with a whimper.
A year out from the closure of its two Australian manufacturing plants, and the production of the final locally built Commodore, Holden has unveiled its game plan for life as a pure car importer.
The company building the new international container terminal at Webb Dock has taken aim at both the state government and Port of Melbourne Corporation.
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