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Construction PRO
A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has reached an in-principle settlement two weeks out from trial.
Three Keybridge Capital directors have rejected claims that board minutes documenting a $4.75 million bonus to former CEO Nicholas Bolton were a post-hoc "concoction”, saying they accurately reflected an agreement reached during a nine-minute meeting in 2023.
Construction PRO
A judge has dismissed a case brought by a sand importer against the Port Authority of NSW seeking to recoup alleged lost profits and reliance damages falling from a lease agreement for a multi-user facility in the Sydney harbour.
A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has reached an in-principle settlement, two weeks out from trial.
Construction PRO
A subcontractor that provided piling services on a Parramatta RSL carpark project has been ordered to pay excavation contractor A-Civil more than $350,000, with a judge finding it was liable for liquidated damages and other amounts.
A judge has questioned counsel for a class action over public housing in the Northern Territory, grilling the barrister as to why the legal team had no contingency plan following the death of the lead applicant.
CMC Markets has avoided production of unredacted solicitors' invoices to support a bid for $8.6 million to cover costs in a class action, despite the applicant arguing the trading platform's legal team was "top-heavy” and the security application unprecedented.
Competition lawyers are watching with interest to see if Coles appeals the ACCC's decision to block its proposed acquisition of a leasehold interest in a site in Kalgoorlie, with a tribunal review to provide a valuable early test of the new merger regime.
Construction PRO
A judge has discharged the mortgages and caveats developer Oliver Hume holds over a residential subdivision project in Onkaparinga Heights in favour of a renegotiated arrangement, allowing the landowner to deal with property amid an ongoing court dispute.
Construction PRO
A court has heard that the CEO of collapsed developer Crown Group and an associated company owe $12 million in the company's liquidation.