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ASIC has won its case alleging health and beauty giant McPherson’s breached its continuous disclosure obligations and engaged in misleading or deceptive conduct by failing to update the market sooner about declining sales forecasts for its Dr LeWinn's skincare line.
Construction PRO
A major growth plan for Sydney Airport in response to a jump in predicted demand has won approval from the federal government, which pointed to the airport's role as a key gateway to Australia.
Construction PRO
Engineering firms Arup and WSP have won a contract to progress planning for a freight rail connection to the new Westport container terminal in Kwinana.
Testing lab ALS has appealed a ruling ordering it to hand over most of a McGrathNicol report into allegedly exaggerated coal testing results, after a judge found last year that it had waived privileged over parts of the report by referring to its findings in an ASX statement.
An Ashurst Perkins Coie partner who has worked on some of the country's largest deals is leaving for A&O Shearman, where he will co-lead the firm's Australian corporate and M&A practice group.
Fiducian Investment Management has copped a $7.3 million penalty after admitting that it made misleading representations about the ESG credentials of an investment fund, despite senior execs being warned about its exposure to fossil fuels.
Construction PRO
Jones Lang LaSalle has argued that its former national head of real estate cannot add an unfair dismissal claim to his lawsuit against the real estate giant, which was brought late due to a solicitor's mistake.
An ASX shareholder is planning a derivative suit against former officers and directors over the bungled CHESS replacement project, after a judge found senior directors were involved in misleading investors about the project and slapped the ASX with a $20.5 million penalty.
Construction PRO
Warburg Pincus is expanding its partnership with real estate investment manager Kio to accelerate the development of a $2.5 billion build-to-rent and purpose built student accommodation portfolio in major cities.
Pizza chain Domino's has confirmed that it will appeal a judge's finding that it misled franchisees on the pay its workers were entitled to, leaving them shortchanged.