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Court approves $6.8M settlement in train derailment class action
A court has signed off on a $6.8 million settlement in a class action against a Queensland trucking company on behalf of owners of cargo on a freight train derailed by a truck at a level crossing.
Construction PRO
Multiplex wins $317M contract to build new Canberra theatre
Multiplex has secured a $317 million contract for the construction of a new lyric theatre in Canberra capable of hosting large-scale theatrical productions.
Construction PRO
WestConnex class action set for hearing on discontinuance
The lead plaintiffs in a class action over the compulsory acquisition of land for the WestConnex road project will press on with a bid to discontinue the case, telling a judge they have exhausted all options for funding.
Woolworths to fight latest staff underpayments class action
Woolworths confirmed Monday it was facing another class action linked to employee underpayments, and has vowed to defend itself against the claims.
Coles, Woolworths to face $10M fines for price-gouging under new rules
Under new rules that will come into effect in July, large supermarkets like Coles and Woolworths will face $10 million fines for price-gouging.
Construction PRO
Ashurst advises lenders on Potentia Energy’s $830M refinancing
Ashurst has advised a syndicate of lenders on the $830 refinancing of Potentia Energy's national portfolio of renewables assets.
ANZ sued by former CEO Shayne Elliott over $13.5M bonus
ANZ is facing a lawsuit by former CEO Shayne Elliott alleging the bank breached the terms of a contract governing his departure when it denied him $13.5 million in bonus payments.
Mayne says it’s not on hook for break fee over failed Cosette merger
Mayne Pharma says it, and not US drug maker Cosette, has terminated their $672 million merger agreement and that it is therefore not on the hook for a break fee.
AMP to pay $29M to settle another royal commission class action
AMP has agreed to pay $29 million to settle a class action alleging insurance customers were overcharged, putting to rest another case stemming from "serious misconduct" that came to light curing the 2018 banking royal commission.
IAG to fight regulator’s rejection of $1.3B RACWA merger
The ACCC has opposed IAG’s proposed $1.35 billion acquisition of RACWA's insurance operations, saying the deal would substantially lessen competition for motor vehicle and home and contents insurance in Western Australia.