Westpac has paid back $50 million plus interest and super to 47,000 current and former staff who were underpaid over an 11-year period.
The Takeovers Panel has agreed to hear Mayne Pharma’s latest dispute with Cosette over the US drug maker’s attempts to walk away from their $672 million merger agreement and extended the timeline for completing the deal.
ASIC has lodged an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance’s former boss and another executive over a sales incentive scheme.
Mike Cannon-Brookes’ SunCable has signed a 70-year land use agreement with Traditional Owners to develop the country’s largest solar farm at Powell Creek Station in the Northern Territory.
A court has rejected a bid to expand a lawsuit over a Chinese investor’s $27.5 million contract to purchase a building at 99 Queen Street in Melbourne to join the matriarch of the “very wealthy” family.
Spanish multinational electrical giant Iberdrola has been selected to design and operate the Victoria to New South Wales Interconnector West transmission project, part of the state’s pipeline of new energy infrastructure projects.
A judge has approved a “modest” $8.7 million settlement in a class action against medical device maker Exactech over allegedly defective joint replacements, saying the settlement was fair and reasonable given the limited assets of the company, whose parent has filed for bankruptcy in the US.
Mayne Pharma has secured an extension of the deadline for securing Foreign Investment Review Board approval of its $672 million tie-up with US drug maker Cosette.
Lendlease has secured $3 billion in new construction work in recent months, the company told investors on Friday.
NVIDIA-backed start-up Firmus has raised $500 million to drive the next stage of its $6 billion nationwide green AI infrastructure project, Project Southgate.