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The applicant in one of four declassed COVID-19 business interruption class actions has reached a settlement under which it will receive $100,000 and the funder the backed the case will pay $1 million towards Insurance Australia's costs.
Construction PRO
Brookfield has scooped up a 19.9 per cent stake in real estate investment manager Cromwell Property Group.
A challenge to a compensation determination by a group member in a class action against Johnson & Johnson unit DePuy may involve novel questions for the Full Court on the role of scheme administrators, a judge has said.
Construction PRO
Developer Kaloriziko has appealed a ruling which rejected its claim that a property deal involving related parties extinguished a $2.12 million liability to a builder on the 'Sky Gardens' residential development in Ryde, NSW.
Construction PRO
Abacus Storage Kings will open its books for a consortium of Ki Corporation and New York Stock Exchange-listed Public Storage, which lobbed a $2.2 billion takeover offer last week.
A law firm has filed a representative complaint with the OAIC on behalf of six million Qantas customers affected by the company's recent data breach.
Construction PRO
Companies will continue to face climate-related litigation -- including claims over greenwashing, breaches of directors duties and challenges to projects -- despite the recent failure of a climate class action.
Construction PRO
Master Builders Australia has welcomed a reported increase in residential building activity but said the pace needs to quicken to reach the government's goal of 1.2 million new homes by 2029.
Bellamy’s Organic has resolved a suit by its former CEO alleging the baby food producer discriminated against her by offering a salary that was one-third of what her male predecessor earned.
Construction PRO
Abacus Storage Kings has a received a $2.2 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage, after rejecting a $1.9 billion offer in May.