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Construction PRO
Payton Capital manager’s investment complaints not behind axing: court
Property investor Payton Capital has largely defeated a former state manager's case, with a court finding his disclosures about two investments were not a substantial or operative factor behind his dismissal.
Construction PRO
Court tosses cricket club’s AI-assisted case over lease
The Queensland Court of Appeal has thrown out a case by a local cricket club that sought to challenge a regional council's decision over a park lease, a case it said was a lesson in the perils of using AI instead of lawyers.
Netwealth hit with new class action over First Guardian fund
Superannuation trustee Netwealth has been hit with a second class action linked to its offering of the failed First Guardian fund, in which members sunk $100 million.
IAG finalises settlement in $2.8B Credit Suisse case over Greensill
Insurance Australia Group said Friday it had settled the $2.8 billion claims of Credit Suisse over the collapse of supply chain financier Greensill Capital.
Big Un’s former boss sentenced for sharing inside information
The former chief executive officer of Big Un, Richard Evans, has been convicted and sentenced for communicating insider information to a shareholder of the defunct video producer.
ASIC disqualifies former Warwick Gold director for four years
A former Warwick Gold and Impact Gold director is banned from managing corporations for the next four years, after the $44 million collapse of the mining companies.
Class action firm loses appeal of slashed payout from $87M Hino settlement
An appeals court has tossed Maurice Blackburn’s challenge to a judge’s decision to cut its share of an $87 million settlement in a class action against Hino by $10 million.
Construction PRO
Goodman Group cans $1.2B Sydney data centre plans
Following fierce opposition by local residents, Goodman Group has withdrawn its plans to build a $1.2 billion data centre in Sydney's leafy Lane Cove, citing the evolving regulatory environment.
Construction PRO
Zerra agrees to give data centre design docs to AirTrunk
Data centre operator AirTrunk has secured access to documents from competitor Zerra DC -- including the complete set of design documents for a Victorian data centre -- as it weighs a potential lawsuit.
Women’s fitness app launches suit against software firm PixelForce
Global fitness app Traininpink has taken Adelaide-based PixelForce Systems and its founder to court, alleging the software firm overcharged for defective development work that exposed the app to cyber security threats.