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CBA tells High Court shareholders didn’t prove ‘any loss at all’
The Commonwealth Bank has urged the High Court to uphold a ruling rejecting shareholders' damages claims in two class actions, saying the decision correctly rejected their "conflation of materiality with loss".
Cosette on hook for $13M in jilted Mayne’s legal fees
It ditched a planned $627 million union, now US drug maker Cosette must pay more than $13 million toward Mayne Pharma's costs of the legal fallout. Whether it owes the "substantial damages" Mayne is claiming is an issue for another day.
Construction PRO
Martinus Rail can’t see Qube agreements with other Moorebank contractors
Finding the documents are not relevant to the dispute, a judge has refused access by Martinus Rail to Qube's agreements with other subcontractors working on Sydney's $4 billion Moorebank Intermodal Terminal.
ASIC challenges loss in case over $1.7B Nuix IPO prospectus
ASIC is appealing the dismissal of its case against software company Nuix over representations in a prospectus for its $1.7 billion float, saying it was concerned the court got it wrong.
Qube can’t strike out contractor’s ‘worker’ claim in harassment case
Qube Ports has had limited success in seeking to strike out portions of an independent contractor's case that alleges the logistics giant is vicariously liable for an employee's sexual harassment at a work event.
AG ‘open to considering’ contingency fees for class action firms
Federal Attorney-General Michelle Rowland has hinted at possible reforms to the class action regime that would allow plaintiff firms to earn a profit from group proceedings.
EY intern told to ‘move on’ after groping by manager, suit says
EY Australia faces a lawsuit by a former intern who alleges she was harassed by her manager, victimized after making a complaint, and precluded from participating in a culture review by former sex discrimination commissioner Elizabeth Broderick.
Construction PRO
Arafura’s board signs off on $1.6B NT rare earths project
Arafura will proceed with development of a landmark rare earths project in the Northern Territory, following Australia's deal with the US to shore up the countries' critical minerals supply chain.
Construction PRO
Qube largely loses strikeout bid in contractor’s harassment suit
Qube Ports has had limited success in seeking to strike out portions of an independent contractor's case that alleges the logistics giant is vicariously liable for an employee's sexual harassment at a work event.
Settlement reached in IP suit against Elysium Noosa Resort
The operator of Hunter Valley's luxury Elysia Retreat has settled its trade mark infringement suit against the newly established Elysium Hotel in Noosa.