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Collapsed Sharvain Facades owes $54M to Multiplex, Scentre, other creditors
Restructuring & Insolvency 2025-04-11 11:13 pm By Christine Caulfield

Building façade company Sharvain, which went under last month, owes major builders $54 million, according to a judgment pushing out the date for a creditors meeting.

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Firm, funder set to take half of AIG settlement in Linchpin class action
Insurance 2025-04-10 3:16 pm By Christine Caulfield

Details of a settlement with AIG in a class action by investors in failed Linchpin reveal the insurer has paid out all of a $10 million policy and will hand over another $2.15 million in interest and costs.

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Salter Brothers, XL Insurance resolve fight over coverage for clients’ lawsuit
Insurance 2025-04-10 2:47 pm By Christine Caulfield

Real estate investment manager Salter Brothers has resolved a spat with XL Insurance over more than $6 million in costs incurred in successfully defending itself in lawsuits by three clients.

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Funder’s CEO told female director to ‘make way for thrusting young bucks’, suit says
Discrimination 2025-04-09 1:32 pm By Christine Caulfield

The CEO of litigation funder Woodsford told a female director to swallow her “pride and ego” and make way for a younger, male collague, a new lawsuit claims.

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Tabcorp’s former CEO sues betting giant, directors
Employment 2025-04-09 11:23 pm By Christine Caulfield

Tabcorp’s ex-boss, who was found to have been forced out over alleged offensive language, says his coerced resignation was inconsistent with a boardroom history of condoning off-colour remarks.

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Class action funder faces unfair dismissal suit by ex-director
Class Actions 2025-04-08 11:47 pm By Christine Caulfield

A UK-based litigation funder has been hit with a lawsuit by its Australian director and head of origination claiming dismissal in breach of the Fair Work Act.

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CIMIC class action funder takes $4.7M haircut from commission
Class Actions 2025-04-08 11:56 pm By Christine Caulfield

The litigation funder behind a class action against engineering firm CIMIC took a $4.7 million hit to its commission from a settlement after a dispute with the plaintiff’s law firm, according to a decision published Friday.

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NSW Liberals lodge class action over council nomination debacle
Class Actions 2025-04-08 11:01 pm By Christine Caulfield

Two NSW Liberal Party members have brought a class action after party officials failed to lodge their nomination forms for local government seats in the 2024 elections.

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AIG reaches settlement in Linchpin investor class action
Settlement 2025-04-07 3:59 pm By Christine Caulfield

A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.

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CIMIC class action wins court nod for $45.25M settlement
Class Actions 2025-04-07 2:04 pm By Christine Caulfield

A judge has approved a $45.25 million settlement in a shareholder class action against engineering firm CIMIC over disclosures relating to its Middle East business.

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