A class action by investors in a Melbourne apartment develpment has resolved for $2.6 million, but the law firm bringing the case will take a haircut on its fees after group members ignored calls to contribute to the costs.
A leading corporate lawyer who advised on the $32 billion acquisition of Sydney Airport has made the jump to Ashurst from Herbert Smith Freehills Kramer.
Mortgage broker Lendi Group and insurer ALI Group want a proceeding on behalf of tens of thousands of Aussie Home Loans customers to be stripped of class action status.
Construction group Roberts Co owes unsecured creditors almost $100 million, a court has been told as administrators secure more time for the builder’s founder to pitch a restructuring deal.
Although Meriton’s contractor prevailed in a cladding spat over Brisbane’s Infinity Tower, the owners corporation’s arguments were not at all stages “without merit”, a QCAT member has said in declining to award the builder its costs.
A bid by the parties for the court to determine legal costs in a successful case over the $55 million sale of a Queensland shopping centre has left a judge scratching his head.
The competition watchdog confirmed Thursday it was investigating real estate listings company REA Group.
Asset manager HMC Capital, which owns 11 private hospitals operated by embattled Healthscope, has reached a rent deferral deal with receivers and says other operators have expressed interest in taking up tenancy.
Thermomix has paid $79,200 in penalties after being served with four infringement notices over ads claiming two appliances got the National Disability and Insurance Scheme tick.
The ACCC has confirmed it is investigating real estate listings giant REA Group, saying it was concerned to ensure “strong competition” in the real estate industry.