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A South Australian solicitor and two Victorian barristers, including a silk, have been referred to the legal watchdogs in their states over court filings that contained AI-hallucinated citations.
Liquidators of Falcon Capital have so far clawed back just $1.65 million of the $450 million invested in its failed First Guardian fund, and are holding out little hope for more than minimal further recoveries.
A court has dismissed by consent a case launched by a group of Banksia Securities investors against the law firm that acted for the funder of a scandal-ridden class action.
Car dealership software firm Pentana has accused competitor Titan of a "calculated, sustained and brazen" invasion of its rights, and argues cross-claims of misuse of market power are a distraction.
Construction PRO
Engineering firm CIMIC has sold off half of its transport business, UGL Transport, to a Japanese company for $500 million, as it looks to expand into new markets.
Construction PRO
Law firm Allens is behind the recent sale by Pamoja Capital of a majority stake in UniLodge to Japanese property developer Samty.
Construction PRO
Charter Hall has acquired the Southport Park shopping centre in Queensland from billionaire John Van Lieshout for $152.5 million.
Construction PRO
A collapsed developer and its builder have failed again in their dispute against a financier over the Pentridge Village development in Melbourne, with an appeals court taking a critical view of years of delays.
After losing a fight over access to millions of seized documents, Fortescue has settled its trade secrets case against green iron company Element Zero.
The former director of collapsed Keystone Asset Manager -- who is under the glare of the corporate regulator over the asset manager's Shield fund -- is appealing the rejection of a $9 million claim on the company.