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A class action against Homes Victoria overs its decision to demolish public housing towers in Melbourne without consulting residents has appealed a judge's decision tossing the case.
Construction PRO
A parliamentary committee has said the Victorian government must release all evidence supporting the demolition of 44 public housing towers in Melbourne, some of which are the subject of a dismissed class action that is being appealed.
A judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were "very significant".
Construction PRO
Lendlease has sold a stake in a $500 million Melbourne build-to-rent development to Japanese real estate firm Tokyo Tatemono.
James Hardie is fighting a bid to amend a shareholder class action over the building materials giant's 2023 income forecasts, telling the court it doesn't understand the “new case”.
Construction PRO
Energy infrastructure firm APA Group has signed an agreement with CS Energy to jointly develop a 400 megawatt gas power station in southern Queensland.
The Full Federal Court has upheld a decision revoking Otsuka Pharmaceuticals’ patent extension for an injectable version of antipsychotic drug Abilify, finding the patent expired last year.
Construction PRO
Global transport investment manager Realterm has acquired two logistics sites in Revesby and Ingleburn worth $89 million, expanding its Sydney portfolio to five assets.
The receiver for a Falcon Capital fund under investigation by ASIC wants a role in selling director Simon Selimaj’s valuable artwork, including a $70,000 Albert Tucker painting, which is allegedly needed to cover legal fees.
Facebook owner Meta has argued the Australian Competition and Consumer Commission has “misallocated responsibility” in its three-year-old case over scam cryptocurrency ads on the social media platform.