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Construction PRO
Goodman Group cans $1.2B Sydney data centre plans
Following fierce opposition by local residents, Goodman Group has withdrawn its plans to build a $1.2 billion data centre in Sydney's leafy Lane Cove, citing the evolving regulatory environment.
Construction PRO
Coles can’t file new evidence in ACCC fight over land acquisition
Coles can't file more expert evidence in its fight over the ACCC's rejection of its purchase of a leasehold interest in a Kalgoorlie site, with a tribunal finding the supermarket had a chance to respond to the ACCC's "novel" harm theory.
RAMS to pay $29.6M in class action settlement
Westpac's former home lending business RAMS will pay $29.6 million to resolve a class action over the termination of agreements with franchisees.
US government slams Australia’s digital duty of care bill
Warning against censorship, the US government has taken the extraordinary step of weighing in on Australia's Digital Duty of Care bill, which would require social media platforms to block harmful content and allow an algorithm opt-out.
IAG reaches settlement with Credit Suisse over Greensill collapse
Insurance Australia Group has reportedly settled a multibillion dollar case by Credit Suisse over the collapse of supply chain financier Greensill Capital on the eve of a five-month trial.
KPMG’s approach to whistleblower claims ‘overly legalistic’: report
KPMG dealt with a whistleblower's allegations over the misuse of confidential client data in an "overly legalistic" way, a new report has found, saying the accounting firm "lost sight" of its values and dropped the ball.
Meta faces second class action probe over social media addiction
Meta is facing a second class action investigation after the company's multibillion-dollar settlement in the US over claims it designed its social media platforms to increase the risk of user addiction.
Lawyers, funder to seek 75% of AMP’s $29M class action settlement
The lawyers and funder behind a settled class action against AMP will ask a court to OK fees and commission totalling almost $22 million, a bill that leaves just $7 million for group members but represents a $43 million loss on actual costs.
Construction PRO
Qube wins $26M fight with Martinus Rail over Moorebank terminal
Logistics company Qube has prevailed in a fight to enforce $26 million in partial arbitration awards against Martinus Rail over Sydney's $4 billion Moorebank Intermodal Terminal.
Construction PRO
Charter Hall grows Qld industrial portfolio with $192.4M acquisitions
Charter Hall has picked up three industrial and logistics assets in South East Queensland, including an Australia Post distribution centre, for $192.4 million.