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Funder facing $32M bill in failed class action avoids cash security in toll case
Despite its loss in a class action against Queensland power companies, which has put it on the hook for $32 million in costs, funder LCM has avoided calls for cash security in a representative proceeding over toll road charges.
Construction PRO
IFM Investors sheds Melbourne industry park for over $100M
IFM Investors has sold Scoresby Industry Park in Melbourne's east to Hale Capital Partners for more than $100 million.
Latest MWL Financial adviser DQ’d for steering investors to Shield
A Melbourne adviser is the latest person linked to MWL Financial to be banned for spruiking Keystone Asset Management's failed Shield fund to clients.
Construction PRO
Hammer not having it: Trial in APAC, Dexus row starts, then stops
Questioning of the first witness in Dexus' case against Melbourne Airport's operator was an hour in when trial was halted by the judge, who complained of flying by the seat of his pants, documentary evidence-wise.
Mecca units pay $594,000 for financial reporting blemish
Three companies associated with makeup retailer Mecca have copped $594,000 in penalties for allegedly failing to lodge audited financial reports on time.
GM faces class action over Chevy Silverado recall
A new class action has been launched on behalf of over 10,000 Chevrolet Silverado owners, following a global recall of the utes by General Motors.
Construction PRO
Two groups duke it out to build Brisbane’s new Gabba
Two groups will compete to build an arena to replace Brisbane's Gabba stadium ahead of the 2032 Olympics, after beating out six other groups.
TechOne exec on hook for costs after rejecting $2.2M settlement
A former TechnologyOne executive is on the hook for costs in his failed dismissal case after maintaining an unreasonably expansive list of claims and rejecting a $2.2 milllion settlement offer, a judge has ruled.
Human rights activists want in on High Court copyright case
Human rights and press freedom activists want to intervene in a High Court case over copyright ownership in abattoir footage obtained by trespass, saying the broader public interest might be affected by the case.
Latitude to defend ‘fundamentally flawed’ class action
Latitude Group says it will defend a "fundamentally flawed" class action over an allegedly misleading interest-free ad promotion by Harvey Norman that required customers to apply for a Latitude GO credit card.