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Construction PRO
Evidentiary disputes brewing in a $55 million defects case over the Port Botany Enfield Intermodal Logistics Centre will be closely managed by the court, which has heard that the costs could surpass the value of the claims.
Construction PRO
Making good on his threat to case manage the litigation with an "iron fist", a judge has set a trial date for early next year in four cases over the Port Botany Enfield Intermodal Logistics Centre.
ASIC has lost its case alleging software company Nuix failed to publish corrective disclosures that contradicted the growth story presented to the market in a prospectus for its $1.8 billion float on the ASX.
Construction PRO
A judge has said that a series of cases stemming from a $55 million defects claim over the Port Botany Enfield Intermodal Logistics Centre need to be "case managed with an iron fist".
A judge has found that former Orix CEO John Carter is not entitled to make claims under a D&O policy, saying he fraudulently failed to disclose to Chubb the payment of alleged secret bribes.
Four proceedings over COVID-19 business interruption losses will be stripped of class action status, with a judge saying most of the common issues were already determined in test cases.
Four insurers have argued that class actions over alleged business interruption losses during the height of the COVID-19 pandemic should be de-classed, with one insurer saying group members cannot “go behind” a Full Court decision denying coverage for certain policyholders.
Former Dick Smith CFO Michael Potts is on the hook for paying $57 million in damages to National Australia Bank after the High Court on Wednesday revoked its grant of special leave, finding he did not raise a legal question of public importance.
Nuix had information in January 2021 which undermined the growth story presented to the market in the prospectus for its IPO, a court has heard on the first day of ASIC’s case against the tech company and a handful of former directors.
Two former Dick Smith executives have settled with the receivers of the defunct electronics retailer, dropping a High Court appeal over an $11.8 million ruling.