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Plus500 pushes again to shut down investor class action
Online trading platform Plus500 is challenging a court ruling that investors who lost money on highly leveraged contracts for difference can proceed with their class action despite signing arbitration clauses.
Construction PRO
High Court won’t hear appeal by prefab home builder
The High Court has declined to grant special leave to a prefab home builder that was hit with $500,000 in damages for engaging in misleading and deceptive conduct by convincing a couple to vary their contract to allow the use of cladding they had previously rejected.
Construction PRO
$40M suit against real estate investors spiked amid HK criminal case
Lawsuits against a Chinese real estate investor and his mother involving transactions linked to Sam Fayad's Dyldam Group have been paused pending criminal proceedings against the pair in Hong Kong.
Plus500 can’t shut down class action in favour of arbitration
Plus500 has lost its bid to permanently stay a class action by investors who lost money trading in highly leveraged financial products, with a court finding that the arbitration clause relied on by the online trader was unfair and void.
Construction PRO
Prefab home builder takes owners to High Court after $500K judgment
A prefab home builder has filed an application with the High Court after it was ordered to pay $500,000 in damages for engaging in misleading and deceptive conduct to convince a couple to vary their contract to allow the use of cladding they had previously rejected.
AMP to pay $120M to settle superannuation class action
AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
Construction PRO
Couple misled by NSW builder over cladding wins $500K
In the final chapter of a years-long fight, an appeals court has ordered a NSW prefab home builder to pay almost $500,000 in damages after finding it engaging in misleading and deceptive conduct to convince a couple to vary their contract to allow the use of cladding they had previously rejected.
Developer wins bid to drop out of cladding class action, one year after trial
The developer of a tower in Mascot which is said to contain combustible cladding can opt out of a class action against 3A Composites and Halifax to bring its own claim for $15 million.
Construction PRO
Developer can exit cladding class action to bring $15M case against Halifax
Sydney developer Tiptell has won its bid to exit a combustible cladding class action against 3A Composites and Halifax to bring its own claim for $15 million.
Construction PRO
Developer wants to exit cladding class action to bring own case against Halifax
A Sydney developer has launched a bid to opt out as a group member of a combustible cladding class action against 3A Composites and Halifax to bring its own "copy" of the case.