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A judge has asked for more information on why he should approve $45 million in legal fees in a class action against AMP that settled for $120 million, calling the amount "extraordinary" and "troubling".
A class action has failed to prove that Alucobond panel manufacturer 3A Composites and supplier Halifax Vogel misled consumers about the allegedly flammable cladding and breached consumer guarantees.
Construction PRO
A class action has failed to prove 3A Composites and Halifax Vogel misled consumers about allegedly flammable Alucobond cladding, with a judge finding developers and others were responsible for ensuring that it was safely used.
Construction PRO
Developer Vantager has been ordered to sell off six properties to satisfy a judgment debt and compensate buyers who overpaid for a Denham Court property by more than $34 million due to what the court called the developer's "brazen fraud and dishonesty".
AMP super members are set to receive $60 million in a class action stemming from the banking royal commission, with the average payout being under $100, a judge has heard.
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
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
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 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
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.