A judge has allowed a shareholder class action over the collapse of asset manager Blue Sky to bring insider trading claims against several short sellers, as well as brokers Credit Suisse and Argonaut Securities.
An expert will not be asked to determine a potential cross-claim by Downer EDI Rail in a dispute with John Holland over a rollingstock manufacturing facility being constructed in Torbanlea.
John Holland has persuaded a court to limit an expert determination in a dispute with contractor Downer EDI over the construction of a rollingstock manufacturing facility in Torbanlea, Queensland.
A luxury Hamilton Island resort has lost its bid to vary the form of security ordered last year in its $15 million suit over allegedly defective rectification works completed in the wake of Cyclone Debbie.
An appeals court has binned construction firm Shamrock’s second bid to toss waste management firm Cleanaway’s $31 million claim for costs associated with cleanup of an Ipswich dump following a flood.
A judge has found that builder DT Infrastructure’s application for adjudication of a $22 million payment claim against Downer EDI was discharged by Downer paying off a smaller claim of less than $1 million, which was the only amount expressly referred to in DTI’s application.
Energy giant Santos has won a dispute over its Gladstone LNG project, described by a court as “litigation on a monumental scale”, securing a $692 million judgment against engineering firm Fluor with the help of four silks.
A judge has rejected a new pleading that would have upped the damages to $135 million in a case by a shareholder of failed energy company Armour Group alleging law firm Baker McKenzie was knowingly involved in a plan to take control of the company for cheap.
The owners of a Hamilton Island resort are facing a potentially lengthy legal battle after suing their builder and its insurer over $20 million in allegedly defective rectification works completed after Cyclone Debbie. The villas owned by Great Barrier Reef Yacht Club Villas were damaged in the March 2017 cyclone, after which Insurance Australia Limited…
A shareholder and creditor of failed energy company Armour Group will have to front $3.5 million in security in its case against law firm Baker McKenzie and others ahead of an upcoming trial.