The Commonwealth is locked in a fight with a class action on behalf of Navy technicians over whether a referee’s report on damages mistakenly failed to include pre-judgment interest. The class action, brought in 2016 on behalf of 290 Navy marine technicians, seeks damages for the loss of income that resulted from the Navy’s breach…
Penalty proceedings in ASIC’s case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial.
Lendlease can’t bring new claims in an unsuccessful fight over Campbelltown plots worth $120 million, with a judge finding it was not appropriate to allow the amendments “at this very late stage”.
Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower’s reputation.
Dexus’ denial of a breach of confidentiality in a battle with co-owners of airport operator APAC is unlikely to hold up, a judge has said, and what appears to have been done can’t be undone. What the high-stakes row will come down to, he says, is materiality.
ASIC has asked the High Court to overturn a judgment in favour of cryptocurrency firm Block Earner, saying the decision would allow future products to escape regulation.
Real estate assets manager Dexus has won a court injunction against the forced sale of its shares in the company that operates Melbourne and Launceston Airports after allegations of confidentiality breaches.
Western Power, Ventia, and a property owner found jointly liable for loss arising from the Parkerville bushfire are equally liable to each other for any costs orders in favour of the plaintiffs in the case, after a judge found he could not disturb existing costs orders in a new proceeding.
A judge has signed off on a settlement in a class action by investors in failed advisory firm Linchpin Capital, with insurer AIG paying $12.15 million and forfeiting its right to appeal a liability finding.
The funder that backed a failed shareholder class action against an ex-Quintis director and EY is fighting a bid for a third-party costs order, arguing such orders shouldn’t be imposed on funders where there is no doubt they will pay up.