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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.
Construction PRO
Logistics company Qube wants the High Court to clarify the scope of an adjudicator's role in determining a contractor's payment claims under the SOP Act.
An investor class action against failed advisory firm Linchpin Capital has sought court approval of a $12.15 million settlement with insurer AIG, which will leave 176 group members to share in $7.2 million after deductions.
A business lender that issued personal loans is on the hook for unlicensed credit activity, but ASIC's action against the director has failed, with a judge finding the regulator was "entirely indifferent" to the circumstances of the case.
The Full Court has granted a cross-appeal by crypto currency provider Block Earner, finding its did not need a financial services licence because its crypto product is not a financial product.
Details of a settlement with AIG in a class action by investors in failed Linchpin reveal the insurer has paid out all of a $10 million policy and will hand over another $2.15 million in interest and costs.
Construction PRO
Lendlease has vowed to appeal its failed bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown, saying it could face a $100 million write-off if unsuccessful.
A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.
Construction PRO
Lendlease has lost a lawsuit seeking to enforce a $120 million purchase agreement for five properties in Campbelltown, with a judge finding its failure to meet the conditions of sale for one key property meant the deal was off.
Construction PRO
Logistics company Qube can't dodge a $71 million payment to subcontractor Martinus Rail, with an appeals court finding no error in an adjudicator's finding that Qube’s payment schedule was "incomprehensible".