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GM defeats class action over decision to retire Holden brand
General Motors has defeated a class action by Australian car dealers over its decision to retire the Holden brand, with a judge finding the car maker did not breach its agreements.
Construction PRO
Steller Developments liquidator loses $102M suit against ex-directors
Collapsed Melbourne developer Steller has failed to convince a court that its founders and two former directors owe $101.9 million, with a judge rejecting claims that they personally guaranteed the company’s debt.
Quintis misled the market, but class action’s loss narrative lost the case
In tossing the sixth securities class action to go to trial in recent years, a Federal Court judge has shown the task of proving shareholder loss is a doozy.
Shareholder class action against EY, Quintis founder dismissed by court
Although finding the former director of Quintis and its auditor, EY, engaged in misleading and deceptive conduct, a judge has dimissed a class action by the sandalwood producer's shareholders.
TerraCom directors to claim penalty privilege in novel ASIC case
Four directors of coal producer TerraCom have flagged they will not show their hand in the corporate regulator's first-ever case alleging breaches of whistleblower protections.
ASIC, Noumi privilege win gives comfort to companies mulling VDAs
A finding that Noumi's production of a PwC report to ASIC didn't constitute waiver of privilege provides clarity that voluntary disclosure agreements can protect confidential information, but care must still be taken, lawyers say.
Construction PRO
Lendlease abandons $10M land claim in fight with Macarthur-Onslow family
Lendlease has abandoned its bid to purchase a parcel of land owned by one of Australia’s oldest families for well below market value as part of its project to develop 6,700 homes in Campbelltown, Sydney.
Construction PRO
Steller directors deny they intended to make $120M guarantee
Former directors of Steller Developments have told a court they did not intend to guarantee the company's debt in the event of bankruptcy, as trial kicked off in proceedings by the collapsed Melbourne developer's liquidators. 
Construction PRO
Lendlease loses injunction bid in spat over Campbelltown options deed
Lendlease’s hopes of acquiring, subdividing and selling lots in a Campbelltown block have been deferred, with a judge finding he could not make urgent orders with a question mark hanging over the construction of a relevant deed. 
ASIC, Noumi win appeal in privilege fight over PwC report
An appeals court has overturned a finding that food company Noumi waived privilege over a PwC report commissioned by Ashurst, which it produced to ASIC under voluntary disclosure.