Michael Gvozdenovic

Another failed class action is headed to the Full Court, with a case against ex-CBA unit Count Financial appealing a ruling that found advisors did not breach their duty to act in their clients' best interest.

Real estate asset manager Dexus will cover the legal costs of shareholders whose stake in Australia Pacific Airports Corporation hangs in the balance, as it reveals a $55 million book value increase.

The date has been set for a court battle over Dexus' sale of shares in Asia Pacific Airport Corporation, a fight the operator of Melbourne and Launceston airports says needs 10 hearing days.

The lead applicant in a failed class action against ex-NAB super trustee NULIS Nominees has lost his bid to stay a costs order of some $12.5 million pending an appeal.

The judge hearing the ACCC’s price-fixing case against Downer EDI's Spotless and Ventia has proposed an initial hearing to determine if the companies are in competition, saying he won't let the case become “totally unwieldy”.

A judge has dismissed a class action against ex-CBA unit Count Financial alleging that it breached it duty to act in clients’ best interests and ensure adviser remuneration was free of conflict. 

The lead applicant in a failed class action against NULIS Nominees has argued that any costs orders should be stayed until after its appeal, while the ex-NAB super trustee claims it should have $8 million in costs paid now. 

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.

EnergyAustralia has admitted that its ‘Go Neutral’ carbon offset product did not prevent or reverse the harms associated with the burning of fossil fuels. 

EnergyAustralia has reached a settlement with advocacy group Parents for Climate in a suit accusing it of falsely promoting its carbon offset products as carbon neutral.