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Construction PRO
Crowley Australia has lost its challenge to a $6.1 million decision for contractor Latitude 63 in a payment row over the construction of fuel tanks in Darwin, with a judge rejecting claims the adjudicator should have recused himself.
The UK-based operator of Ladbrokes and Neds has hit back at a class action alleging its use of in-play fast code betting services was illegal, launching a counterclaim to claw back group members' winnings.
A court has granted the corporate regulator leave to proceed with a lawsuit against collapsed advisory firm MWL Financial for advising clients to invest $114 million in their super into Keystone’s failed Shield Master Fund.
Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.
Construction PRO
The reluctance of Pacific Werribee Shopping Centre co-owner Wadren to withdraw a non-compliant expert report in a $356 million defects case against the collapsed Probuild has raised the hackles of the presiding judge.
ASIC has had mixed success in a case against former Star directors and officers, with a judge finding the casino operator’s former CEO and GC breached their duties but that claims against the former board fell short.
Construction PRO
A court has rejected a bid to apportion costs by Downer after it found ICC arbitration proceedings the company brought against Squadron were invalidly commenced, saying the engineering company had lost on the core issue in dispute.
The Full Federal Court has tossed Tabcorp’s appeal of a finding that it is not entitled to a $1.49 billion tax deduction under rules governing the taxation of financial arrangements.
A class action against AMP over allegedly inflated insurance premiums has been ordered to better particularise its case, with a judge hearing the current pleading is "not good enough" for the wealth manager to put on a defence.
The law firm and funder behind the settled class action against QSuper will seek almost $31 million in costs and commission at an upcoming hearing.