The liquidators of failed engineering company Hastie Group have appealed a decision that knocked out half its $120 million case against Multiplex, Lendlease and numerous other builders.
Westpac has hit back at a bid by ASIC to add an allegation to the regulator’s insider trading case that hinges on the bank providing financial services when it traded on the morning of a $16 billion deal to privatise electricity provider Ausgrid.
A class action against Aveo Group has settled for $11 million mid trial, with the law firm that brought the case expressing regret for any “distress or anxiety” it caused and acknowledging the retirement village provider’s contracts with residents were lawful.
Casino giant Crown has admitted to a “significant number” of anti-money laundering and counter terrorism breaches in a case brought by AUSTRAC.
The Australian Competition and Consumer Commission has agreed to grant Booktopia more time to pay a $6 million penalty over an alleged misleading refund policy, after the online book retailer suffered a “massive fall” in its share price.
The principal of a law firm running a class action against retirement home provider Aveo Group has agreed not to drop in on residents without giving the company notice.
Lendlease and other major builders have secured a significant victory in a long-running case brought by the liquidators of failed engineering company Hastie Group, with a judge saying Hastie wasn’t entitled to the proceeds of bank guarantees withdrawn by the builders when it collapsed 10 years ago.
A judge has declined to approve an amended opt-out notice featuring a video from a silk further explaining a “confusing” opt-out notice sent to group members in a class action against retirement home provider Aveo Group that has led to 400 opt-outs.
A judge has approved an opt-out notice in a class action against retirement home provider Aveo Group that advises of a proposed application for a controversial funding order that would put a lien on some group members homes.
The first ever amicus appointed in a fight over the wording of an opt out notice in a class action has told a court a proposed novel funding model in a case against retirement home provider Aveo Group could be a “nightmare scenario” for certain group members.