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Two construction companies have lost what a court has called a "puzzling" bid to oust the liquidators of collapsed FW Projects amidst a legal battle in the NSW Supreme Court over the property developer's remaining assets.
A court has dismissed a long-running case against defunct Babcock & Brown executives by a private investment fund over a botched $1.4B acquisition of the biggest laundry equipment provider in the US, saying the executives did not breach their duties by failing to disclose that the bank underwriting the deal allegedly wanted out.