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Construction PRO
Refusing to sit out a criminal trial against Boral Cement, a judge has said his sentencing of an engineering firm that pleaded guilty in the SafeWork NSW case did not disqualify him.
Construction PRO
Building materials giant Boral has acquired the Wallan Concrete plant 45km north of Melbourne's CBD for an undisclosed sum, two months after its purchase of a Victorian sand producer.
Construction PRO
Building materials giant Boral has won a $24.5M grant to significantly reduce CO2 emissions from its cement clinker manufacturing.
Trial in a shareholder class action against Boral has been halted amid an appeal over a decision to allow questioning of former CEO Michael Kane about an email that mentioned a confidential EY report.
Boral's former CEO Michael Kane can be questioned at trial over a reference he made in an email to findings by EY about the building material group's poor performing US windows business, despite claims that the findings were privileged.
Buoyed by the recent trial success of CBA and other companies facing shareholder ire, building materials giant Boral is taking its chances at a hearing in a class action alleging disclosure breaches linked to its US windows business.
The Full Federal Court has found that a landmark NSW Court of Appeal decision barring group members from being notified of future class closure orders at settlement was "plainly wrong" and that the court has the power to make the orders.
Judgments shooting down a class closure order and nixing notice of a possible class closure order were "plainly wrong" and "infected" by faulty reasoning, the Full Federal Court has heard.
The Full Court is set to examine whether the Federal Court has the power to make class closure orders prior to mediation, weighing on one of the biggest unanswered questions vexing the class action regime.
Boral has denied that shareholders bringing two class actions against it over financial irregularities in its North America windows business suffered any loss, saying that its systems helped spot and prevent the financial manipulation from continuing.