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A judge has kept intact a lead applicant’s award of damages in a class action over alleged defective Ford vehicles, following a High Court decision, siding with neither party on what the figure should be.
Construction PRO
Rio Tinto and Gina Rinehart-owned Hancock Prospecting will invest $2.47 billion to develop a Western Australian iron ore project as part of the Hope Downs joint venture.
The funder of a failed class action against the founder of sandalwood producer Quintis and EY and has been hit with costs, despite arguing the order would set a bad precedent.
Clayton Utz has boosted the expertise in its risk advisory practice, hiring a trio of lawyers from CBA and A&O Shearman.
Big Four bank NAB has paid $751,200 for inaccurate credit data disclosures under the Consumer Data Right rules, the largest penalty to date for breaches of the regulations.
With three months until trial, a judge has knocked back a former ANZ trader’s bid to appeal a decision which barred him from amending his case for what would have been the thirteenth time.
Gambling company Tabcorp has been fined $4 million or sending over 5,700 messages to VIP customers that failed to comply with spam laws.
Construction PRO
Danish renewables company European Energy has closed a $130 million financing package for two solar projects in Victoria and NSW.
Optus has agreed to pay a $100 million penalty in a case brought by the ACCC, admitting the watchdog's allegations that staff pressured customers into buying phones they couldn’t afford.
A judge has rejected GM's "back door" bid for indemnity costs from the lead applicant in a failed class action over its decision to retire the Holden brand because each group member had rejected a settlement offer before the case commenced.