Companies

A judge has approved a settlement with KPMG in a shareholder class action over the collapse of mining company CuDeco, as well as a distribution scheme that will see payments to the funder but not group members.

Former Carlton president and PwC chief executive officer Luke Sayers has rejected claims in a lawsuit by his wife that he defamed her and invaded her privacy in response to probes over an explicit photo.

An activist group has amended its challenge to Woodside's North West Shelf gas project to allege the Environment Minister delayed publishing his reasons for approving the project in order to limit challenges, with the court hearing the dispute will likely wind up at the High Court. 

Amazon will take up residence in Charter Hall’s logistics estate just south of central Brisbane, building a $750 million first-of-its-kind robot-assisted fulfilment centre spanning 150,000 square metres. 

Describing it as the most significant corporate governance action taken in his time at ASIC, the regulator's chief says the Star case is a wake-up call for directors.

The judgment in ASIC's case against Star's top executives and directors sounds a warning that board members need to proactively test information and serves as a "stark reminder" to general counsel that their duties are owed to the company, not management, experts tell Lawyerly.

Lendlease CEO Tony Lombardo will make the jump to Frasers Property, where he will serve as group CEO in the company's Singapore office.

In finding Star Entertainment's former group general counsel liable for breaches of duty, the judge overseeing ASIC's case has questioned the chief lawyer's insistence that she "rarely gave legal advice" and that her roles with the company should be delineated.

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.

MinterEllison has advised Mirvac on a contract for a major redevelopment at the site of the former Sydney Fish Market.