Companies

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.

The Full Federal Court has tossed Tabcorp’s appeal of a finding that it is not entitled to a $1.49 billion tax deduction under rules governing the taxation of financial arrangements. 

Facing a class action over the paint job on its Corollas, Toyota has denied the vehicles contained a defect that caused the paint to peel when exposed to sunlight.

Lander & Rogers has hired a disputes lawyer from Herbert Smith Freehills Kramer to join its Brisbane-based commercial disputes practice as a partner. 

A judge has approved a $13.5 million settlement in a class action against the director of collapsed sandalwood producer Quintis, but has reduced deductions sought by the plaintiff's lawyers and funder, and denied a payout to the funder of a competing case.

The University of Sydney is seeking to push back the trial date in its six-year-old case against Multiplex over alleged defects at the Charles Perkins Centre, alleging it has recently discovered new problems with the building.