Judgment

Macquarie Investment Management breached its obligations after its members invested $321 million in Keystone Asset Management's failed Shield fund, a court has found, but the super trustee will not pay a penalty.

The NSW Valuer General has lost its appeal of a decision upholding a challenge to eight land value determinations, with an appeals court finding that the Valuation of Land Act does not require the use of any specific method to determine land value.

A director of collapsed builder Shangri-La Construction who was found personally liable for $3.2 million in rectification costs for combustible cladding in a Melbourne apartment complex has failed to pass on his costs to his insurers. 

An appeals court has rejected a challenge to a permanent stay in a misleading and deceptive conduct case against engineering firm Everllence over alleged defective connective rods in engines supplied for a fast ferry registered in Denmark.

A judge has put Star on the hook for over $1 million in Buildcorp's legal costs after largely losing its suit over alleged defective construction work on its Sydney casino, describing the case as "fairly disastrous".

A court has ordered Macquarie Securities to pay an agreed $35 million penalty after finding that “serious deficiencies" in its reporting systems resulted in repeated failures to accurately report short sales.

A judge has struck out a crypto company's injurious falsehood case against the Sydney Morning Herald's publisher after finding its statement of claim did not plead a cause of action.

A judge has granted the first-ever application to vary a contingency fee in a class action that has yet to reach settlement or judgment, but has warned his decision doesn't set a precedent for “routine variation” of group costs orders. 

Acciona has won $2.1 million from Zurich Insurance and two other insurers in a case alleging it was entitled to indemnity after severe weather events damaged work on the Bruce Highway project in Queensland. 

A court has found that Racing NSW's appointment of an administrator to the owner of Sydney's Randwick Racecourse over financial concerns was invalid.