Events

The owners of land acquired to build a Melbourne freeway have asked the High Court to overturn an "erroneous" appeals court decision which left them with $2 million for land worth over $30 million, saying the case raises important questions about the Land Acquisition and Compensation Act. 

US biotech company Regeneron Pharmaceuticals has sued Sandoz, claiming it is threatening to infringe the patent for its Eylea biologic, used to treat macular degeneration and diabetic macular oedema.

A judge has approved a $1.3 million settlement in a class action by investors in a Melbourne apartment development, despite reservations about the lion’s share going to the law firm that brought the case.

A luxury Aqualand development in Milsons Point can't undo a $10.6 million freezing order granted to the owners corporation to address the risk that funds would be unavailable to meet its claim for damages to remedy alleged defects. 

Lendlease has filed an appeal after it failed in its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown, in a high-stakes challenge set to be heard later this year. 

Fund manager Realside and other leaseholders have launched proceedings against M3Property and a valuer, alleging tenants of Rundle Mall in Adelaide have been overcharged for rent since 2006 as a result of consistently flawed valuations. 

Derrimut Health and Fitness has challenged the Australian Taxation Office's rejection of its bid to pay a $14.6 million tax debt in installments. 

ASIC has filed action against Delta Electricity, owner of the Vales Point coal-fired power station in NSW, alleging “deliberate and calculated” manipulation in the market for electricity futures contracts. 

The corporate regulator has taken a provider of small loans to court after it allegedly monitored and removed funds from consumers’ bank accounts without their knowledge.

Maurice Blackburn's costs in running a 'junk' insurance class action which settled for $34 million will not be fully covered under a 25 per cent group costs order, a court has heard.