Settlement

A dispute over a scuppered transaction between the director of collapsed Keystone and the owner of the Marriott Hotel in Venice has been settled.

A class action by investors in a Melbourne apartment develpment has resolved for $2.6 million, but the law firm bringing the case will take a haircut on its fees after group members ignored calls to contribute to the costs.

The owners corporation suing Parkview Construction over alleged combustible cladding at the Australia Towers in Sydney Olympic Park is “hopeful” of a settlement being reached, a court has heard on the eve of trial.

Medical device maker Exactech has reached a settlement in a class action over alleged defective implants, following the US company's bankruptcy.

A judge has signed off on a confidential settlement in a class action over off-the-plan homes in a proposed north-west Sydney development, including a clause that prevents group members from making any public statements about the suit or disparaging the parties. 

A judge has balked at Maurice Blackburn's hourly rates in a jointly run class action against Treasury Wine Estates, questioning why the firm charged 20 per cent more than fellow preeminent class action firm Slater & Gordon. 

A $67 million settlement has been reached in a class action alleging Queensland-based superannuation fund QSuper overcharged members for life insurance premiums.

A judge has approved a settlement in a class action against crypto firm BPS Financial that gives group members and the funder alleged worthless Qoin, an outcome described as “better than nothing”.

Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower's reputation. 

A court will be asked to approve a confidential settlement in a class action on behalf of people who purchased off-the-plan homes in the Clydesdale Estate in north-west Sydney that includes a gag clause barring group members from making any public statements about the suit.