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IAG class action can add damages claim not tied to disclosure breach
A judge says a shareholder class action against IAG can add a new damages claim, despite the insurer arguing it was untethered from any contravention and “clearly bad in law”.
‘Spectacular waste of money’: J&J class action fights soft class closure
A class action against Johnson & Johnson over alleged ineffective cold medicine has attacked the pharmaceutical company’s application for soft class closure, telling a court the process would produce useless data and only need to be repeated. 
Potentia Capital faces $3.6M suit by former partner
A former partner of private equity firm Potentia Capital has filed a lawsuit alleging he was unlawfully denied $3.6 million in benefits from two funds as punishment for whistleblower disclosures. 
Settlement reached in fight over $100M in shares of data centre start-up Firmus
A settlement has been reached in a dispute over more than $100 million in shares in AI data centre start-up Firmus Grid ahead of an expected $7 billion IPO, just days before the company's founders were due to give evidence in court.
‘Just not appropriate’: Judge scolds Mosaic Brands director for missed deadline
A judge has scolded former directors of Mosaic Brands after they failed to comply with orders made last week ahead of a 10-day public examination as special purpose liquidators investigate $196 million in potential insolvent trading claims and directors duty breach claims.
Kegstar offers remedy to win ACCC clearance for Konvoy acquisition
US-based keg pooling company Kegstar has offered the ACCC a court-enforceable undertaking under which it would not enforce exclusivity provisions in its contracts for three years, in a bid to secure approval for its proposed acquisition of the assets of rival Konvoy.
Construction PRO
Dexus bloc shareholders appeal forced APAC sale
After getting the nod from a judge, the trustee for the Dexus bloc of shareholders in airport operator APAC has lodged an appeal of a finding that it committed a material and irremediable breach of the owners' deed.
Construction PRO
Fortius can’t add negligence claim against certifier over One Central Park defects
Property manager Fortius has lost its bid to bring negligence claims under NSW's Design and Building Practitioners Act against certifier City Plan Services in defects litigation over the One Central Park development in Sydney.
Construction PRO
Parliament passes reforms to negative gearing, capital gains tax perks
Tax reforms aimed at capital gains and negative gearing sailed through Parliament on Thursday night, with the Treasurer calling the changes a win for "workers, first home buyers and future generations".
Construction PRO
Northcote Shopping Centre can’t appeal rent review fight with Aldi
The owner of Northcote Shopping Centre in Melbourne has lost its bid for leave to appeal in a fight with budget supermarket Aldi over whether clauses imposing a cap on rental increases is contrary to the Retail Leases Act.