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Construction giant Boral is facing a shareholder class action for allegedly failing to disclose financial irregularities in its US windows business.
Three Sydney-based law firms are now facing claims by Australian-Chinese investors seeking over $6 million in damages for allegedly negligent advice provided about investment properties developed by the now collapsed Ralan Group.
A class action seeking almost $2 million in damages has been launched on behalf of Australian-Chinese investors against a Sydney law firm over advice on investment properties sold by the now collapsed developer Ralan Group.
The builder behind the ill-fated Opal Tower has lost its opposition in the NSW Supreme Court to a $3.9 million guarantee requested by the property's developer, after a judge found it had not proved compliance with its contractual obligations.
The lead applicant in a class action over allegedly combustible cladding has been ordered to immediately pay the defendants' costs that were thrown away by amended pleadings that bring a "substantially new case", over a year after the high-stakes case was filed.
Deloitte has lost its appeal of a ruling in a shareholder class action over the collapse of Hastie Group that compelled the production of audit files taken by a partner from the accounting giant’s litigation room, in a ruling that described the actions of the partner as “bordering on contempt” and slammed Deloitte for “cynically” exploiting the situation.
Wood products giant Boral Timber has been found vicariously liable for a male worker's sexual harrassment of a female colleague, with an appeals court overturning a ruling that it said took a judge more than six years to deliver and "regrettably" brought the administration of justice into disrepute.
Caterpillar has scored a victory in one of several legal challenges the construction equipment manufacturer has launched to protect its 'cat' trade marks, successfully opposing the registration of the 'ironcat' mark for tyres and auto maintenance.
Engineering services company CIMIC will fork over $32.4 million to settle a shareholder class action, with group members expected to get 40 per cent of the settlement total if the court approves the requested legal costs and funder's commission.
The Australian Competition and Consumer Commission has found Barro Group's 43 per cent stake in Adelaide Brighton, acquired over a number of years, will not harm competition in the cement market.