Macmahon Holdings has agreed to pay $6.7 million to settle a shareholder class action alleging the mining company failed to provide adequate disclosures about the impact delays on a project for Rio Tinto in the Pilbara would have on its profitability.
Housing giant Metricon will pay $50,400 in penalties after being hit with four infringement notices for misleading advertising aimed at first home buyers.
The Australian has been hit with a $155,000 fine for publishing an article referring to the criminal convictions of CFMMEU official John Setka despite repeated warnings by prosecutors about prejudicing their blackmail case against the union boss.
A Bechtel worker who claims his genitals were groped by a male employee and that the construction giant discriminated against him by failing to take the same-sex harassment seriously has sought documents from an internal investigation by Ashurst into the matter.
The ACCC is reviewing two deals that would give Germany-based construction giant Knauf a bigger share of the market for construction materials in Australia.
A judge has said a case filed by Hyundai Engineering & Steel Industries to enforce a $7.9 million arbitration award against Alfasi Steel over the delayed construction of Sydney’s International Conference Centre can move forward even though Alfasi has gone into administration.
Liquidators for failed engineering services company Hastie Group have a fight on their hands over tens of millions of dollars in unpaid invoices from construction companies, with major builders claiming not only that they don’t have to pay, but that the bills aren’t payable.
A subsidiary of building materials giant Boral was fined $30,000 Wednesday after threatening to sack its entire workforce for voting down proposed changes to an enterprise agreement to comply with the building watchdog’s code.
Spanish construction company Técnicas Reunidas can’t block two Pinsent Masons solicitors, formerly with Norton Rose, from representing Downer EDI Engineering in an ICC arbitration between the two companies, with an appeals court saying unanswered emails provided sufficient proof a retainer had been terminated.
Australian luxury watch retailer Watches of Switzerland has lost a bid to strike out Transport for NSW’s defences in a case seeking damages for the ongoing construction of the light rail project in Sydney’s CBD.