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MacMahon shareholders to get 36% of $6.7M class action settlement
Shareholders who registered for a class action against mining company MacMahon Holdings will get a $2.4 million cut of a proposed $6.7 million settlement, according to a notice sent to group members ahead of next week's settlement approval hearing.
Class action says CoreStaff lured workers to Australia with misleading job offers
Labour on-hire and recruitment company CoreStaff is facing a class action alleging it violated the consumer laws by luring workers to Australia from Papua New Guinea with the promise of long-term work, only to terminate their employment agreements less than three years after they relocated.
Engineering firm RCR Tomlinson appoints administrators
Engineering and infrastructure firm RCR Tomlinson has been put into administration, a few days after being hit with a shareholder class action over $57 million in write-downs on two of its North Queensland solar farms.
RCR Tomlinson hit with shareholder class action over $57M solar farm loss
Law firm Quinn Emanuel Urquhart & Sullivan has launched a shareholder class action against engineering and infrastructure firm RCR Tomlinson after "catastrophic" losses caused by $57 million in write-downs on two of the company's North Queensland solar farms.
Wind farm co. settles class action over bushfire caused by electrocuted crow
Renewable energy company Infigen Energy has agreed to settle a class action over the January 2017 Currandooley bushfire that was sparked by a crow that was electrocuted from a transmission line carrying power from the company's Woodlawn wind farm near Tarago, New South Wales.
Ex-CFO said Rio Tinto reserve write down would be ‘worse by far than expected’, ASIC claims
The Australian Securities and Investments Commission claims Rio Tinto's former CFO was referring to the write down for the reserves for two coal assets that were part of a $4 billion acquisition of Rio Tinto Coal Mozambique when he sent an email to the company CEO in January 2012 that contained the phrase "worse by far than expected".
Class members get nothing in $2.6M bushfire class action settlement
A court has signed off on a $2.6 million settlement in a class action against Endeavour Energy and two other companies over the 2013 Mt Victoria bushfires that will leave class members empty-handed.
Palmer can’t stop Queensland Nickel liquidators from asking after fugitive nephew
A judge has shot down a bid by Clive Palmer to block the liquidators of Queensland Nickel from making enquiries as to the whereabouts of his fugitive nephew, the sole registered director of the refinery when it collapsed.
Adero argues class action should be heard before casuals test case
Adero Law is seeking to intervene in a Federal Court case against WorkPac over the rights of casual workers, arguing a class action it plans to bring against the labour hire firm should be heard first.
Government to block $13B Chinese takeover of Australian gas network
The Morrison Government plans to block the $13 billion acquisition of Australian energy infrastructure business APA Group by a Hong Kong group of companies led by CK Group, saying the deal was not in the national interest.