Industries

A family-owned Mitre 10 franchisee will not be on the hook for costs if its loses a novel suit seeking to block Bunnings from opening a $36 million store next to its Jimboomba store, with a judge saying the suit will provide guidance on the misuse of market power effects test.

Meta is facing a class action investigation after reaching a multibillion-dollar settlement in cases by US authorities alleging the company designed its social media platforms to increase the risk of addiction.

A judge has ordered the parties in an investor class action against Virgin to consult with experts on how to use AI in an upcoming seven-week trial, one day after the judge made similar orders in a class action against Blue Sky.

Administrators for ailing residential property develor Bathla say the company will be forced into liquidation by the end of the week without further funding by lenders.

A billionaire Chinese property developer who has been exiled from Australia owes nearly $30 million to an investor who sank $20 million into the Eastwood Shopping Centre, which the developer sold for $155 million in 2021.

A family-owned Mitre 10 franchisee will not be on the hook for costs if its loses a novel suit seeking to block Bunnings from opening a $36 million store next to its Jimboomba store, with a judge saying the case will provide guidance on the misuse of market power effects test.

The administrators of collapsed building company Novati Constructions have been ordered to give developer Hulak two bank guarantees worth $312,500 each, with a judge finding it would be unconscionable to withhold them. 

Property developer Troon Group has acquired $80 million worth of industrial land in Western Australia's Bullsbrook, marking the company's entry into the Perth market.

Produce wholesaler Perfection Fresh has admitted liability in the competition watchdog's case alleging it made price-fixing arrangements with other suppliers before submitting weekly quotes to Aldi. 

A BDO director has filed a strike-out bid in ASIC’s case over alleged false and misleading reports for ASX-listed software company Dubber, with the accounting firm flagging its support for the application.