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Construction PRO
Star extends deadline for Salter Brothers $940M refinancing
Star has extended the exclusivity period for a potential $940 million refinancing deal with Salter Brothers as the struggling casino operator races to head off insolvency.
Construction PRO
Construction firm Gradian sues ex-employees over competing business
Construction and engineering firm Gradian Group is suing a company partially owned by two former employees, alleging it has stolen its equipment and is poaching clients and suppliers, including Boral.
Origin cops $17.6M penalty in action by Victoria’s essential services watchdog
Origin Energy has been ordered to pay a record $17.6 million after admitting it breached Victoria’s energy rules, impacting over 670,000 customers.
DePuy class action group member appeals failed challenge to payout
A group member in a class action against Johnson & Johnson unit DePuy has filed an appeal after he lost a challenge to his compensation determination, 12 years after the case settled.
AIA snags general counsel from MLC Life
Grant Jones has been appointed general counsel at insurer AIA Australia after nearly a decade at competitor MLC Life.
Toyota class action’s limitations strategy backfires
A Toyota flex commissions class action can't retroactively join claims about alleged junk insurance made in a separate case to protect against a limitations defence, with a judge describing such applications as “prima facie vexatious”.
ACCC shrugs shoulders in face of Coles, Woolworths oligopoly
The ACCC has found Coles and Woolworths operate as an oligopoly with "little incentive" to compete but has stopped short of recommending a break-up or similar strong measures, saying there is no "silver bullet".
Hells Angels member settles defamation case against News Corp
News Corp has agreed to removed posts that allegedly defamed a senior member of the Hells Angels bikie gang by labelling him a "cocaine kingpin" and "fugitive from justice".
Construction PRO
James Hardie to buy US-based AZEK in $14B merger
Australian building materials giant James Hardie will acquire US-based home decking provider AZEK in a nearly $14 billion merger.
Construction PRO
Dyldam’s former directors face $33M claims they misused company property
Former directors of collapsed Sydney developer Dyldam have been targeted by a liquidator over claims allegedly worth at least $33 million.