Industries

The failed construction business of Allmine Group's Arccon was not insolvent when it paid $7 million in tax liabilities, despite signs of financial distress, a judge has found, dismissing a case by a liquidator's assignee against the tax office.

A tribunal has found a Victorian solicitor guilty of professional misconduct for over-promising on the prospects of success of a proposed property investment class action, which was never brought.

Lawyers for LBJ Developments have told a judge that its joint venture partners on a development at the former Lilydale quarry breached their obligations by failing to honour a contractual right to tender for quarry filling works at the site.

Lendlease has sold its 50 per cent stake in two shopping centres in Perth and Brisbane to Cbus Property for around $1.3 billion. 

Macquarie Asset Management is partnering with Anthropic and Singaporean sovereign wealth fund GIC on data centre infrastructure, with the partnership to initially focus on data centres in the US.

An RSL club in Wollongong, NSW can't pause execution of a $3 million judgment secured by a contractor pending determination of a defects case, despite claiming "catastrophic" consequences.

A Victorian solicitor guilty has been found guilty of professional misconduct for over-promising on the prospects of success of a proposed property investment class action, which was never brought.

A judge has granted Johnson & Johnson's bid for soft class closure in a class action over alleged ineffective cold medications, saying it would aid in settlement negotiations. 

A judge has slammed NAB for failing to comply with court orders in a negligence case against the bank, calling its actions "discourteous and unacceptable".

The corporate regulator has sought court declarations against super trustee Netwealth over the failed First Guardian investment fund, which along with the collapsed Shield is believed responsible for $1 billion in losses.