A court on Thursday hit property spruiker We Buy Houses and its sole director, Richard ‘Rick’ Otton, with a record $18 million in total fines for misleading property investors with claims they could learn to buy real estate for $1.
Real estate group Ray White has been hit with lawsuits by two sacked directors of its projects unit, who claim they turned down profit-sharing job offers from industry rivals for lucrative, long-term employment with the family-owned agency that lasted seven months.
Crown Resorts has accused the NSW government of breaching its contractual obligations by “spruiking” to construction firms for development at central Barangaroo that would obstruct its views of the Sydney Harbour Bridge and the Opera House.
Former National Australia Bank branch manager Mathew Alwan has been permanently banned from the financial services industry for his involvement in a home loan fraud ring in greater western Sydney.
Housing giant Metricon will pay $50,400 in penalties after being hit with four infringement notices for misleading advertising aimed at first home buyers.
Mortgage aggregator Connective Group has lost an appeal of a ruling that gave the greenlight to a shareholder’s derivative lawsuit against company directors and Macquarie Bank over the sale of 25 percent of the business to the bank.
After signalling last month they were close to resolving their trade mark dispute, real estate companies RE/MAX and Resimax have been been given one last chance — and one more week — to settle.
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.
A judge has set aside an application to block the $48 million sale of a Surfers Paradise building and car park after finding the community organisation that launched the proceedings lacked standing.
Crown Resorts is taking the NSW government to court over development at central Barangaroo that threatens to block its views of Sydney Harbour Bridge and the Opera House.