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The lead plaintiff in a class action over allegedly worthless extended warranties sold by JB Hi-Fi has said he believed that after the manufacturer's warranty expired, no remedy would be available to him under the Australian Consumer Law.
Slater & Gordon has avoided calls for $6.5 million in security in its class action against Star Entertainment, with a judge saying the evidence fell well short of establishing a risk the firm could not foot the bill if it loses.
A judge has tossed oil company Lighthouse's $600 million suit against the government of East Timor after it failed to provide $1.3 million in security ahead of trial.
Construction PRO
The former majority owner of NY-based Infrastructure Capital Holdings has won its bid for documents ahead of mediation in a suit alleging Foresight Group Holdings undervalued the company's investments in Kinetic and Zenith Energy, which sold for a combined $5.7 billion last year.
Slater & Gordon should pay $6.5 million in security in a shareholder class action against Star, the casino giant says, citing concerns about the law firm’s ability to foot its costs if the case fails.
Construction PRO
United Cinemas has secured interim relief blocking its landlord from terminating its lease at the Craigieburn Central cinema in Victoria.
A self-disclosed error in modelling by the law firm that ran a class action against Hino Motors has cost the firm an even deeper cut to its payout than the $6 million lopped off its settlement share last year.
Construction PRO
Defunct telecommunication company NewSat has until 7 April to pay security for defence costs in a case against a group of lenders that withdrew financial support for the company's satellite project.
Construction PRO
A director of collapsed builder Shangri-La Construction who was found personally liable for $3.2 million in rectification costs for combustible cladding in a Melbourne apartment complex has failed to pass on his costs to his insurers.
Construction PRO
Amid a dispute over a $52 million mixed-use project in Melbourne, builder LU Simon has secured a court's approval to pay the developer cash equivalent to two bank guarantees in exchange for return of the security.