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Construction PRO
A judge has given the liquidators of Tahmoor Coal the green light to expand their case against Sanjeev Gupta's Clydesdale Engineering Limited to allege that an additional loan document and more than $28 million in payments were part of an alleged voidable transaction.
Fiducian Investment Management has copped a $7.3 million penalty after admitting that it made misleading representations about the ESG credentials of an investment fund, despite senior execs being warned about its exposure to fossil fuels.
Former Keybridge CEO Nicholas Bolton has faced questions about a $4.75 million bonus he was paid on a $17.8 million deal with fund manager Magellan, on the second day of trial in proceedings by WAM over two transactions its alleges were oppressive to shareholders.
Boral's former CEO Zlatko Tordorcevski and ex-CFO Tino La Spina have been granted discovery as they mull possible claims against their former employer for curbing their long-term incentive entitlements when they left in 2022.
Construction PRO
Builder Watpac has won a battle with developer Romeciti over a final payment claim issued as part of an agreement to construct a $450 million luxury development in Sydney's Macquarie Park.
Construction PRO
Challenging an adjudication decision for Watpac in a dispute over a $450 million residential complex in Macquarie Park, developer Romeciti says the adjudicator had no jurisdiction to permit the builder to access $9.19 million in bank guarantees.
A court has ordered Macquarie Securities to pay an agreed $35 million penalty after finding that “serious deficiencies" in its reporting systems resulted in repeated failures to accurately report short sales.
Construction PRO
The University of Sydney has won its bid to add an $80 million claim to its six-year-old case against Multiplex over alleged defects at the Charles Perkins Centre.
Construction PRO
The University of Sydney is seeking to push back the trial date in its six-year-old case against Multiplex over alleged defects at the Charles Perkins Centre, alleging it has recently discovered new problems with the building.
Litigation funder ILP, which has sought an injunction to stop tech investor CPC from terminating their agreement for failure to pay legal fees in its patent case against Apple, has rejected claims it is "hedging its bets".