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Paladin director disqualified in ASIC case over ‘entirely fanciful’ $1B valuation
ASIC has won banning orders against a Paladin and MacroLend director, with a judge finding investors were enticed by his “entirely fanciful” $1.02 billion valuation of Paladin unit Kradle Software.
Construction PRO
Cobolt fights Duke developer’s recourse to security in feud over project
The builder of the Duke apartment complex in the inner city Melbourne suburb of Collingwood wants a court to block the property developer from accessing a bank guarantee as their dispute over the project continues.
Court calls ASIC out for ‘kitchen sink’ approach to pleadings in Mawhinney case
A judge has taken ASIC to task for pleading its remitter case against Mayfair 101 Group director James Mawhinney in minute detail, but has rejected arguments the regulator ran the proceeding in an “oppressive and unmeritorious” way.
Construction PRO
Santos must hand over info in activist’s challenge to Reindeer gas field plan
Santos has failed to convince a judge that it should not provide documents relied on by NOPSEMA to approve the company’s environmental plan for its Reindeer gas field in judicial review proceedings.
Crown’s $73M shareholder class action settlement wins court OK
A court has approved Crown Resorts' $72.5 million settlement of a shareholder class action, as well as a $20 million cut for the plaintiff's law firm.
EVP drags share sale parties into case against Strongroom AI
Venture capital firm EVP has added 20 parties to a lawsuit seeking to recoup its $10.4 million investment in Strongroom AI, as a judge extended freezing orders against directors of the med-tech start-up.
Construction PRO
ANZ conduct ‘remarkable’, judge says after ALAMMC director allegedly withdraws frozen funds
A judge has ordered ANZ to explain itself after hearing the director of a Gold Coast property developer under investigation withdrew $112,000 from a bank account subject to freezing orders.
Construction PRO
Fairfield developer wins spat over $3M payment claim
A developer has won an injunction to stop a builder from enforcing an adjudication decision in a dispute over a $3 million payment claim, with a judge finding it would be an abuse of process to make the developer pay.
Court finds Argentina validly served in suit to enforce $24.3B judgment
Two minority shareholders in Argentina’s state-controlled oil company have won a dispute over service in their case seeking to enforce a $24.3 billion judgment awarded in a US court. 
Acciona lobs cross-claims in Hunter Valley bus crash class action
Acciona is targeting engineers SMEC and Jacobs Group in cross-claims after being joined to a class action over a deadly bus accident in NSW’s Hunter Valley, as two more parties in the proceeding flag further cross-claims.