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Judge allows tweak to ratings suit against S&P ahead of trial
Securities 2025-04-11 11:03 pm By Sam Matthews

The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.

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Judge wants more than ‘bland’ claim of defects in Hyundai, Kia class actions
Class Actions 2025-04-10 1:32 pm By Christine Caulfield

Class actions against Hyundai and Kia say they need a third round of document discovery, two years into the cases, but a judge has said the applicants should first detail the alleged engine defects at issue.

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Dexus must sell stake in $1.7B shopping centre to Macquarie after failed appeal
Real Estate 2025-04-11 11:27 pm By Sam Matthews

An appeals court has rejected Dexus’ challenge to a finding that it must sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail, saying its arguments contradicted the “evident commercial purpose” of the contracts at issue.

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LU Simon loses special case in Victoria’s combustible cladding action over Atlantis
Construction 2025-04-11 11:09 pm By Christine Caulfield

An appeals court has sided with the state of Victoria on a crucial issue in its case against LU Simon Builders over alleged combustible cladding on Melbourne’s Atlantis Towers.

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Collapsed Sharvain Facades owes $54M to Multiplex, Scentre, other creditors
Restructuring & Insolvency 2025-04-11 11:13 pm By Christine Caulfield

Building façade company Sharvain, which went under last month, owes major builders $54 million, according to a judgment pushing out the date for a creditors meeting.

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Airservices to face ‘substantially expanded’ case by Perth Airport over PFAS
Real Estate 2025-04-11 11:16 pm By Cat Fredenburgh

A judge has allowed Perth Airport to amend its case against sublessee Airservices over alleged groundwater contamination from the use of firefighting foam, finding that allowing the airport to describe PFAS chemicals as “potentially toxic” would not render the case ambiguous.

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Westpac looks to shield Allens chronologies in AUSTRAC class action
Class Actions 2025-04-09 11:09 pm By Andy Sidler

Westpac is arguing timelines prepared by law firm Allens are privileged and should not be handed over in a shareholder class action over its alleged lax compliance with anti-money laundering laws.

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Hyundai, Kia class action firm can’t escape costs of withdrawn appeals
Appeals 2025-04-09 3:37 pm By Andy Sidler

Applicants in class actions against Hyundai and Kia over alleged defective braking will pay the car manufacturers’ costs incurred for abandoned appeals, despite arguing the appeals were overtaken by subsequent events.

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Tabcorp’s former CEO sues betting giant, directors
Employment 2025-04-09 11:23 pm By Christine Caulfield

Tabcorp’s ex-boss, who was found to have been forced out over alleged offensive language, says his coerced resignation was inconsistent with a boardroom history of condoning off-colour remarks.

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Victoria can’t set aside disclaimer on hazardous waste at rental property
Real Estate 2025-04-10 11:20 pm By Cat Fredenburgh

The state of Victoria can’t set aside a liquidator’s disclaimer over hazardous waste in a property rented by collapsed marine safety flooring company Fordex, with a judge finding the landlord’s rights over the property and waste were not terminated by the disclaimer.

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