Class action settlements hit major milestones last year, with the year’s largest settlements totalling more than $1.5 billion and one case resolving for a historic $548.5 million.
A judge has expressed concerns about a funder’s novel application for its costs in a partially settled shareholder class action over the collapse of mining company Cudeco, saying everyone was getting a payday except group members.
Orders proposed by Apple after a judge’s finding that the digital giant and rival Google engaged in anti-competitive conduct would “rob the court’s findings of their detail, their efficacy and their bite”, Epic Games has said.
Ashurst has advised a syndicate of lenders on the $830 refinancing of Potentia Energy’s national portfolio of renewables assets.
The co-owners of the Pacific Werribee shopping centre in Victoria have lost their bid to join collapsed builder Probuild’s primary insurer AIG to their case over $356 million in alleged defects.
Law firm Allens is behind the recent sale by Pamoja Capital of a majority stake in UniLodge to Japanese property developer Samty.
Sportsbet has launched a cross-claim in a class action alleging it provided unlawful in-play betting services, arguing that users of the contentious service should have to pay back their winnings if the lawsuit succeeds.
Macquarie Asset Management has made an offer to acquire Qube which values the infrastructure giant at $11.6 billion.
Mining Services International is taking a $1 billion dispute over the terminated sale of a mine in Bahia to the High Court, after the receiver for Brazilian mining company Atlantic Nickel won a bid to stay the case.
Spanish multinational electrical giant Iberdrola has been selected to design and operate the Victoria to New South Wales Interconnector West transmission project, part of the state’s pipeline of new energy infrastructure projects.