A judge has approved a $20 million settlement in a class action against NAB, despite initial concerns about the “moral hazard” of paying fees incurred by the applicant’s former lawyers to prepare “sub-optimal pleadings”.
Law firms running competing class actions against Coles and Woolworths over alleged illusory discounts have agreed to join forces, but a judge has warned he will not simply “rubber stamp” the arrangement.
A judge has hit AustralianSuper with a $27 million penalty for breaching superannuation rules requiring providers to consolidate customer accounts.
Wine producer Accolade has won a dispute with Pernod Ricard over interim arrangements to distribute wine after it bought the French winemaker’s Australian and New Zealand businesses.
The development management company behind the $2.7 billion STH BNK project, which was placed in administration last week, owes creditors — including lawyers, consultants and designers — over $100 million.
A second law firm has lodged class actions against Coles and Woolworths on the back of the consumer regulator’s claims that the supermarket giants’ discount campaigns were misleading.
Super Retail Group’s former top lawyer is fighting the dismissal of her application for performance of a settlement she says was reached following her dismissal from the company.
A judge has recused himself on the eve of trial from hearing a dispute between United Petroleum and Perth Airport over a lease and construction agreement, after revealing he had a relationship with one of the petrol chain’s witnesses.
Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.
Westpoint Shopping Centre in Western Sydney has been sold for $900 million, in Australia’s largest individual retail asset transaction.