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TerraCom hit with $7.5M penalty in ASIC whistleblower case
ASIC 2025-08-27 11:55 pm By Christine Caulfield

A judge has hit coal producer TerraCom with a $7.5 million penalty in ASIC proceedings alleging it made misleading statements to the market that damaged a whistleblower’s reputation. 

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ICM fights class action’s bid to access ‘highly private’ info for opt-out notices
Class Actions 2025-08-26 11:29 pm By Sam Matthews

IC Markets is fighting a class action’s bid for “highly private and confidential” information about possible group members to craft personalised opt-out notices, arguing the information would be safer in the hands of a third-party mailing house than a plaintiff firm given increasing cyberattack risks. 

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Global Capital directors accused of breaching duties over $50M beachfront development
Real Estate 2025-08-26 11:22 pm By Sam Matthews

The liquidators of real estate investment company Global Capital Property Fund have sued the company’s current and former directors, alleging breaches of fiduciary duties in relation to a Queensland development.

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Clough appeals stay of $54M cross-claim in EnergyConnect spat with Elecnor
Energy & Natural Resources 2025-08-25 11:22 pm By Christine Caulfield

Engineering firm Clough Projects Australia is challenging a judge’s order staying its $54 million cross-claim against former Energy Connection joint venture partner Elecnor.

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Blue Sky class action not fleeing to Victoria after High Court solicitors’ CFO ruling
Class Actions 2025-08-21 11:20 pm By Sam Matthews

A class action against Blue Sky Alternative Investments won’t seek to transfer the case to contingency fee-friendly Victoria despite a High Court ruling that put the kibosh on solicitors’ common fund orders. 

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Elanor recommends shareholders reject Lederer’s ‘opportunistic’ $284M takeover bid
Construction 2025-08-21 11:42 pm By Cindy Cameronne

Elanor Funds Management has recommended shareholders reject a $284 million unsolicited takeover bid by the Lederer Group, saying the price is “opportunistic” and materially undervalues the commercial property fund. 

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Dexus seeks docs given to PwC, Deloitte in fight with APAC
Tom O’Brien 2025-08-19 11:34 pm By Cindy Cameronne

Real estate asset manager Dexus wants information that the Asia Pacific Airport Corporation gave to several consultants in a court battle over allegations it breached a shareholder deed in selling a stake in the airport operator. 

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ASIC holds no ‘special position’ when it comes to indemnity costs for doomed cases: judge
ASIC 2025-08-14 11:50 pm By Christine Caulfield

The corporate regulator should not be immune from the risk of special costs for actions doomed to fail, says a judge who flayed ASIC last month for bringing a case against TerraCom directors it should have known was a dud.

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Court throws out expert evidence in Whyalla Ports dispute with OneSteel
Energy & Natural Resources 2025-08-14 11:29 pm By Sam Matthews

GFG unit Whyalla Ports has won its bid to rub out some expert evidence put forward by OneSteel about the costs of dismantling and removing assets from the site in their dispute over control of the assets at the South Australian port.

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High Court shoots down solicitors’ CFO in Blue Sky class action
Class Actions 2025-08-06 10:54 am By Cindy Cameronne

The High Court has unanimously found the Federal Court has no power to allow solicitors to take a cut of a settlement or judgment in a shareholder class action against Blue Sky, saying it would be contrary to rules against contingency fees in NSW. 

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