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Details of a settlement with AIG in a class action by investors in failed Linchpin reveal the insurer has paid out all of a $10 million policy and will hand over another $2.15 million in interest and costs.
Construction PRO
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.
Construction PRO
Mills Oakley has hired two new partners for its financial services and national property teams.
A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.
Construction PRO
Paint maker AkzoNobel must produce a document history log that includes embedded comments from its lawyers at Clayton Utz, in a dispute over alleged defective coating used on the $45 billion Ichthys natural gas project.
A judge has said he is satisfied that GM's concerns about a class action's "circular" explanation of alleged design flaws in certain Holden vehicles are "not trivial".
A unit of collapsed start-up StrongRoom AI has warned creditors of its parent company that recent freezing orders need to be tweaked to allow it to continue trading, or there may be little money left to argue over.
Origin Energy has been ordered to pay a record $17.6 million after admitting it breached Victoria’s energy rules, impacting over 670,000 customers.
Russian company UC Rusal has lost a High Court leave bid after an "extremely harsh" finding that Rio Tinto was entitled to refuse alumina deliveries because of export sanctions.
As the High Court hears oral arguments this week on the reach of power to make common fund orders for firms and funders bringing class actions, Lawyerly gives a cheat sheet on what the justices could do.