In the ACCC’s price-fixing case, infrastructure services company Ventia has joined with Spotless in arguing the companies were not in competition, and says it was the Department of Defence that arranged for the providers to talk.
Collapsed Sydney developer Dyldam has denied wrongdoing in a lawsuit alleging members of the Fayad family used $74 million in sale proceeds for personal benefit and sought to conceal that fact from business partners.
Johnson Winter Slattery has hired a new partner for the firm’s restructuring and insolvency team.
A class action against CMC Markets has won access to data thought to reveal that approximately 2,500 customers who failed screening tests for risky financial products were nevertheless permitted to trade.
Downer EDI subsidiary Spotless has rejected allegations it engaged in price-fixing with Ventia on defence contracts, saying the facilities services companies were not in competition with each other.
A stay of a $37 million 2023 judgment in favour of the company behind an abandoned $185 million development in Gosford NSW against the Australian arm of China’s Shanxi Construction Investment Group has been extended.
The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.
ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors.
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.
The High Court won’t hear an appeal by a creditor of collapsed forestry giant Gunns Plantations seeking to toss winding up proceedings brought after it failed to pay back $1.2 million in unfair preferences.