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Construction PRO
Sydney council, developer settle sinking homes class action
A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has reached an in-principle settlement two weeks out from trial. 
Keybridge directors deny board minutes about $4.75M CEO bonus a ‘concoction’
Three Keybridge Capital directors have rejected claims that board minutes documenting a $4.75 million bonus to former CEO Nicholas Bolton were a post-hoc "concoction”, saying they accurately reflected an agreement reached during a nine-minute meeting in 2023.
Construction PRO
NSW Port Authority fends off $300M suit over Glebe Island lease
A judge has dismissed a case brought by a sand importer against the Port Authority of NSW seeking to recoup alleged lost profits and reliance damages falling from a lease agreement for a multi-user facility in the Sydney harbour. 
Sydney sinking homes class action settles on eve of trial
A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has reached an in-principle settlement, two weeks out from trial. 
ASIC seeks penalties against adviser linked to First Guardian
The corporate regulator is seeking penalty and disqualification orders against a financial adviser whose businesses allegedly earned $37 million for spruiking the collapsed First Guardian fund, a court has heard.
Construction PRO
Asset freeze stays against developer in $133M Babylon Apartments row
A court has extended urgent freezing orders against the developers of the $133 million Babylon Apartments in the north-west Sydney suburb of Rouse Hill, in a dispute over a builder's payment debt.
Construction PRO
‘Bite you hard’: HWL Ebsworth partner fined over angry texts to builder
A HWL Ebsworth major projects partner has been fined $10,000 for unsatisfactory professional conduct after sending angry text messages to a builder over work on his home, including one message that threatened to "bite" him.
Cor Cordis loses fight over ex-managing partner’s fraud claims
Cor Cordis has lost its bid to strike out claims by the former chair of the insolvency firm that it "confected" reductions in work in progress to avoid paying his full retirement entitlements.
Clive Palmer cases against ex-ASIC chair ‘houses of cards’: Full Court
The Full Federal Court has shot down billionaire Clive Palmer's bid to revive misconduct claims against former ASIC chair James Shipton, calling his case "little more than houses of cards".
Construction PRO
Colliers must pay $110K to ex-director for commission on Westfield deal
An appeals court has ordered Colliers to pay a former director more than $110,000 for serving as agent on a lease at the Westfield in Sydney's CBD, which he did not receive after he left the firm in 2016.