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Construction PRO
An appeals court has found water infrastructure investor Conexa liable to pay land duty on a $46 million Sydney pipeline it acquired as part of a blockbuster deal with Rosehill.
In tossing the sixth securities class action to go to trial in recent years, a Federal Court judge has shown the task of proving shareholder loss is a doozy.
Although finding the former director of Quintis and its auditor, EY, engaged in misleading and deceptive conduct, a judge has dimissed a class action by the sandalwood producer's shareholders.
A judge is concerned that if he approves all payouts sought by lawyers and funders from a $13.5 million settlement in a class action against a Quintis director, group members will only he left with just 18 per cent.
Japanese car maker Isuzu has struck back at a class action, arguing Isuzu D-Max and MU-X cars sold in Australia did not contain the features of so-called defeat devices used to cheat on emissions tests.
A court has foreshadowed a fight between two competing class actions against Google over alleged abuse of market dominance in digital advertising.
Two law firms have joined forces in a second class action on behalf of publishers alleging Google misused its dominance in the digital advertising market.
A judge hearing a class action against Isuzu will deal first with whether its cars were fitted with so-called defeat devices, in the latest class action alleging a car maker cheated on emissions tests.
Space company Equatorial Launch Australia, which is facing an unfair dismissal from its former CEO, has told a court that solvency issues mean the former executive cannot call on $5 million in convertible notes.
A judge has found that representatives for forex broker Union Standard used unfair tactics to pressure customers to invest in risky financial products and derived most of their revenue from customer losses, said to total $83 million.