The funders that bankrolled a securities class action against collapsed engineering firm RCR Tomlinson will ask the court to give them an $8 million cut of a $40 million settlement. A further $12 million in legal fees means shareholders will get 50 per cent of the settlement sum.
Grocon has lost yet another argument over documents in its lawsuit against Infrastructure NSW over a stalled $2 billion Central Barangaroo development project, with a judge rejecting its bid to access material over which the government agency claimed privilege and public interest immunity.
A judge has signed off on a $26 million settlement in a shareholder class action against Ardent Leisure over the 2016 Dreamworld tragedy, including $7.8 million for the funder that backed the case and $5 million in legal costs.
The firm behind a class action over Victoria’s COVID-19 hotel quarantine debacle has won a group costs order providing for a 30 per cent contingency fee, after promising it won’t ask for more down the road.
A new law firm has taken over from Quinn Emanuel in a class action against Transport for NSW over the alleged fraudulent acquisition of land to construct the $16 billion Westconnex tunnel in Sydney, after the mystery funder that’s backing the case lost its bid to avoid security.
The founders of news website Mamamia have secured access to their client file from a former HWL Ebsworth partner, who is accused of professional negligence in his handling of a dispute with the landlord of the couple’s $16 million Bellevue Hill mansion.
Energy company Santos can begin construction of a pipeline for its $5.6 billion Barossa Gas project but has been barred from any work within 70km of the Tiwi Islands.
Grocon has taken another hit in its $270 million lawsuit against Infrastructure NSW over a stalled $2 billion Central Barangaroo development project, with a judge rejecting its claim of privilege over more than 15,000 documents.
Tiwi Islanders have won an eleventh hour bid to halt all work on Santos’ Barossa gas export pipeline for one week, with a judge finding construction could cause “irreparable damage” to underwater cultural heritage.
Santos has hit back at an urgent bid by a Tiwi Islander traditional custodian to block construction of the energy giant’s Barossa gas export pipeline, saying he could not usurp the offshore energy regulator’s role.