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A third law firm is investigating a potential class action against AI infrastructure company NextDC after it revealed delays in grid supply to its M3 data centre in Melbourne and slashed $140 million from its forecast earnings.
Western Sydney University has agreed to pay $8.35 million to settle a class action alleging it misled students into studying a health engineering degree that was unaccredited.
Payday lender Sunshine Loans has been hit with $5.5 million in penalties for charging vulnerable customers almost $300,000 in fees, with a judge giving limited weight to its claim that it relied on legal advice when introducing the unlawful charges.
A former US Congressman and indirect beneficiary of Queensland gold mining company Citigold has lost a bid to launch derivative action accusing the company's chairman of sharing insider information with his brother.
Construction PRO
The bidding war for property developer Ingenia Communities continues, with private equity firm Warburg Pincus on Friday besting an offer made five days earlier by AVID Property Group.
The former directors of Canberra firm Aulich Civil Law have lost their challenge to orders that they compensate a former shareholder in the legal practice, after it was found they issued shares to dilute her holding.
The High Court has taken up Pauline Hanson's constitutional challenge to Australia's racial vilification law, in a long-running dispute with Greens senator Mehreen Faruqi over a tweet by the One Nation leader.
A Sydney barrister found guilty of contempt in a fight with his chambers over $112,000 in floor fees has been fined $25,000, with a judge calling his apologies “mealy-mouthed” and “late in the day”.
The High Court has dismissed billionaire Clive Palmer's bid to revive his misconduct claims against former ASIC chair James Shipton, which an appeals court rejected as "little more than a house of cards".
Rising costs and evolving shopping trends have forced 188-year-old department store David Jones into voluntary administration, a day after its landlord revealed the retailer had not paid rent since September.