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Construction PRO
OneSteel administrators win extension after closing Whyalla blast furnace
Administrators of OneSteel Manufacturing secured an extension of time to hold a second creditors' meeting after shuttering the Whyalla steelworks' blast furnace, as they continue sales talks.
Coleman Greig client loses appeal bid in row over analyst’s hourly rate
A former client of Sydney law firm Coleman Greig has been refused leave to appeal a costs assessment, with a judge finding a review panel didn't err when weighing the hourly rate of a non-lawyer.
HungryPanda wants to lift stay in suit against competitor Fantuan
Food delivery service HungryPanda wants to lift a stay in a case against competitor Fantuan over the acquisition of delivery platform EASI, after a $24 million judgment was entered in related UK proceedings.
ASIC alleges comparison site sold customer enquiries to highest bidder
The corporate regulator has taken a financial products comparison site to court, alleging it misled consumers by representing that it compared options from multiple providers when in reality, consumer enquiries were sold to the highest bidder.
Macquarie hit with second class action by investors in Shield fund
Investment manager Macquarie has been hit with a second class action by investors who sank over $320 million of their superannuation into Keystone's collapsed Shield Master Fund.
KPMG’s approach to whistleblower claims ‘overly legalistic’: report
KPMG dealt with a whistleblower's allegations over the misuse of confidential client data in an "overly legalistic" way, a new report has found, saying the accounting firm "lost sight" of its values and dropped the ball.
Torrens University faces landmark class action by casual academics
US-owned Torrens University is accused of systematically underpaying casual academics who have worked across its Australian campuses, in the first major underpayments class action against a private university.
Boral class action sent to mediation before ex-Chief Justice
A securities class action against Boral will go mediation before the former Chief Justice of the Federal Court early next year, with a judge saying the High Court will likely hand down its much-anticipated judgment in the CBA class action before then.
Construction PRO
Court extends Bathla administration to progress projects
Bathla's administrators have secured court orders extending their control of the failed Sydney developer for 12 months, saying it will allow more time to complete projects under construction.
Construction PRO
Abacus Group sells remaining stake in Storage King for $284M
Real estate investor Abacus Group has sold off its 19.6 per cent stake in Storage King to existing shareholder Ki Corporation for $284 million.