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Boral wants a judge to wait until the High Court delivers a judgment in cases against CBA before issuing his decision in shareholder class actions against the building materials giant. But the applicant says the court can’t wait for “perfect clarification” of the law.
Two US jury verdicts last week in cases over alleged harms caused to children by social media platforms have spurred plaintiff firms to weigh class actions in Australia.
The Finance Sector Union has reached a resolution with National Australia Bank in a test case by four managers who were allegedly required to work "unreasonable" unpaid hours for years.
The law firm that's running a class action against the AFL on behalf of players who allegedly suffered on-field brain injuries has filed a new representative proceeding targeting 10 more clubs.
Construction PRO
The operator of the Urbanest student accommodation in Melbourne has sued Monash College for $22.2 million in damages, claiming the university breached a contract over unoccupied bed rent.
Construction PRO
US-based private equity giant Blackstone has reshuffled the leadership of its Australian real estate arm after head Chris Tynan stepped down for his role following a string of billion-dollar deals.
A judge has dismissed an application for a freezing order against the developer behind a NSW Central Coast office block at the centre of a class action over alleged defects, including sub-par air conditioning.
The operator of eyewear franchises OPSM and Laubman & Pank has paid a $19,800 penalty after the ACCC found it failed to provide up-to-date disclosures to prospective franchisees, several years after promising to make its franchise system more transparent.
US-based drug maker Cosette has lost its bid to stay proceedings alleging it induced the treasurer to reject its $672 million tie-up with Mayne Pharma, with a judge finding Mayne has a right to prosecute its case and would be prejudiced by the delay.
ARN has flagged it might file a cross-claim against Kyle Sandilands seeking the repayment of his earnings in response to the shock jock's suit challenging its decision to scrap his 10-year $100 million contract with the network.