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Construction PRO
In a court fight between engineering firm Clough and its former joint venture partner Elecnor, a judge has questioned Elecnor’s “extremely inconvenient” bid to send Clough’s $54 million cross-claim to arbitration in Singapore.
Coal producer TerraCom has been joined to a lawsuit brought by Korean Midland Power against a unit testing lab ALS Limited over allegedly exaggerated coal testing results.
A judge has balked at Maurice Blackburn's hourly rates in a jointly run class action against Treasury Wine Estates, questioning why the firm charged 20 per cent more than fellow preeminent class action firm Slater & Gordon.
The receiver appointed a decade ago to claw back money for investors in failed Banksia Securities might seek the protection of a court order releasing him from proposed new proceedings, which would also target lawyers alleged to have breached their overarching obligations.
A class action against online trading platform IG Markets over alleged risky contracts for difference has dropped its conflicted remuneration claims after the court heard it was struggling to find a sample group member.
Construction PRO
MAC Copper, which operates the Cobar copper mine in NSW, has accepted a $1.6 billion takeover offer from South African-based gold mining company Harmony Gold.
Australian Tax Office whistleblower Richard Boyle has pleaded guilty to four charges connected to disclosures he made against his employer, but will avoid jail.
A judge has approved a bid by two law firms to join forces in class actions against Harvey Norman, but has ordered that a costs monitor be appointed to protect against duplication.
A $67 million settlement has been reached in a class action alleging Queensland-based superannuation fund QSuper overcharged members for life insurance premiums.
Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower's reputation.