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Construction PRO
Property developer Goodman Group is seeking to raise $4.4 billion to fund its investments in data centres, as demand increases from the expanded use of cloud computing and artificial intelligence.
A finding that Noumi's production of a PwC report to ASIC didn't constitute waiver of privilege provides clarity that voluntary disclosure agreements can protect confidential information, but care must still be taken, lawyers say.
Mineral Resources confirmed Thursday managing director Chris Ellison will be replaced following a disclosure scandal detailed late last year, but no new penalties will be imposed.
A class action against BHP can include in the group member definition investors who bought shares on secondary platforms, but the change can't apply retroactively.
In deciding an evidentiary dispute in a shareholder class action against building materials giant Boral, a judge has sounded off over the increasing costs of expert evidence produced in group proceedings.
Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.
Construction PRO
Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United's alleged failure to disclose that a key contract was “loss-making”.
The corporate regulator has commenced an investigation into ASX’s one-day technical failure that prevented the settlement of trades on the CHESS system shortly before Christmas.
A judge has rejected a new pleading that would have upped the damages to $135 million in a case by a shareholder of failed energy company Armour Group alleging law firm Baker McKenzie was knowingly involved in a plan to take control of the company for cheap.
A shareholder class action has slammed as "nonsensical" Fletcher Building’s claim that a judge’s public comments in his previous role at Maurice Blackburn created an appearance of bias against corporate defendants.