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The fallacy that shareholders must precisely prove the amount of loss caused by a listed company's breaches has finally been exposed by the Full Federal Court, a trial judge has been told in a class action over the collapse of steel maker Arrium.
As proof of its popularity as a class action jurisdiction, the Supreme Court of Victoria will hear opening submissions in three class action trials on Monday, an unprecedented number in a single day for the court.
Construction PRO
Inpex says damages against AkzoNobel could increase "very significantly" if the court adopts its position on a referee's report and it succeeds on liability in its suit over allegedly defective anti-corrosive coating used on the $45 billion Ichthys gas project.
Construction PRO
Monadelphous Group subsidiary Kerman has secured a $165 million Rio Tinto contract for the design and construction of facilities at the mining giant's Brockman Syncline 1 project in the Pilbara.
Construction PRO
Clyde & Co has recruited a disputes partner with extensive experience in complex litigation in the infrastructure and energy and resources sectors.
Johnson & Johnson has agreed to pay $7.9 billion to resolve multi-district litigation in the US alleging its talcum powder caused cancer, a settlement Shine Lawyers said was a positive development as it readies for a first case management hearing in its class action.
Construction PRO
The site owner of a proposed shopping centre in Melton must return $1.5 million to a defunct developer that allegedly breached a $30 million land sale contract, an appeals court has found.
Construction PRO
Metals Manufactures has launched legal action for $33 million in damages against Fletcher Building and unit Crane Group, saying it was misled into paying $170 million for plumbing supply business Tradelink.
Construction PRO
A court has rejected a bid to undo the state significant development status of a proposed 37-storey, 100-unit shop-top housing development in Northern Sydney.
The competition regulator has given its draft approval to Fortnite maker Epic Games and Google for their global settlement of allegations of misuse of market power by the digital giant.