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A judge has approved a $180 million settlement in a stolen wages class action but has criticised the plaintiff’s law firm for the costs incurred in the case and raised doubts about the value of litigation funding.
CWP probes BP’s purchase of Macquarie stake in Australian Renewable Energy Hub
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BP’s joint venture partner on one of the world’s largest renewable energy projects has filed court proceedings seeking information about BP’s acquisition of Macquarie’s stake in the project.
‘Far-fetched and uncommercial’ take on PPAs rejected in spat over NT power plants
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Electricity provider Rimfire Energy has prevailed in a fight with the builders of two power plants in the Northern Territory, winning $1.4 million in damages for a four-year delay in reaching target operating dates.
Green hydrogen company Infinite Green Energy faces winding up bid
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A judge has adjourned a creditor’s winding up application against Perth-based green hydrogen company Infinite Green Energy, finding the delay could lead to a better outcome for creditors.
Green Critical Minerals in deal to develop graphite for data centres
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Green Critical Minerals has signed a deal with Australian data centre operator GreenSquareDC to develop heat management products with VHD graphite.
Builder Kuatro fails in appeal in SOPA case against Elite Formwork
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A court has ordered builder Kuatro Build to pay concrete subcontractor Elite Formwork more than $500,000 in progress payments for work on a Sydney development, finding no error in an adjudicator’s determination.
$43M class action settlement fair in light of Noumi’s financial position, court told
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A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company’s financial position, a court has heard.
Judge ‘happy to let ASIC flounder’ in FIIG cyber enforcement case
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A judge has lambasted the corporate regulator’s decision to yield to FIIG Securities’ pleadings demands in its sophomore cyber enforcement case, but said he was “happy to let ASIC flounder” if it would not put up a fight.
Court finds Qteq engaged in cartel conduct
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A judge has found that Queensland-based mining equipment company Qteq and its chairman engaged in cartel conduct, including attempting to rig a multi-million dollar tender.
Barrister reprimanded for sending ‘inappropriate’ emails to domestic abuse victim
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A barrister who sent rude and intimidating emails to a domestic violence victim has been reprimanded.