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A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.
Judge calls out ‘ambiguities and circularities’ in Mercedes-Benz class action
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Mercedes-Benz has taken aim at an amended group definition in a class action over alleged defeat devices designed to cheat emissions testing, with a judge agreeing that it contains “ambiguities and circularities”.
CIMIC class action wins court nod for $45.25M settlement
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A judge has approved a $45.25 million settlement in a shareholder class action against engineering firm CIMIC over disclosures relating to its Middle East business.
Star accepts $300M takeover offer from Balley’s
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Star has agreed to a $300 million deal that will see the embattled company taken over by US-based casino operator Balley’s.
KordaMentha sues to wrest control of Whyalla port from Sanjeev Gupta
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KordaMentha has filed a lawsuit to force Sanjeev Gupta’s GFG Alliance to turn over the port at OneSteel’s Whyalla plant in South Australia, arguing the court should doubt a GFG unit’s claims to a lease for the port.
Lendlease loses Campbelltown land fight with Macarthur-Onslow family
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Lendlease has lost a lawsuit seeking to enforce a $120 million purchase agreement for five properties in Campbelltown, with a judge finding its failure to meet the conditions of sale for one key property meant the deal was off.
AkzoNobel waived privilege over document audit log in suit over Ichthys LNG: court
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Paint maker AkzoNobel must produce a document history log that includes embedded comments from its lawyers at Clayton Utz, in a dispute over alleged defective coating used on the $45 billion Ichthys natural gas project.
Aspen Group pays $32M for Albemarle site in Australind, WA
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Affordable housing developer Aspen Group has entered into a conditional contract with lithium giant Albemarle Corporation to buy a 18 hectare accommodation complex in Australind, Western Australia.
Judge extends freeze on $25M in Main Beach development spat
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A developer has won an extension of a freeze on $25 million held in escrow in its dispute with a builder over payment claims for a Main Beach high-rise, after it filed an appeal.
HopgoodGanim bolsters energy transition offering with new partner
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HopgoodGanim has snagged a partner from HFW with in-depth experience in renewables to support the firm’s clients in the transition to net zero.