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Real estate debt asset manager Madigan Capital has closed a $625 million loan to fund the development of a 580,000sqm industrial estate in Western Sydney.
Settlement reached in class action over Melbourne development
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Investors who alleges they were misled about a Melbourne apartment development have reached a $2.5 million settlement in class action proceedings.
Penalty in ASIC case against TerraCom to wait until directors’ hearing
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Penalty proceedings in ASIC’s case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial.
In ASIC win, Full Court says Qoin issuer not exempt under authorised rep rules
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ASIC has succeeded in overturning a decision that found that Qoin issuer BPS Financial came within the authorised representative exemption with respect to agreements with Australian financial services licence holder PNI.
‘No excuse’: ASIC slams poor practices by managed investment funds holding $1T
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The corporate cop has found “widespread” compliance plan failures in the managed investment fund industry, and says it is investigating some fund managers for potential breaches.
Fourth law firm mulls ad tech class action against Google
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A fourth law firm is investigating a class action against Google for allegedly abusing its dominance in the market for online advertising.
Judge won’t let ACCC case against Spotless, Ventia get ‘totally unwieldy’
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The judge hearing the ACCC’s price-fixing case against Downer EDI’s Spotless and Ventia has proposed an initial hearing to determine if the companies are in competition, saying he won’t let the case become “totally unwieldy”.
Exactech settles class action over alleged faulty implants
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Medical device maker Exactech has reached a settlement in a class action over alleged defective implants, following the US company’s bankruptcy.
Melbourne law firm faces at least three suits in wake of declassing decision
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There are at least three individual suits proceeding against Melbourne law firm Waller Legal after a class action alleging it consistently failed to bring economic loss claims on behalf of sexual abuse clients was declassed, a court has heard.
Nine not required to post defamation apology on homepage: court
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A judge has found that Nine’s apology to the former owner of collapsed budget airfare company Bestjet over unsubstantiated claims made in a story about the company’s demise was sufficient to resolve their defamation dispute.