Please login to bookmark Close
Lendlease has lost its appeal of a ruling that shot down its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown against a company controlled by the Macarthur-Onslow family.
iProsperity exec owes $5.3M for misleading ZACD on funds for $300M hotel deal
Please login to bookmark Close
An iProsperity director must pay $5.3 million to ZACD for his conduct in convincing the Singapore-based real estate investment firm to cough up $37.5 million for its $300 million purchase of the AccorInvest hotels portfolio.
Geocon wins appeal over excess GST on $115M property sales
Please login to bookmark Close
Canberra developer Geocon has won a Full Court appeal over the GST payable on $115 million in sales from a 360-unit development, with the case sent back to a tribunal for final determination.
Carlisle Homes scores win in dispute over Nexus Mulgrave lease
Please login to bookmark Close
Carlisle Homes has prevailed on a preliminary question in a dispute with Nexus Office over alleged defects in a Nexus Mulgrave rental space, with an appeals court finding an expert had not properly determined the dispute.
Charter Hall drops $210M for Melbourne’s Burwood One shopping centre
Please login to bookmark Close
Charter Hall has acquired the Burwood One shopping centre in Melbourne’s east for $210 million, just days after snapping up a triple-supermarket-anchored shopping destination in Queensland.
Judge makes $5M penalty against Noumi available to class action
Please login to bookmark Close
A judge has ordered that a $5 million penalty ASIC won against Noumi be made available for distribution to group members in a class action against the food giant, on top of a $43 million settlement.
Banksia group’s case against Arnold Bloch Leibler, partner dismissed
Please login to bookmark Close
A court has dismissed by consent a case launched by a group of Banksia Securities investors against the law firm that acted for the funder of a scandal-ridden class action.
Ex-Deloitte partner replaced for aspects of Mosaic liquidation
Please login to bookmark Close
Special purpose liquidators have been appointed to failed clothing retailer Mosaic Brands, after a judge found a reasonable apprehension of bias arising from liquidator Vaughan Strawbridge’s former link to Deloitte.
Woolworths hit with class action over underpayments disclosures
Please login to bookmark Close
Woolworths has been hit with a shareholder class action for underpaying workers hundred of millions of dollars, with investors alleging the supermarket giant issued inflated financial statements by failing to account for proper staff remuneration.
Titan paints Pentana as villain to divert from ‘brazen’ copyright theft, trial told
Please login to bookmark Close
Car dealership software firm Pentana has accused competitor Titan of a “calculated, sustained and brazen” invasion of its rights, and argues cross-claims of misuse of market power are a distraction.