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A court has vacated a trial set to begin Monday in the class action against Suncorp unit AAI over add-on insurance, suggesting a settlement is in the works.
Former Star Entertainment execs cop penalties after settling with ASIC
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A judge has imposed penalties against Star’s former managing director and former CFO as part of settlements reached with the corporate regulator, as trial against nine other executives continues.
Telegram hit with $1M fine for late terrorism, child abuse reporting
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The eSafety Commissioner has slapped encrypted messaging app Telegram with a $1 million fine for taking 160 days to provide information about its handling of terrorism and child abuse material.
WiseTech chair, three other board members resign amid CEO controversy
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WiseTech chair Richad Dammery and three other directors have stood aside following “intractable differences” with remaining board members over the role of founder Richard White.
Slater & Gordon says email with staff salaries ‘in many ways a work of fiction’
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Slater & Gordon has alerted police to an email sent to all staff on Friday purporting to be from a staff member, which contained salary information and criticisms of top executives.
Coles, Woolworths class action judge won’t ‘rubber stamp’ firms’ plan to join forces
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Law firms running competing class actions against Coles and Woolworths over alleged illusory discounts have agreed to join forces, but a judge has warned he will not simply “rubber stamp” the arrangement.
Lendlease lobs $30M suit over ‘corroding’ racks for DoD solar farms
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Lendlease is locked in a $30 million court battle with a solar mounting provider that allegedly provided shoddy racks for two Department of Defence solar farms.
Amp Energy wants more time for land purchase option for Cape Hardy green energy project
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Renewable energy company Amp Energy has requested more time to exercise its option to purchase land in South Australia for the development of its Cape Hardy advanced fuels precinct.
Allens-repped Pacific Green sells Limestone Coast BESS to Palisade for $460M
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UK battery developer Pacific Green has sold its Limestone Coast North energy park in South Australia to Palisade Investment Partner’s Intera Renewables for $460 million.
Developer AVJennings mulls competing takeover proposals
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Developer AVJennings said it is mulling competing takeover offers by Singaporean developer Ho Bee Land and private equity-backed AVID Property Group.