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Nine-owned Australian property marketplace Domain is weighing up a $2.7 billion cash takeover offer from US-based CoStar Group, which snapped up a 16.9 per cent share in the company on Thursday.
Stockland locks in $800M in deals with KKR, M&G Real Estate
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ASX-listed Stockland has secured two new logistics deals with global investment firm KKR and property investor M&G Real Estate worth a total of $800 million.
Court approves $30M development in Sydney’s bayside
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The Land and Environment Court has been persuaded to approve a $30 million mixed-use development in central Rockdale, after initially rejecting the proposal.
Allergan may bring ‘state of the art’ defence in breast implants class action
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US drug maker Allergan may defend a class action over recalled textured breast implants by arguing its knowledge of the alleged defects was limited by the state of scientific knowledge at the time the products were made.
‘Disappointing’: Women barristers still receiving smaller chunk of briefing fees
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While the briefing rate targets for women barristers set by the Law Council of Australia’s equitable briefing initiative have been met, women barristers continue to receive a lower proportion of total briefing fees.
GM class action judge fond of cars, not fond of pleading fights
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GM has foreshadowed a strike-out application in a class action over alleged faulty transmissions in Holden vehicles, but a judge has warned he won’t “take kindly” to pleading spats.
Jones Day lures enviro partner from Norton Rose Fulbright
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A top environmental lawyer has joined Jones Day as a partner in the firm’s government regulation practice.
Judge won’t bar case pursuing Banksia class action mastermind’s lawyers
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A bid by Banksia Securities’ special purpose receiver to thwart planned proceedings by a group of debenture holders against lawyers for the class action funder has failed.
CFMEU, Setka taken to court for alleged threats to AFL umpire
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The Fair Work Ombudsman has sued the CFMEU and its former Victorian secretary John Setka for allegedly trying to coerce the AFL into sacking its head of umpires for bringing over 50 court cases against the union.
WiseTech shareholder class action loses bid for early discovery
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A judge has declined an early bid for broad discovery in a shareholder class action against tech firm WiseTech, after hearing it would require the production of “truckloads” of irrelevant material.