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The liquidators of real estate investment company Global Capital Property Fund have sued the company’s current and former directors, alleging breaches of fiduciary duties in relation to a Queensland development.
Ki Corporation, Public Storage pull $2.2B offer for Abacus Storage King
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A consortium of Ki Corporation and New York Stock Exchange-listed Public Storage has pulled a $2.2 billion offer to acquire Abacus Storage Kings.
Coles, Woolworths class actions ‘put to sleep’ until ACCC trial
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A judge will hit pause on two class actions against Coles and Woolworths over allegedly illusory discounts after hearing a bid to bind group members to the findings in related proceedings by the ACCC.
Media mogul Antony Catalano spared from witness box in Keybridge case
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Media mogul Antony Catalano will not be required to provide evidence about a deal between Keybridge Capital and Magellan Financial Group after claiming it could put him at risk of incriminating himself as ASIC probes the transaction.
Trainee doctors not entitled to allowance for temp staff, NSW court says
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A NSW Industrial Court judge has dismissed a case on behalf of junior doctors seeking a 10 per cent allowance for temporary employees, saying while the doctors were on fixed-term contracts they were permanent employees.
Mastercard doc privileged despite ‘inadvertent’ disclosure during Baker McKenzie review
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A judge has found that Mastercard can maintain legal professional privilege over a document that was inadvertently sent to the ACCC in 2020 after lawyers at Baker McKenzie had to review 100,000 documents in less than two months.
Court rejects ‘entirely unwarranted’ attack on Allens solicitors in fight over lift IP
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A court has dismissed a lift supplier’s appeal of a decision rejecting its claim of breach of confidence against a rival, including an “entirely unwarranted” attack on solicitors at Allens over the use of documents obtained by “internet-savvy” search techniques.
ALS waived privilege over parts of McGrathNicol report in coal testing spat: court
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Testing lab ALS Limited has partially lost its bid to shield a forensic investigation by McGrathNicol in relation to claims of exaggerated coal testing results, with a judge finding it sought to use the findings to dissuade regulators and others from bringing claims.
Supersized? Judge wants to know value of McDonald’s class action claims
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A judge overseeing a class action on behalf of 300,000 allegedly underpaid McDonald’s workers wants to know the monetary value of the claims, while also questioning why the initial trial in the complex case is set to run for 35 days.
Clough appeals stay of $54M cross-claim in EnergyConnect spat with Elecnor
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Engineering firm Clough Projects Australia is challenging a judge’s order staying its $54 million cross-claim against former Energy Connection joint venture partner Elecnor.