Plus500 can’t shut down class action in favour of arbitration

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Plus500 has lost its bid to permanently stay a class action by investors who lost money trading in highly leveraged financial products, with a court finding that the arbitration clause relied on by the online trader was unfair and void.

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Liquidators of collapsed developer FSM can’t access Ray White, KWM emails

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The liquidators of a defunct developer FSM have lost their bid to access unredacted copies of emails between Ray White Capital and King & Wood Mallesons.

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Qube sells stake in Beveridge Intermodal Precinct for $100M profit

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Logistics giant Qube has shed its interest in a 202-hectare property at Beveridge in Melbourne’s north to Hong Kong-based asset manager C Capital for $111 million.

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Publisher says harassment claims against JLL exec substantially true

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The publisher of The Australian has hit back at a defamation case by a former JLL executive, saying it was substantially true that he fondled a drunk junior female colleague’s breast at a strip club. 

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Court finds loss on Spring Square project can’t be set off against $2.8M liability

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A judge has rejected a bid by the director and general manager of an aluminium windows and doors company to set off a $2.6 million loss from a Spring Square project against a $2.8 million liability.

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Court approves $6.8M settlement in train derailment class action

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A court has signed off on a $6.8 million settlement in a class action against a Queensland trucking company on behalf of owners of cargo on a freight train derailed by a truck at a level crossing.

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