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A judge who was previously the head of class actions at Maurice Blackburn has questioned a bid by Fletcher Building that he recuse himself from presiding over a shareholder case against the construction company.
Group members to get half of $42.25M CIMIC class action settlement
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Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.
Council loses opposition to ‘menacing’ development near Sydney coastal walk
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An advertising exec has won the green light to build a two-storey residence on Sydney’s Tamarama headland, despite the council’s concerns that ten stone “cocoon” structures will “loom over” the iconic Bondi to Bronte coastal walk.
Sydney Water accused of misleading conduct in $347M compulsory land acquisition
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The former owner of 28 hectares of land in Western Sydney has sued Sydney Water, alleging it deliberately sought to prevent the sale of the property on the open market and disputing a $347 million valuation.
Schiphol ups stake in Brisbane Airport ahead of Olympics
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Dutch airport operator Schiphol has upped its shareholding in Brisbane Airport ahead of the 2032 Olympic Games, guaranteeing itself a second board seat.
Corrs steers complex $1B Stockland acquisition of 12 Lendlease communities
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Corrs Chambers Westgrath helped get Stockland’s complex $1.06 billion acquisition of a dozen masterplanned community from Lendlease over the line late last year.
Telstra cops $394,000 penalty for NBN speed testing failures
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Telstra has paid a $394,380 penalty for shirking its obligation to check internet speeds when migrating customers to the NBN.
Ultra Tune loses appeal of record $1.5M fine for contempt
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Ultra Tune has lost its appeal of a record $1.5 million fine for contempt after it failed to follow a court-ordered compliance program in proceedings brought by the consumer watchdog.
Court rejects ‘trawling exercise’ ahead of Waller Legal negligence trial
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The plaintiff in a negligence case against Waller Legal has failed in his last-minute call to vacate the trial to obtain more documents, an exercise a judge said would “make a mockery of the Civil Procedure Act”.
Sydney’s Westpoint Shopping Centre sells for record $900M
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Westpoint Shopping Centre in Western Sydney has been sold for $900 million, in Australia’s largest individual retail asset transaction.