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Payments processing company EML has agreed to pay $37.3 million to settle a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.
Brookfield to sell Aveo to Scape in $3.85B deal
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Brookfield Asset Management has agreed to sell retirement home operator Aveo for $3.85 billion in what’s been touted as the largest-ever direct real estate transactions in Australia.
Regal Partners acquires 50% of Ark Capital, buys $75M luxury hotel
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ASX-listed Investment manager Regal Partners has acquired 50 per cent of real estate investment platform Ark Capital Partners, as well as a five-star luxury hotel in Adelaide for $75 million.
Richard Crookes awarded contract for $300M Powerhouse Museum revamp
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Builder Richard Crookes has won a contract to rebuild the historic Powerhouse Museum, with two museum buildings found to have unsafe steel structures that will need to be replaced.
Igneo, CleanPeak renewable energy joint venture secures financing
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Allens has represented a renewable energy joint venture between infrastructure investor Igneo Infrastructure Partners and developer CleanPeak Energy in securing financing.
Clifton Village Shopping Centre sold for $34M
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Fawkner Property Group has acquired a shopping centre in Far North Queensland for $34 million, its third recent shopping centre purchase in the region.
Antoinette Lattouf wins $70,000 in unfair dismissal case against ABC
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A judge has awarded former ABC presenter Antoinette Lattouf $70,000 in compensation after finding the national broadcaster unlawfully terminated her employment because of her opposition to the Israeli military campaign in Gaza.
Judge rejects bid to declass ‘junk’ insurance class action
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A judge has dismissed applications by mortgage broker Lendi Group and insurer ALI Group to declass a group proceeding over allegedly worthless mortgage insurance, saying it would be more efficient for the claims to advance as a class action.
Nine says contempt bid against lawyers, journalists ‘doomed’
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Nine has argued a contempt bid by intervenors in Antoinette Latouff’s dismissal suit against the ABC is “doomed” given the articles at issue were published a year before a suppression order was made.
ACCC targets Dendy Cinema for ‘drip’ pricing
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Dendy Cinema has paid a $19,800 penalty after the ACCC alleged it failed to prominently display the total price for movie tickets sold online at the earliest point in the sale process, a practice known as ‘drip’ pricing.