A judge has approved a $43 million settlement in a class action action alleging Noumi misled investors about its inventory, including a 22 per cent group costs order to be split between the two law firms that ran the case.
Developer Geocon has lost its bid to strike out claims in a case over Canberra’s Infinity Towers that it breached statutory warranties, with a judge saying it was a difficult legal issue best left for trial.
Centuria Capital Group has divested an office block in Sydney’s southern suburbs for $116 million after holding it for nine years.
Liquidators of Snowdon Developments have brought proceedings against building suppliers to claw back more than $2 million in payments they say were made while the Victorian developer was insolvent.
An activist group which unsuccessfully challenged the government’s approval of a wind farm in North Queensland because of its effects on rare birds has lost its bid to dodge costs on public interest grounds, with a judge saying both sides sought to advance the public interest.
In a first, the federal government has filed proceedings against a foreign investor and its former associate for alleged non-compliance with orders to divest their interests in rare minerals miner Northern Minerals.
Companies in Sanjeev Gupta’s steel empire, including the collapsed owner of Whyalla Steelworks, has been hit with action for allegedly failing to lodge annual reports with ASIC.
A class action over allegedly illegal ‘social casino’ apps is fighting gaming giant Aristocrat’s bid to question group members about whether they are problem gamblers ahead of mediation, arguing the “unfair” exercise could invite vulnerable members to self-diagnose.
The competition watchdog has brought proceedings accusing Australian Gas Networks of greenwashing by running ads containing unqualified statements that renewable gas will be available to households within a generation.
Popular Swiss sports shoe maker On Clouds has filed proceedings in the Federal Court after its opposition to the registration of sustainable footwear brand Cyclonic’s trade mark failed.
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