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A shareholder class action over BHP’s disclosures about a Brazilian dam that collapsed 10 years ago has settled for $110 million on the eve of trial, one of a handful of class actions to settle for over $100 million.
Harvey Norman faces class action over ‘interest free’ ads
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Homegoods retailer Harvey Norman is facing a class action by customers who paid more than they bargained for after being enticed by ‘interest free’ ads which the Federal Court has found to be misleading.
‘Inordinate and disproportionate’: Judge slams ASIC’s case against lender Money3
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A judge has rejected all but two claims by ASIC in a suit against car finance provider Money3 and criticised how the regulator ran its case, saying it had consumed an “inordinate and disproportionate amount of the judicial and administrative resources of the court”.
Building materials giant CSR hits back at competition case over COVID-19 price increases
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Saint Gobain-owned CSR has hit back at building insulation distributor Consolidated Energy’s claims it engaged in anti-competitive conduct by increasing its prices during COVID-19, saying the cost increases were due to events beyond its control.
Declassing bid fails in class action over ‘cookie cutter’ legal advice
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The peak body for community legal centres has lost its bid to declass a class action alleging survivors of institutional child sexual abuse who settled their claims under the National Redress Scheme were given negligent ‘cookie cutter’ legal advice.
Developer can exit cladding class action to bring $15M case against Halifax
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Sydney developer Tiptell has won its bid to exit a combustible cladding class action against 3A Composites and Halifax to bring its own claim for $15 million.
Growthbuilt hits back at $92M claim over Darlinghurst development
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Builder Growthbuilt has struck back in a $91.7 million lawsuit over the Oxford & Foley mixed use development in Darlinghurst, Sydney, claiming the project’s financier failed to act in good faith and pointing the finger at its subcontractors.
John Holland venture, Acciona shortlisted for Wyaralong water treatment plant
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Seqwater has revealed the contractors shortlisted to run in a two-horse race to win the contract to design and build the Wyaralong water treatment plant in south east Queensland.
Fortis snaps up Brisbane site for $37.5M for planned residential development
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Sydney developer Fortis has snapped up a vacant site in Brisbane for $37.5 million for a planned residential development.
Property Council blames Victoria land tax for student housing bottleneck
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Victoria’s student housing pipeline has surpassed NSW, but most projects are still at the approval stage, according to a Property Council report which expressed concerns the state’s land taxes are slowing development.