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IC Markets has prevailed in a fight with the applicant in a class action against the brokerage firm, which sought to personalise a notice to group members advising them of the case.
‘Clearly untenable’: Court tosses CPB Contractor’s $63M disruption delay costs claim
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A judge has struck out builder CPB Contractor’s “clearly untenable” claim against Transport for NSW for $63 million in delay costs for work on the Pacific Highway upgrade.
Knowmore Legal suffers preliminary loss in negligence case
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A judge has handed Knowmore Legal an early loss in a negligence case by a former client, finding the client was barred from bringing further sexual abuse claims by accepting an offer under the national redress scheme.
Class action gets hands on Phoslock docs produced in AFP probe of China operations
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Phoslock Environmental Technologies, which has produced hundreds of thousands of documents to federal police as part of an investigation of the company’s China operations, must hand over the bundle to a class action.
‘Disgraceful’: Court hits Open4Sale directors with $2.8M penalties
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Open4Sale Global’s directors have been penalised $2.6 million for breaching disclosure laws in raising money from investors, who were labelled “a bunch of idiots” by the company’s boss.
SocGen hit with $3.88M fine for market gatekeeper failures
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French bank Societe Generale has been hit with a $3.88 million fine for allowing two clients to place suspicious orders on the electricity and wheat futures market, following an investigation by ASIC.
OneSteel’s administrators win case over Whyalla port infrastructure
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A GFG subsidiary has lost its cross-claim in a battle with OneSteel’s administrators over infrastructure assets at South Australia’s Whyalla port, which is used to export the state’s iron ore.
Government pledges $3.8B for Marinus Link project
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In its largest ever investment, the federal government’s Clean Energy Finance Corporation has pledged $2.8 billion for the Marinus Link project to build a second underwater cable between Victoria and Tasmania.
Global Capital liquidators expand case over $50M development
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The liquidators of real estate investment company Global Capital Property Fund have expanded their suit alleging breaches of fiduciary duties in relation to a $50 million Queensland development, adding special purpose vehicles for several developments in Victoria.
Mobile crane cartel affected Sydney infrastructure projects: ACCC
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The ACCC has taken Sydney’s four largest mobile crane companies and four of their senior executives to court for allegedly engaging in cartel conduct by agreeing not to supply cranes to certain customers or construction sites.