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A judge has approved a $1.3 million settlement in a class action by investors in a Melbourne apartment development, despite reservations about the lion’s share going to the law firm that brought the case.
Faced with increasing problem, court puts law firm on hook for AI-hallucinated citations
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Referring to a “growing problem” noticed by the Federal Court, a judge has slapped a law firm in a native title case with costs for its use of artificial intelligence to generate false document citations.
Aqualand luxury tower loses challenge to $10.6M asset freeze
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A luxury Aqualand development in Milsons Point can’t undo a $10.6 million freezing order granted to the owners corporation to address the risk that funds would be unavailable to meet its claim for damages to remedy alleged defects.
Lendlease appeals loss in $120M Campbelltown land case
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Lendlease has filed an appeal after it failed in its bid to enforce a $120 million purchase agreement for five plots of land in Campbelltown, in a high-stakes challenge set to be heard later this year.
Realside sues property valuation firm over ‘excess’ rent on Adelaide mall
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Fund manager Realside and other leaseholders have launched proceedings against M3Property and a valuer, alleging tenants of Rundle Mall in Adelaide have been overcharged for rent since 2006 as a result of consistently flawed valuations.
Lendlease’s $500M One Darling Point development wins fast-track approval
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Lendlease’s $500 million residential project in Sydney’s eastern suburbs known as One Darling Point has secured development approval from the NSW government in just five months.
Allens-repped KKR scoops up farm infrastructure firm ProTen in $1.3B deal
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US private equity firm KKR will acquire agriculture infrastructure firm ProTen from superfund Aware Super, in a deal valued at around $1.3 billion.
Fortrend sues Shaw pair again, this time over payment demands
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Two Shaw & Partners advisers who won $580,000 in penalties and compensation against former employer Fortrend Securities face fresh litigation seeking to quash their demands for payment.
Fitness chain challenges ATO’s refusal of installment plan for $14.6M tax debt
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Derrimut Health and Fitness has challenged the Australian Taxation Office’s rejection of its bid to pay a $14.6 million tax debt in installments.
Vales Point coal plant owner manipulated electricity futures market, ASIC alleges
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ASIC has filed action against Delta Electricity, owner of the Vales Point coal-fired power station in NSW, alleging “deliberate and calculated” manipulation in the market for electricity futures contracts.