Please login to bookmark Close
Entities linked to the late solicitor Mark Elliott are set to pay $10 million to settle claims by Banksia class action members, despite a related company owning $70 million on trust, a court has heard.
Court approves $43M settlement, GCO in Noumi class action
Please login to bookmark Close
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.
Geocon can’t dodge statutory warranties claims in Infinity Towers defects suit
Please login to bookmark Close
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 divests South Eveleigh office block for $116M
Please login to bookmark Close
Centuria Capital Group has divested an office block in Sydney’s southern suburbs for $116 million after holding it for nine years.
Snowdon liquidators go after building suppliers for insolvent payments
Please login to bookmark Close
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.
Enviro group can’t dodge costs for failed challenge to wind farm
Please login to bookmark Close
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.
Investor in Northern Minerals faces court case over divestment orders
Please login to bookmark Close
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 of Sanjeev Gupta targeted over annual reports
Please login to bookmark Close
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.
Aristocrat group members shouldn’t be probed on problem gambling before mediation, court told
Please login to bookmark Close
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.
ACCC accuses Australian Gas Networks of greenwashing with ‘love gas’ ads
Please login to bookmark Close
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.