Payments processing company EML has agreed to pay $37.3 million to settle a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.
Brookfield Asset Management has agreed to sell retirement home operator Aveo for $3.85 billion in what’s been touted as the largest-ever direct real estate transactions in Australia.
ASX-listed Investment manager Regal Partners has acquired 50 per cent of real estate investment platform Ark Capital Partners, as well as a five-star luxury hotel in Adelaide for $75 million.
Builder Richard Crookes has won a contract to rebuild the historic Powerhouse Museum, with two museum buildings found to have unsafe steel structures that will need to be replaced.
Allens has represented a renewable energy joint venture between infrastructure investor Igneo Infrastructure Partners and developer CleanPeak Energy in securing financing.
Fawkner Property Group has acquired a shopping centre in Far North Queensland for $34 million, its third recent shopping centre purchase in the region.
A judge has awarded former ABC presenter Antoinette Lattouf $70,000 in compensation after finding the national broadcaster unlawfully terminated her employment because of her opposition to the Israeli military campaign in Gaza.
A judge has dismissed applications by mortgage broker Lendi Group and insurer ALI Group to declass a group proceeding over allegedly worthless mortgage insurance, saying it would be more efficient for the claims to advance as a class action.
Nine has argued a contempt bid by intervenors in Antoinette Latouff’s dismissal suit against the ABC is “doomed” given the articles at issue were published a year before a suppression order was made.