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The Australian Securities and Investments Commission has launched action against Australian Unity, alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.
Shaw & Partners wins discovery for possible suit against advisor
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A judge has granted Shaw & Partners’ bid for preliminary discovery for a possible suit against an advisor that jumped ship to Solomons Wealth Management.
Settlement sum in Exactech class action revealed
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Medical device maker Exactech will pay $8.7 million to end a class action that alleges its joint replacement implants were defective.
Sydney Fish Market operator loses bid for stash of docs on new development
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After describing the $836 million project for a new Sydney Fish Market as “an architecturally designed death knell to the NSW seafood industry”, the market operator has mostly lost its application to make Infrastructure NSW hand over 100 project documents.
Roberts Co picked for Macquarie Steet hotel revamp
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While parts of the business have been placed in administration, Roberts Co has been selected as development manager and early contractor for a project on Sydney’s Macquarie Street.
FWO to seek default judgment against former CFMEU boss
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The Fair Work Ombudsman will seek default judgment against former CFMEU secretary John Setka, who has failed to engage with the regulator’s case alleging he attempted to get the former head of the construction industry regulator fired.
Corrs picks up trade expert from Norton Rose Fulbright
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Corrs Chambers Westgarth has recruited an arbitration and commercial partner from Norton Rose Fulbright to be the law firm’s new head of trade.
Law firm gave negligent advice to victim of historical abuse, court finds
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A judge has found that a Melbourne law firm gave negligent advice to the plaintiff in a historical sexual abuse case, which meant his “viable” claim for economic loss was never pursued.
Judge says after-hours payment claim served on Roberts Co valid
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Roberts Co will have to pay a $3.2 million payment claim served by subcontractor Sharvain Facades at 7:18pm on a Friday, after a judge found the claim was validly issued that day.
Kaloriziko $2M debt for Ryde development not offset by property deal, court finds
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A judge has rejected developer Kaloriziko’s claim that a property deal involving related parties extinguished a $2.12 million liability to a builder in relation to the construction of the ‘Sky Gardens’ residential development in Ryde, NSW.