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The corporate regulator has brought action against three companies in Sanjeev Gupta’s steel empire, alleging the businesses have defaulted on their obligations to lodge annual financial reports.
Hallucinations persist, but AI leaps ahead on legal questions: report
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A leading law firm has found general purpose large language models continue to incorrectly cite legal cases and make up cases entirely, despite marked improvements in answering legal questions.
ACT seeks early hearing on covenant breach in public housing class action
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The ACT government is pushing for an initial trial dealing with “gateway questions” in a class action over alleged forced relocations of public housing tenants, after it lost a bid to summarily dismiss the case.
Banksia mastermind to pay $10M to group members, despite $70M in assets
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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
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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
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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
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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
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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
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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
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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.