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The trustee for super fund Cbus has agreed to pay a $23.5 penalty after admitting liability in the corporate regulator’s case over excessive delays in processing $20 million in death and disability claims.
Sydney developer sues Fairfax for defamation over arson story
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The owner of Sydney developer Coronation Property has sued Fairfax for defamation over a Sydney Morning Herald story that allegedly linked him to arson attacks on two childcare centres and the home of YouTuber Jordan Shanks.
Court approves $8.7M settlement in Exactech class action
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A judge has approved a “modest” $8.7 million settlement in a class action against medical device maker Exactech over allegedly defective joint replacements, saying the settlement was fair and reasonable given the limited assets of the company, whose parent has filed for bankruptcy in the US.
Nielsen exec claims unfair dismissal after husband’s axing, can’t get job back
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A former managing director of ratings agency Nielsen, who alleges she was unfairly dismissed after her husband was fired from the company, has lost her bid to be temporarily reinstated.
ASIC blitz targets Shield, First Guardian advisers, research firm
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The corporate cop has launched two new cases and sought approval to bring a third action over financial advice that led customers to sink hundreds of millions of dollars in retirement savings into the failed Shield and First Guardian investment funds.
Mayne wins breathing room in fight to get Cosette merger over the line
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Mayne Pharma has secured an extension of the deadline for securing Foreign Investment Review Board approval of its $672 million tie-up with US drug maker Cosette.
Dexus must hand over data room Q&A in spat with Melbourne Airport operator
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Airport operator APAC has won access to Q&A logs in a data room set up by shareholder Dexus for prospective buyers, in a dispute over whether the real estate asset manager breached a confidentiality deed.
UN appointee wants in on cases over Woodside North West Shelf extension
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A United Nations special rapporteur has sought to intervene in three Federal Court cases opposing the federal environment minister’s decision to approve gas giant Woodside’s North West Shelf extension.
Lendlease locks down $3B in new construction work
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Lendlease has secured $3 billion in new construction work in recent months, the company told investors on Friday.
NVIDIA-backed Firmus raises $500M for AI infrastructure project
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NVIDIA-backed start-up Firmus has raised $500 million to drive the next stage of its $6 billion nationwide green AI infrastructure project, Project Southgate.