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Fonterra may face a class action for allegedly underpaying lab technicians since 2018, as the dairy co-op seeks to offload its Australian food unit.
Privilege waiver over Clifford Chance email doesn’t open door to discovery: court
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An email to lawyers at Clifford Chance relied on to show investor Fiona Lock’s understanding of a contested $150 million profit sharing deal with trading platform Pepperstone did not open the door to further correspondence.
John Pesutto hit with bankruptcy notice over $2.3M defamation costs
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Former Victorian Liberal Party leader John Pesutto has been hit with a bankruptcy notice after failing to pay $2.3 million in costs in MP Moira Deeming’s defamation suit over statements implying she had links to neo-Nazis.
IAG denies claims in loyalty discounts class action
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Insurance Australia Limited and Insurance Manufacturers of Australia have denied a class action’s claims that they misled insurance customers about loyalty discounts by calculating their premiums using an algorithm designed to maximise renewals.
Roberts Co owes creditors $100M, as founder floats possible DOCA
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Construction group Roberts Co owes unsecured creditors almost $100 million, a court has been told as administrators secure more time for the builder’s founder to pitch a restructuring deal.
In loss for off-the-plan buyers, court finds Castle Group can proceed with Sydney land sale
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Developer Castle Group can move ahead with its purchase of a block of land in south west Sydney, with a court finding that purchasers of off-the-plan lots have no present interest that can defeat Castle’s right.
Cladding case by Infinity apartment owners not ‘without merit’: tribunal
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Although Meriton’s contractor prevailed in a cladding spat over Brisbane’s Infinity Tower, the owners corporation’s arguments were not at all stages “without merit”, a QCAT member has said in declining to award the builder its costs.
Government takes steps to advance two WA wind farms
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The federal government has taken steps towards granting feasibility licenses for two offshore wind farm projects in Western Australia.
Madigan Capital closes $625M deal for Western Sydney industrial estate
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Real estate debt asset manager Madigan Capital has closed a $625 million loan to fund the development of a 580,000sqm industrial estate in Western Sydney.
Settlement reached in class action over Melbourne development
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Investors who alleges they were misled about a Melbourne apartment development have reached a $2.5 million settlement in class action proceedings.