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Class action settlements hit major milestones last year, with the year’s largest settlements totalling $1.6 billion and one case resolving for a historic $548.5 million.
St Kilda high-rise owners lose adverse possession claim over tennis court
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The owners corporation for an apartment complex in the Melbourne suburb of St Kilda has lost its adverse possession claim over a tennis court mostly located on adjoining land, with a judge finding their use of the property was subject to a lease.
Monadelphous scores $110M contract with BW Offshore
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Monadelphous Group has won a $110 million contract with offshore engineer BW Opal to provide maintenance services at a facility off the coast of Darwin.
Bruce Lehrmann launches High Court appeal in defamation case
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Former political staffer Bruce Lehrmann has taken his fight against a civil finding that he raped colleague Brittany Higgins to the High Court.
Leda Constructions loses bid for injunction in fight over $4M contract
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Builder Leda Constructions has lost its bid for injunctions that would prevent the principal in a $4 million building contract from calling on two bank guarantees worth $101,553 each.
Cudeco class action judge ‘extremely concerned’ about evidence delays
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Pointing to a pattern of non-compliance with his orders, a judge hearing a shareholder class action over the collapse of mining company Cudeco has expressed concerns about “significant” delays in the case.
Judge rails against ChatGPT use by former Neometals exec
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The judge overseeing a whistleblower suit by the former head of recycling at Neometals has chastised the executive for using ChatGPT to prepare an unsuccessful stay application.
New merger review regime takes effect, with last-minute changes
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Reforms to Australia’s merger review regime kicked in on 1 January, but late-breaking amendments to the new laws mean changes to notification thresholds and further exemptions.
WiseTech to sell off Expedient Software amid ACCC concerns
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WiseTech has agreed to divest logistics software company Expedient, which the ACCC said the Richard White-founded company acquired before the regulator had completed its competition review.
Australian Unity hit with $7M penalty for failing to properly vet investors
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A judge has ordered Australian Unity to pay a $7.1 million penalty in ASIC proceedings alleging it pumped more than $9.5 million into a risky mortgage scheme without properly vetting investors.