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A class action against CMC Markets has won access to data thought to reveal that approximately 2,500 customers who failed screening tests for risky financial products were nevertheless permitted to trade.
Court tosses client’s ‘indefensible’ case against lawyers after fourth repleading
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A court has dismissed a client’s attempt to join Kheir Lawyers to an action against Shine Lawyers, after the application — repleaded for a fourth time — remained “indefensible”.
Ashurst moves into new digs at 39 Martin Place in Sydney
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Ashurst has relocated its Sydney office to 39 Martin Place, creating a work space across eight sprawling floors that features flexible and collaborative work arrangement and dedicated client floors.
Builder Watpac hit with $3.5M suit over Werribee sports centre leaks
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Watpac faces a lawsuit by Wyndham City Council over alleged leaks from the roof of the redesigned Werribee Sports and Fitness Centre, which it says cost $3.5 million to fix.
Siemens sued by AGL over $70M generator outage at Loy Yang
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AGL has sued Siemens for damages stemming from a generator outage at its coal-fired power station in Victoria’s LaTrobe Valley, which the energy company said at the time had resulted in a $70 million profit hit.
Abacus Storage Kings rejects $1.9B takeover offer
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Abacus Storage Kings has rejected a $1.9 billion takeover offer from a consortium of Ki Corporation, the family office of South African businessman Nathan Kirsh, and New York Stock Exchange-listed Public Storage.
KWM-repped Dyno Nobel sells Gibson Island site for $194M
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Explosives company Dyno Nobel has entered into a $194 million contract to divest land on Gibson Island in Brisbane, reportedly selling the site to property investment giant Goodman Group.
Ampol to divest Australia, NZ retail electricity businesses
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Petrol giant Ampol has announced it is exiting the retail electricity market in Australia and New Zealand, divesting its assets to AGL and Meridian to direct its focus towards electric vehicle charging and renewable fuels.
Law firm loses spat with client over agreement to cap fees
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A law firm has lost a row with a former client over a pact to cap fees at $100,000, with a judge rejecting its claim the agreement was not binding.
Clyde & Co nabs Kennedys insurance expert to grow casualty claims practice
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A personal injury and insurance expert from Kennedys has joined Clyde & Co’s partnership in Brisbane.