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A court has slapped freezing orders against the sacked CEO of Sydney Markets, who is accused of misappropriating company funds to the tune of $1.4 million.
Court asked to sign off on class action settlement with gag clause
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A court will be asked to approve a confidential settlement in a class action on behalf of people who purchased off-the-plan homes in the Clydesdale Estate in north-west Sydney that includes a gag clause barring group members from making any public statements about the suit.
SOP Act not at odds with Australian Consumer Law, judge says
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A judge has found that Victoria’s SOP Act is not at odds with the Australian Consumer Law, refusing to set aside a $1.85 million adjudication determination in a dispute over a $38 million contract for a Glen Iris residential development.
Carlyle sets sights on Australia with renewables infrastructure platform
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US-based investment firm Carlyle has announced the launch of a clean energy infrastructure platform for the development of solar, battery storage and green hydrogen projects in Australia and the UK.
ABD Group liquidators win more time for $23M voidable transaction claims
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Liquidators of the ABD Group of construction companies have won a brief reprieve from the three-year limitation period to launch voidable transaction cases worth up to $23.2 million.
$7M suit over asbestos-tainted mulch in Sydney parks on ice pending criminal pleas
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A NSW Supreme Court judge has stayed civil proceedings relating to asbestos-contaminated mulch found in parks across Sydney amid ongoing criminal proceedings.
Boral expands Melbourne footprint with Wallan Concrete plant purchase
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Building materials giant Boral has acquired the Wallan Concrete plant 45km north of Melbourne’s CBD for an undisclosed sum, two months after its purchase of a Victorian sand producer.
Modco liquidators can pursue different unfair preferences claims in ‘mothership’ case
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The liquidators for defunct Perth builder Modco Residential have won court approval to bring claims for unfair preferences and unreasonable director-related transactions against multiple defendants in one “mothership” case.
EnergyAustralia admits carbon credits don’t undo harms of fossil fuels
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EnergyAustralia has admitted that its ‘Go Neutral’ carbon offset product did not prevent or reverse the harms associated with the burning of fossil fuels.
Software engineer resolves sex discrimination case against Xero
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An engineer who sued accounting software company Xero, alleging she was paid a lower salary than male colleagues, has resolved her case.