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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.
ANZ flex commissions class action asks court not to disturb GCO
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The plaintiff in a flex commissions class action against ANZ has asked the court to approve a $85 million settlement, including a 24.5 per cent group costs order, citing the “considerable risk” involved in running the case.
Class action funder Woodsford denies sex discrimination claims by ex-director
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Litigation funder Woodsford has responded to a former female director’s sex and age discrimination lawsuit, denying the claims and seeking dismissal of the case.
‘An order is an order’: Judge scolds ASIC for failing to file defence in Palmer case
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A lawyer for the Australian Securities and Investments Commission has been grilled by a Federal Court judge for failing to file a defence in Clive Palmer’s case against the corporate watchdog.
High Court won’t hear Dominique Grubisa’s appeal
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The High Court has rejected a special leave application by wealth guru Dominque Grubisa seeking to overturn a finding that she had actual knowledge that statements made by her company DG Institute to students who enrolled in her courses were misleading.