Class Actions

Class action firms circle NextDC over 42% share price plunge

A third law firm is investigating a potential class action against AI infrastructure company NextDC after it revealed delays in grid supply to its M3 data centre in Melbourne and slashed $140 million from its forecast earnings.

Transportation & Infrastructure

Dexus to challenge $30M costs as part of APAC shareholder breach appeal

Infrastructure fund manager Dexus is adding last month's $30 million costs ruling to its appeal of a decision that found it committed an irremediable breach of APAC's shareholder deed.

Employment

Victoria Police facing slew of bullying, harassment claims

Victoria Police may face a slew of lawsuits by former police officers over alleged workplace bullying, harassment and sexual harassment.

Intellectual Property

LTR Pharma builds patent portfolio for Spontan, Roxus

ASX-listed LTR Pharma has secured patent protection in India for its intranasal Spontan and Roxus treatments, advancing its international intellectual property portfolio for the medications.

Competition & Consumer Protection

In fight over Kalgoorlie site, Coles says ACCC not arbiter of consumer choice

Independent supermarkets should not be insulated from the effects of competition by the ACCC, Coles has told a tribunal as it challenges the watchdog's rejection of its proposed acquisition of a Kalgoorlie supermarket site.

Employment

BHP tells Full Court workers responsible for exercising public holiday rights

BHP's labour hire subsidiary has told the Full Court that it was up to employees to exercise their right under the Fair Work Act to refuse to work on public holidays, as it defends a class action brought on behalf of up to 7,000 former employees.

Class Actions

Brambles says mediation ‘waste of time’ while shareholder class action win appealed

Brambles has asked a judge to put off quantification of group members' claims as it challenges its loss in a shareholder class action and told the court that settlement talks would be a “waste of time and resources”.

Real Estate

Government reverses course on sale of Victoria Barracks in Sydney

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Financial Services

ASIC makes stop orders against Bathla lender Angas Securities

The corporate regulator has made interim orders barring Angas Securities from offering two managed investment schemes holding $114 million, raising concerns that it failed to disclose its exposure to collapsed developer Bathla Group.

Transportation & Infrastructure

No NextDC takeover plans but Goodman, Digital Realty looking for ‘collaboration’

Goodman Group and Digital Realty have told the market they have no present intention to make a takeover bid for NextDC, after forming a joint venture to secure a 9.9 per cent shareholding in the AI data centre player.

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