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A UK-based litigation funder has been hit with a lawsuit by its Australian director and head of origination claiming dismissal in breach of the Fair Work Act.
The litigation funder behind a class action against engineering firm CIMIC took a $4.7 million hit to its commission from a settlement after a dispute with the plaintiff's law firm, according to a decision published Friday.
Two NSW Liberal Party members have brought a class action after party officials failed to lodge their nomination forms for local government seats in the 2024 elections.
A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.
A judge has approved a $45.25 million settlement in a shareholder class action against engineering firm CIMIC over disclosures relating to its Middle East business.
Construction PRO
Affordable housing developer Aspen Group has entered into a conditional contract with lithium giant Albemarle Corporation to buy a 18 hectare accommodation complex in Australind, Western Australia.
Herbert Smith Freehills and NY-based Kramer Levin have merged to form a world-first transatlantic and transpacific law firm.
Construction PRO
Hastie's special purpose liquidators have won court approval to enter into a further funding agreement as it pursues cases against Hall & Wilcox, which previously represented the collapsed engineering firm.
An appeals court has dismissed a competition case by Mayfield Development against NSW Ports over agreements to privatise two ports, finding that derivative Crown immunity applied to the port authority.
Construction PRO
The owners of a luxury property in Sydney's Northbridge owe the home's high-end builder payment of oustanding invoices, after a judge rejected as "absurd" the couple's construction of a special condition in their contract.