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AIG reaches settlement in Linchpin investor class action
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.
CIMIC class action wins court nod for $45.25M settlement
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.
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Aspen Group pays $32M for Albemarle site in Australind, WA
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, Kramer Levin join forces in landmark law firm merger
Herbert Smith Freehills and NY-based Kramer Levin have merged to form a world-first transatlantic and transpacific law firm.
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Hastie liquidators get court OK to fund cases against Hall & Wilcox
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.
Developer Mayfield loses appeal in competition case over NSW Ports deal
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.
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Owners of lux waterfront Northbridge home can’t dodge invoices by builder
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.
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AVID wins approval for 300-home Waterford development in NSW’s Hunter Valley
AVID Residential has secured approval for a 300-lot development in Chisholm, NSW, following an appeal of a deemed refusal by the Maitland City Council.
Allianz’s $170M class action settlement OK’d, law firms to pocket $42.5M
A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
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Transport for NSW can’t get High Court to clarify scope of land acquisition law
The High Court has refused special leave to Transport for NSW to weigh in on a dispute over the value of land acquired near the Western Sydney Airport.