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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.
Construction PRO
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.
Construction PRO
Hutchinson didn’t reach anti-competitive agreement with CFMEU: High Court
The High Court has found builder J Hutchinson did not arrive at an anti-competitive understanding with the CFMEU to boycott a subcontractor merely by succumbing to the threat of industrial action.
ASIC, Reserve Bank have ‘deep concerns’ about ASX after CHESS outage
ASX's management of operational risk that led to December's CHESS settlement outage has the corporate regulator and the Reserve Bank "increasingly concerned" and "deeply disappointed".
Super funds slammed for ‘unacceptable’ handling of death benefit claims
The corporate regulator has caned the super fund industry for its poor handling of death benefit claims it said had "devastating impacts" on members' grieving relatives.
Construction PRO
New Century’s ex-directors win legal privilege spat in royalty dispute
Former directors of New Century have won a dispute over a due diligence report prepared by Gilbert + Tobin in their litigation centred on royalty payments from a zinc mine in north-west Queensland.
Major data breach hits NSW courts portal, thousands of files downloaded
Cybercrime detectives are probing a major data breach of the NSW online court system, which exposed thousands of sensitive court files.
Construction PRO
PDG unveils plans for luxury Southbank tower at Queens Bridge
Property developer PDG has unveiled plans for a luxury tower to be built at the site of the Queens Bridge Hotel in Melbourne's Southbank.
Non-compete clauses to get ax for employees earning under $175,000
The Albanese government will ban non-compete clauses in employment contracts for workers earning salaries under the high-income threshold, saying the clauses were dragging down wages.
Lawyer accused of attempted blackmail wins round against Canberra firm
A lawyer accused of trying to blackmail personal injury firm Maliganis Edwards Johnson has won a challenge to an injunction, with a judge finding the blackmail allegation was more nuanced than conveyed by the Canberra firm.