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Funder’s CEO told female director to ‘make way for thrusting young bucks’, suit says
The CEO of litigation funder Woodsford told a female director to swallow her "pride and ego" and make way for a younger, male collague, a new lawsuit claims.
CIMIC class action funder takes $4.7M haircut from commission
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.
Class action funder faces unfair dismissal suit by ex-director
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.
NSW Liberals lodge class action over council nomination debacle
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.
Construction PRO
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.
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.
Construction PRO
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.
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.
Construction PRO
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.