A real estate agency in Victoria has lost a suit seeking the payment of its advertising costs from a former client, with a judge finding that writing ‘TBA’ in the contract defeated the consumer protection purpose of rules for real estate agents.
Private equity firm Goldstone has lost its bid to disqualify a judge from a damages hearing after he found it liable for shareholder oppression of its managing director.
The funder of a class action over the Morrison government’s Robodebt scheme will seek a 15 per cent commission at an upcoming settlement approval hearing, a court has heard, after the case settled for a record $548.5 million.
Alinta Energy has won an urgent injunction against former contractors working on the Wagerup power station in Western Australia, saying delays on the project have caused daily losses of $137,000 in revenue since mid-July.
JB Hi-Fi has lost its bid for soft class closure orders in a class action on behalf of eight million customers, with a judge finding it would likely lead to conflicts of interest and a “post-settlement wave” of late registrations.
The owner of Perth’s Eastpoint Plaza has denied infringing the copyright for office suite drawings by design firm HUB Interiors, saying the firm provided it with a licence and knew the plans might form part of its leasing arrangements with tenants.
A judge has criticised the liquidators of a collapsed luxury homes business for a three-month delay in seeking court approval for a litigation funding agreement, warning other liquidators that they should apply for funding in advance.
The Australian Competition and Consumer Commission has cleared the way for ASX-listed Cuscal’s to acquire payment facilitation supplier Indue, saying it was unlikely to substantially lessen competition.
ASIC wants an injunction against a financial adviser whose “honey pot” marketing allegedly led to 6,000 clients pumping over $520 million into the collapsed Shield and First Guardian funds.
Airport operator Australia Pacific Airports Corporation has won its bid to delay an upcoming trial in a dispute with Dexus over alleged breaches of a shareholder deed, after the real estate asset manager discovered 20,000 documents only last week.