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Origin Energy has been hit with a class action alleging it breached its continuous disclosure obligations and misled the market in its earnings guidance for the 2022 and 2023 financial years.
A judge has approved a $20 million settlement in a class action against NAB, despite initial concerns about the “moral hazard” of paying fees incurred by the applicant's former lawyers to prepare “sub-optimal pleadings”.
Construction PRO
An appeals court has found water infrastructure investor Conexa liable to pay land duty on a $46 million Sydney pipeline it acquired as part of a blockbuster deal with Rosehill.
A Melbourne doctor has lost his defamation suit over negative online reviews, with a judge saying she was not convinced the “spleen venting reviews” damaged his business or caused serious harm to his reputation.
Mining giant Glencore has sued the operator of the Port of Newcastle over shipping fees, alleging it has been overcharged over $800,000 after the port authority disregarded a determination by the competition watchdog.
BHP has asked for more time to grapple with a shareholder class action’s amended pleading, saying the changes, if allowed, threaten to derail the trial start date in September.
Construction PRO
The Douglas Menzies Chambers in Melbourne’s CBD is expected to fetch $25 million, as the iconic legal offices are opened up for sale for the first time in over 30 years.
The trustee for iconic Aussie pop band Men at Work wants a court's guidance on who it should be making royalty payments to, after guitarist Ron Strykert contested an agreement he signed.
A court has found that Telstra misled almost 9,000 residential broadband customers about the upload speeds of its budget internet provider Belong.