Ross Foreman

A fight over the sale of Dexus' shares in Melbourne Airport operator APAC “may well” go to the High Court, a judge said Friday, as the infrastructure asset manager tells the court the sale may be in the “many billions of dollars".

Dexus is challenging the costs claimed by its opponents in a case over the sale of shares in Melbourne Airport operator APAC, calling out billed items that include after hours Uber Eats charges. 

A judge overseeing a shareholder class action over the collapse of fund manager Blue Sky will explore how artificial intelligence can be used to reduce costs in the case, which have already reached $20 million.

A Dentons client that paid $45 million for an 82-hectare Denham Court property that was only worth $10.8 million, in what a judge called a "brazen fraud", has sued the law firm for professional negligence.

A judge has questioned the level of detail in a 1,700-page proposed amended pleading in a shareholder class action over the collapse of fund manager Blue Sky, expressing "frustration" at the amount of unnecessary work that goes on in class actions.

A judge has refused a bid by the director of property developer Vantager to stay orders to sell his property while he appeals a decision finding him liable for a “brazen fraud” after a $45 million sale was negotiated for a Denham Court property that was only worth $10.8 million. 

Developer Vantager has been ordered to sell off six properties to satisfy a judgment debt and compensate buyers who overpaid for a Denham Court property by more than $34 million due to what the court called the developer's "brazen fraud and dishonesty". 

A law firm partner working on a shareholder class action over the collapse of Blue Sky Alternative Investments has faced cross-examination by counsel for auditor EY over alleged delays in seeking to amend the case.

The managing director of the Australian arm of property developer Arada has lost his bid to bar a vote on his termination as he and the group's CEO sling allegations of misconduct and dishonesty. 

The shareholder leading a class action against failed fund manager Blue Sky Alternative Investments has lost a bid for a split trial it accepted was novel, despite arguing the usual course for trials in securities cases was "misconceived".