Cimic

Insurers have won a challenge to a declaration that engineering firm CIMIC could make claims under policies for costs arising from corruption cases, including a $32 million class action settlement.

Construction firm CIMIC has won its bid to view identifying information about institutional investors in a shareholder class action, despite the applicant’s claims it could deter group members from signing on to the case. 

UGL Limited has agreed to pay $438,000 to settle a class action accusing the engineering company of underpaying casual aluminium construction and manufacturing workers over a three year-period.

A judge has upheld two arbitration awards worth $52 million for German industrial manufacturing giant Siemens against CIMIC-connected BIC Contracting LLC over a contract to build a “people mover system” in Qatar.

In the wake of a landmark judgment that held class actions are not managed investment schemes, engineering giant UGL has given up its case against two unions that sought to block them from funding an underpayments class action.

A judge has slashed engineering services firm CIMIC Group’s ten insurance claims in half, finding that the company failed to notify five insurers of a handwritten document dubbed the “Iraq file note” in relation to its claims for coverage of costs arising from allegations it engaged in corrupt practices, including bribing Iraqi officials.

A judge has granted a bid by the operator of Sydney’s billion-dollar Lane Cove tunnel to add a new claim in the five-year-old dispute alleging the concrete lining used in construction was defective.

Engineering firm CIMIC has agreed to pay $492 million to settle a long-running dispute with JKC Australia over construction for the $45 billion Ichthys LNG project in the Northern Territory.

Engineering company UGL Limited has denied wrongdoing in a class action on behalf of casual aluminium construction and manufacturing workers who were allegedly underpaid for over three years, saying they were, in fact, overpaid.

Engineering services firm CIMIC Group has launched proceedings against ten insurers seeking indemnity for costs arising from allegations the company engaged in corrupt practices, including bribing government officials in Iraq.