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Origin faces shareholder class action over energy markets guidance
Class Actions 2025-02-26 11:51 pm By Sam Matthews

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.

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$20M settlement in NAB class action OK’d despite concerns over lawyers’ fees
Class Actions 2025-02-26 10:14 pm By Sam Matthews

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”.

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Steller Developments liquidator loses $102M suit against ex-directors
Construction 2025-02-27 11:49 pm By Cindy Cameronne

Collapsed Melbourne developer Steller has failed to convince a court that its founders and two former directors owe $101.9 million, with a judge rejecting claims that they personally guaranteed the company’s debt.

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Pipeline acquired by Conexa in $74.7M deal is taxable ‘land’: appeals court
Justice Anthony Payne 2025-02-27 4:31 pm By Sam Matthews

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.

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Developers’ email agreement on $1.3M loan not binding: appeals court
Chief Justice Andrew Bell 2025-02-27 11:18 pm By Julia Kanapathippillai

An appeals court has tossed a challenge to a judge’s decision that found a property developer was required to return a $1.3 million loan, despite finding the judge erred in holding enforceable an agreement reached over email.

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Court rejects NAB super trustee’s bid for first-ever class action indemnity costs
Class Actions 2025-02-26 4:38 pm By Cindy Cameronne

A court has refused to order the applicant in a failed class action against NULIS Nominees to pay indemnity costs, but has confirmed that so-called Calderbank offers can operate in group proceedings.

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Quintis misled the market, but class action’s loss narrative lost the case
Class Actions 2025-02-25 11:50 pm By Christine Caulfield

In tossing the sixth securities class action to go to trial in recent years, a Federal Court judge has shown the task of proving shareholder loss is a doozy.

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Perth magistrate loses legal challenge to move from Children’s Court
Courts 2025-02-26 11:11 pm By Andy Sidler

A Perth magistrate who wanted to sit solely on the Children’s Court has had her challenge knocked back again on appeal, with the Full Court finding court heads can allocate magistrates as necessary. 

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One Central Park apartment owners sue Frasers over planter boxes
Construction 2025-02-26 4:16 pm By Cindy Cameronne

Apartment owners at Sydney’s $2 billion One Central Park have sued Frasers Property over 1,750 planter boxes they say are detaching from the two towers and contain combustible material.

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Glencore sues Port of Newcastle over wharf charges
Competition & Consumer Protection 2025-02-25 11:13 pm By Sam Matthews

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.

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