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Construction PRO
Sydney law firm must pay $427,000 in negligence suit over land sale
A judge has ordered a Sydney law firm to pay $427,000 to a former client after finding it drafted a defective notice in a land sale and defended proceedings that came about because of its own negligence.
Paladin Energy to face competing shareholder class actions
Uranium miner Paladin Energy is facing a second shareholder class action over alleged misleading disclosures to the market about expected production at its flagship uranium mine in Namibia.
Construction PRO
High Court asked to find mortgage was unreasonable director-related transaction
The liquidators of a company created to invest in a $2.2 million Adelaide property have asked the High Court to reinstate a judgment that found a mortgage that sent the company into liquidation was an unreasonable director-related transaction and could be voided. 
Court OKs settlement with gag clause in Marsden Park development class action
A judge has signed off on a confidential settlement in a class action over off-the-plan homes in a proposed north-west Sydney development, including a clause that prevents group members from making any public statements about the suit or disparaging the parties. 
Judge questions ‘problematic’ difference in preeminent class action firms’ rates
A judge has balked at Maurice Blackburn's hourly rates in a jointly run class action against Treasury Wine Estates, questioning why the firm charged 20 per cent more than fellow preeminent class action firm Slater & Gordon. 
$67M settlement reached in QSuper class action
A $67 million settlement has been reached in a class action alleging Queensland-based superannuation fund QSuper overcharged members for life insurance premiums.
TerraCom to pay $7.5M to settle ASIC’s whistleblower suit
Coal producer TerraCom has agreed to pay $7.5 million to resolve ASIC proceedings alleging it made misleading statement to the market that damaged a whistleblower's reputation. 
Judge tosses financial advice class action against ex-CBA unit
A judge has dismissed a class action against ex-CBA unit Count Financial alleging that it breached it duty to act in clients’ best interests and ensure adviser remuneration was free of conflict. 
‘Better than nothing’: Judge OKs class action payout in Qoin
A judge has approved a settlement in a class action against crypto firm BPS Financial that gives group members and the funder alleged worthless Qoin, an outcome described as “better than nothing”.
ASX can’t see file notes of key ASIC interview in CHESS case
A judge has upheld ASIC's privilege claim over a solicitor’s notes from an interview with a tech start-up boss involved in the ASX program to replace its CHESS system.