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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.
Construction PRO
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.
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.
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.
A judge is concerned that if he approves all payouts sought by lawyers and funders from a $13.5 million settlement in a class action against a Quintis director, group members will only he left with just 18 per cent.
A judge has imposed penalties against Star's former managing director and former CFO as part of settlements reached with the corporate regulator, as trial against nine other executives continues.
A court has vacated a trial set to begin Monday in the class action against Suncorp unit AAI over add-on insurance, suggesting a settlement is in the works.
Although finding the former director of Quintis and its auditor, EY, engaged in misleading and deceptive conduct, a judge has dimissed a class action by the sandalwood producer's shareholders.
A newly appointed judge has disqualified himself from hearing a group of cases over Greensill’s $1.7 billion collapse, after he acted as counsel for insurer Marsh in a related dispute.
Wine producer Accolade has won a dispute with Pernod Ricard over interim arrangements to distribute wine after it bought the French winemaker’s Australian and New Zealand businesses.