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ASIC is considering an appeal of a ruling that tossed its conflicted remuneration case against Freedom Insurance's former boss and another executive over a sales incentive scheme.
Construction PRO
A builder has lost an appeal arguing that a RW Capital unit was bound by an alleged contract to develop land in northern Sydney, said to be worth $25.75 million, after the trial judge found the claim was “doomed to fail”.
Construction PRO
The lead plaintiffs in a lawsuit against Transport for New South Wales over the compulsory acquisition of land for the WestConnex road project have won their bid to toss a third suit brought by the funder which backed the case.
The High Court has dismissed a case by a law firm client who claimed he was entitled under the law of restitution to $1.4 million in interest on a $900,000 sum his lawyers repaid in a fight about legal fees.
The parties in a class action against agricultural giant GrainCorp over alleged noise and odour pollution from a factory in rural Victoria have failed to seal the deal on a settlement reached last month.
Wealth manager Colonial First State Investments and insurer AIA have reached a $140 million settlement in a long-running class action alleging 700,000 superannuation members were charged inflated premiums on insurance products linked to former owner CBA.
Law firm Gillis Delaney has defeated a bid for third-party costs by a warehouse management software company that was named in an intellectual property dispute, with a judge rejecting claims the firm was not authorised to act and acted unreasonably.
Construction PRO
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 tax commissioner has suffered a major loss in a dispute with Malaysian power company YTL Power over a $948 million capital gain from the sale of its stake in South Australia-based ElectraNet in 2022.
The funder and law firms that ran a shareholder class action against BHP over the collapse of the company's Samarco Fundão dam in Brazil will seek approval for deductions that will see half of the $110 million settlement go to group members.