Settlement

A judge has approved an $18.1 million settlement in an underpayments class action against Sydney Trains, with $2 million to be deducted for legal costs.

Czech investment firm Sev.en has settled its case seeking urgent access to the financials of the Millmerran power station in Queensland as it looks to sell its stake in the asset, after flagging potential claims of misleading conduct. 

The competition regulator has given its draft approval to Fortnite maker Epic Games and Google for their global settlement of allegations of misuse of market power by the digital giant.

A judge has approved a $120 million settlement in a class action against AMP that followed the banking royal commission, saying while it was a “very disappointing outcome” for group members it was still fair and reasonable.

A class action on behalf of 32,000 ALDI workers who were allegedly denied pay for pre- and post-shift work has settled for $55 million, with the retail workers union set to receive $1.5 million towards its costs.

Real estate giant Cushman & Wakefield has settled a suit by a former managing director who alleged he was unfairly terminated to prevent him from keeping a $1.5 million sign-on bonus. 

Shopping network TVSN has settled a lawsuit by Bruce Gordon's WIN Corporation alleging it failed to honour its obligations under a broadcasting agreement before inking a deal with Seven Network.

Melbourne builder Cobild has resolved a lawsuit brought against a developer arguing it must return a $497,000 bank guarantee under a contract to build a $50 million office complex.

The Star has settled a long-running dispute with the ATO over GST on payments made to junket operators, with the ATO agreeing to refund $33 million of the $88 million in dispute. 

A judge has been asked to approve a revised $18.1 million settlement in an underpayments class action against Sydney Trains, reached after the registration of 260 new group members pushed the settlement above the agreed cap.