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$190M may be available to class action under Fairview’s insurance
Class Actions 2021-07-15 2:06 pm By Miklos Bolza

Cladding manufacturer Fairview Architectural may have $190 million in insurance to cover the claims in a class action over its allegedly combustible cladding products.

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Fund manager demands $90M from directors of collapsed property developer Steller
Restructuring & Insolvency 2021-07-12 4:43 pm By Miklos Bolza

A unit of Australian funds manager One Investment Group is seeking to recoup almost $90 million in debts allegedly owed by three former directors of collapsed property developer Steller Group.

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Law firm defeats ex-client’s lawsuit over $24.5M property spat
Legal Ethics 2021-07-05 2:46 pm By Cindy Cameronne

A Melbourne law firm has triumphed in a lawsuit by a former client that accused it of breaching its fiduciary duty in ā€œhard-foughtā€ litigation over a $24.5 million East Melbourne development.

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Insurers may be dragged into Opal Tower class action
Class Actions 2021-07-02 3:21 pm By Cat Fredenburgh

Third-party liability insurers may become the latest parties to be dragged into a complex class action over alleged defects in Sydney’s Opal Tower, which has has spawned six cross-claims so far.

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After triumphing in beauty parade, Maurice Blackburn seeks stay of PFM’s Boral class action
Class Actions 2021-06-30 7:03 pm By Cat Fredenburgh

After winning a three-way contest to lead a shareholder class action against construction giant Boral, Maurice Blackburn is seeking to stay a competing class action by Phi Finney McDonald that was allowed to continue as a closed class action.

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Victoria drops out of combustible cladding class actions
Class Actions 2021-06-16 11:00 pm By Cat Fredenburgh

The state of Victoria has opted out of two class actions over allegedly combustible cladding, after agreeing to join as a group member last year.

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Icon, structural engineer WSP added as defendants in Opal Tower class action
Class Actions 2021-06-10 1:10 pm By Miklos Bolza

Opal Tower builder Icon and structural engineer WSP Structures have been joined as defendants in a class action brought by property owners, who have also added a slew of consumer law claims to the complex proceedings.

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Judge shuts down derivative suit against CBL over $3M share acquisition
Securities 2021-06-07 11:03 pm By Miklos Bolza

A shareholder’s attempt to reverse a $3.15 million share acquisition by the managing director of construction giant Consolidated Builders Ltd has been dismissed by a judge, despite finding the case had “a reasonable probability of success”.

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Grant Thornton can bring cross-claim against Forge Group
Professional Negligence 2021-05-21 9:35 pm By Cat Fredenburgh

Grant Thornton has won approval to a bring a cross-claim against Forge Group, just three months ahead of trial in the collapsed engineering company’s case against the accounting firm and ten former directors for their alleged negligence in relation to its “uneconomic” purchase of CTEC in 2012.

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Gadens wins privilege fight over ā€˜maliciousā€™ letter to building regulator
Construction 2021-05-13 5:26 pm By Cindy Cameronne

The director of building company Modscape has lost his bid to access Gadensā€™ advice concerning an allegedly false and malicious letter sent to the Victorian Building Authority that questioned his financial probity.

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