Construction giant Boral faces another shareholder class action accused of failing to disclose the financial irregularities of its US windows business.
Heiko Constructions has won approval to appeal a ruling from Federal Circuit Court Judge Salvatore Vasta that found the company committed a breach of the Fair Work Act that was not pleaded by the former employee who brought the case.
Boral has successfully defended a lawsuit brought by a subsidiary of building products supplier Wagners, which previously estimated it would take a $10 million financial hit for suspending a cement supply contract with the construction giant.
A judge has scrapped overly-long written submissions by barristers in proceedings brought by two CFMEU whistleblowers and replaced them with an extra day of oral submissions at the end of the hearing, saying he was not duped by the “old game” of shrinking margins and fonts in submissions.
German cladding manufacturer 3A Composites is pushing forward with a bid to close a class action over allegedly combustible cladding to registered group members, arguing that a recent appeals court decision does not bar class closure in this case.
Engineering firm Adcon has failed in a bid to block developer Icon from accessing a $396,000 bank guarantee after delays in the development of the Botanic Melbourne residential apartment complex.
Grocon has won a $1 million dispute with contractor Construction Profile over the construction of the $20 million Telstra Exchange project in Manly.
Construction giant Icon has filed a cross-claim against the prefab concrete company behind the ill-fated Opal Tower, seeking to recover at least part of almost $28 million in losses spent after cracks in the building caused residents to evacuate in 2018.
The Federal Court is pushing ahead with an expedited trial in Icon Co’s case against Liberty Mutual Insurance and QBE over the Opal Tower disaster, just one month after originally scheduled, and it’s going online to do it.
The CFMEU said Thursday that a Melbourne construction worker had tested positive for coronavirus, but maintained its position that construction sites should be deemed an ‘essential service’ and be allowed to remain open during the pandemic.