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AAI has lost its bid to appeal an order joining it to a class action over alleged combustible cladding installed at two high-rise towers in Liverpool, NSW.
Construction PRO
Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United's alleged failure to disclose that a key contract was “loss-making”.
The competition regulator is seeking views on whether IAG's bid to acquire a 90 per cent stake in RACQ's insurance underwriting business for $855 million could saddle consumers with higher prices.
A class action against Allianz over alleged junk add-on insurance has settled for $170 million, with two law firms set to take 25 per cent of the payout under a group costs order.
Law firm Gordon Legal has filed appeals after a judge ordered the declassing of several proceedings over COVID-19 business interruption losses.
A judge has cut Slater & Gordon's 33% contingency fee in a class action against Insurance Australia, saying it was too high since there was nothing "particularly novel” about the case.
A class action against Toyota Finance has argued it can add new claims that are out of time because Victorian courts cannot factor in the loss of limitations defences in deciding whether to allow amendments.
An investor class action against failed advisory firm Linchpin Capital and its former directors has won its bid to claim its losses against a $10 million insurance policy from AIG.
The competition regulator plans to block a group of Catholic hospital operators from collectively boycotting large private health insurers in the event funding negotiations fail.