Industries

Auditor KPMG has hit back at a shareholder class action over water treatment business Phoslock’s alleged accounting irregularities, saying it should be completely relieved from paying damages since it acted honestly. 

ASIC has opposed a bid by online investment platform eToro to rely on late expert evidence in the regulator’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.

Bellamy’s Organic has resolved a suit by its former CEO alleging the baby food producer discriminated against her by offering a salary that was one-third of what her male predecessor earned.

The former chairman of BBY has been charged with aiding and abetting dishonest conduct while head of the board at the defunct stockbroking firm.

Lendlease has announced its plan for a luxury apartment complex in Sydney, expected to reach an end value of $2.5 billion, after securing land overlooking Hyde Park.

Developer Synergy has won an injunction in a dispute over the construction of a student accommodation in Adelaide, with an appeals court finding the primary judge did not correctly weigh the prejudice to Synergy if it had to pay up to $2 million in guarantees. 

Macquarie Technology Group has secured the option to buy a Sydney city site with a $240 million price tag near its existing data centre holding in Macquarie Park.

Following a $750 million float earlier this month, luxury retirement resort operator GemLife Communities has completed the first stage of a planned $270 million acquisition of land lease company Aliria's development portfolio.

Master Builders Australia has welcomed a reported increase in residential building activity but said the pace needs to quicken to reach the government's goal of 1.2 million new homes by 2029.

Flu vaccine maker Seqirus has successfully opposed Moderna’s proposed patent for a mRNA vaccine, but an IP Australia delegate said the problems with the patent can be overcome by amendments.