Industries

Real estate debt asset manager Madigan Capital has closed a $625 million loan to fund the development of a 580,000sqm industrial estate in Western Sydney.

Investors who alleges they were misled about a Melbourne apartment development have reached a $2.5 million settlement in class action proceedings.

Penalty proceedings in ASIC's case against coal producer TerraCom have been put on ice until the regulator’s suit against the company’s directors goes to trial. 

ASIC has succeeded in overturning a decision that found that Qoin issuer BPS Financial came within the authorised representative exemption with respect to agreements with Australian financial services licence holder PNI.

The corporate cop has found "widespread" compliance plan failures in the managed investment fund industry, and says it is investigating some fund managers for potential breaches.

A fourth law firm is investigating a class action against Google for allegedly abusing its dominance in the market for online advertising.

Medical device maker Exactech has reached a settlement in a class action over alleged defective implants, following the US company's bankruptcy.

A judge has found that Nine’s apology to the former owner of collapsed budget airfare company Bestjet over unsubstantiated claims made in a story about the company’s demise was sufficient to resolve their defamation dispute. 

A judge has said that asset preservation orders are likely warranted against the former head of collapsed builder Quasar Constructions, after its liquidator revealed he sold $24 million in property interests shortly before the company went under, but found he did not have power to make the orders. 

A bid by the parties for the court to determine legal costs in a successful case over the $55 million sale of a Queensland shopping centre has left a judge scratching his head.