Swiss fintech Temenos has partially won its bid to view legal advice received by the Northern Inland Credit Union in a lawsuit alleging the cloud banking provider made misleading representations during negotiations for the installation of a new core banking system.
Westpac has won its case against the owner of a fruit stand in Sydney’s Flemington Markets over a fraudulent scheme perpetrated using a $15 million invoice discounting facility provided by the bank.
The lead plaintiff in a four-year-old class action against Zurich Insurance over a defective New Zealand apartment block has said the case “has to get moving”, telling the court that property owners have not received payment since a $50 million judgment was awarded overseas in 2017.
A class action against Transport for NSW over the alleged fraudulent acquisition of land to construct the $16 billion Westconnex tunnel in Sydney has been put on ice until the funder and the lead plaintiff can resolve a potential dispute.
A judge has shut down a case by Icon against Australia’s nuclear agency over the $27 million construction of a waste treatment plant at Lucas Heights, saying the dispute should be determined by an arbitrator despite the parties waiving pre-arbitration steps.
ASX-listed gourmet food company Maggie Beer has been dragged to court by the founders of Hampers & Gifts Australia over a $10 million earnout that was part of a $40 million agreement to acquire the e-commerce company in 2021.
Property developer Thirdi has rejected the claims of a class action brought by the owners of lots in an allegedly shoddy townhouse development in Sydney, and has filed a cross-claim seeking an indemnity from its builder.
A judge has signed off on a class action settlement under which the Commonwealth Bank of Australia will pay a sum towards the applicant’s costs but group members will recover nothing.
Grocon has lost yet another argument over documents in its lawsuit against Infrastructure NSW over a stalled $2 billion Central Barangaroo development project, with a judge rejecting its bid to access material over which the government agency claimed privilege and public interest immunity.
Group members will walk away with nothing under a settlement in a seven-year old class action against the Commonwealth Bank of Australia on behalf of borrowers who claimed they were forced to default on their commercial loans.