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Construction PRO
A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has reached an in-principle settlement two weeks out from trial.
Three Keybridge Capital directors have rejected claims that board minutes documenting a $4.75 million bonus to former CEO Nicholas Bolton were a post-hoc "concoction”, saying they accurately reflected an agreement reached during a nine-minute meeting in 2023.
Construction PRO
A judge has dismissed a case brought by a sand importer against the Port Authority of NSW seeking to recoup alleged lost profits and reliance damages falling from a lease agreement for a multi-user facility in the Sydney harbour.
A class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has reached an in-principle settlement, two weeks out from trial.
The corporate regulator is seeking penalty and disqualification orders against a financial adviser whose businesses allegedly earned $37 million for spruiking the collapsed First Guardian fund, a court has heard.
Construction PRO
A court has extended urgent freezing orders against the developers of the $133 million Babylon Apartments in the north-west Sydney suburb of Rouse Hill, in a dispute over a builder's payment debt.
Cor Cordis has lost its bid to strike out claims by the former chair of the insolvency firm that it "confected" reductions in work in progress to avoid paying his full retirement entitlements.
The Full Federal Court has shot down billionaire Clive Palmer's bid to revive misconduct claims against former ASIC chair James Shipton, calling his case "little more than houses of cards".
Construction PRO
A subcontractor that provided piling services on a Parramatta RSL carpark project has been ordered to pay excavation contractor A-Civil more than $350,000, with a judge finding it was liable for liquidated damages and other amounts.
Counsel representing a class action on behalf of thousands of Aussie Home Loan customers has told a trial judge brokers "planted seeds" to convince customers they needed to take out worthless mortgage protection insurance.