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Construction PRO
Ingenia, Peet to merge into $2.4B living sector giant
Ingenia Communities has entered into an agreement to acquire land developer Peet, creating a real estate giant valued at $2.4 billion.
Nuix slams ‘late and defective’ proposed mid-trial amendment
Nuix has blasted as defective and "exceptionally" late a proposed mid-trial amendment to the pleadings in a shareholder class action over the software firm's 2020 IPO.
REA’s ‘9 in 10 buyers’ claim based on flawed Deloitte report, court told
Property listings giant Domain plans to attack the validity of a Deloitte report which was used to support competitor REA Group’s claim that it attracts the buyer for 9 in 10 homes sold, a court has heard.
Construction PRO
Domain attacks Deloitte report behind REA’s ‘9 in 10 buyers’ claim
Property listings giant Domain plans to attack the validity of a Deloitte report used to support competitor REA Group’s claim that it attracts the buyer for nine in 10 homes sold, a court has heard.
Macquarie exec says US law firms’ involvement in Nuix IPO gave comfort
Facing cross-examination in a shareholder class action over Nuix's allegedly misleading IPO prospectus, a senior Macquarie executive has testified that he was comforted by two US law firms' finding that there was nothing untrue in the document. 
Class action drops post-IPO claims against ex-Nuix chairman
A shareholder class action against Nuix and underwriter Macquarie over the software company's float on the ASX has trimmed its case against the company's former chairman the third week into trial. 
Former Macquarie exec says cut to Nuix forecast would have been ‘prudent’
A former Macquarie director has given evidence that it would have been "prudent" for Nuix to have reduced its sales forecast, as a shareholder class action hearing over the software company's float on the ASX enters its third week.
Construction PRO
Rest avoids indemnity costs in failed APAC sale injunction bid
Super trustee REST Nominees has dodged indemnity costs but is still on the hook for paying a "cast of thousands" after losing a bid to temporarily block the sale of the Dexus bloc of shares in Melbourne Airport operator APAC.
Court hears of plot to oust Nuix CEO, told of ‘toxic’ culture
Nuix's former boss Rod Vawdrey was almost ousted in 2019, a trial court heard Thursday, with a shareholder class action pointing to a board paper that referred to the software firm's “toxic, no-trust, fear-based culture”. 
Nuix CFO’s ‘terrible start’ email a sales motivation tactic, court told
An email from Nuix's former CFO that referred to financial results as “worse than terrible” was an attempt to push the sales team to meet targets, a trial court has heard in a class action alleging misleading market disclosures ahead of the software firm's $1.8 billion IPO.