Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United’s alleged failure to disclose that a key contract was “loss-making”.
Macquarie Capital has hit back at a class action over an alleged misleading prospectus for Nuix’s $1.8 billion IPO, saying it was entitled as underwriter to rely on the software company’s promises.
DLA Piper has lured a finance partner from White & Case to join its Sydney office.
Gilbert + Tobin has snagged a Sydney-based Dentons partner to bolster its financial services regulatory group.
Maurice Blackburn is stuck paying $5.4 million in security in a flex commissions class action against Macquarie, with a judge saying it represents a “business risk willingly undertaken”.
The Australian operator of crypto exchange Kraken has been ordered to pay $8 million for failing to comply with design and distribution obligations.
Spanish infrastructure giant Acciona has lost its bid to transfer a dispute over a $511 million waste-to-energy facility in East Rockingham, with a judge finding no overlap with another matter in the Federal Court.
A judge has made a class closure order in a shareholder case against software company Nuix and underwriter Macquarie Capital, but rejected a bid to keep the order in operation until trial.
Element Zero has denied claims that three former Fortescue employees, including one executive, misused confidential information and developed a green iron process on the company dime.
A law firm is challenging an order that it pay $5.4 million in a class action against Macquarie Leasing as security for the lender’s costs, saying concerns about its borrowing capacity were “theoretical and speculative.”