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BHP’s $110M class action settlement OK’d, with half going to lawyers, funder
A judge has approved a $110 million settlement in a class action against BHP over the collapse of a tailings dam, and has OK'd fees and commission reducing the sum by 50 per cent, despite concerns the costs were excessive.
Judge says part of ANZ’s $240M penalty in ASIC case ‘on light side’
A judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were "very significant".
Sydney Trains reaches settlement in underpayments class action
Sydney Trains has reached an in-principle agreement to settle a class action by operations staff alleging a “systemic pattern” of underpayments and overwork.
Law firm drops beauty parade appeal in Google ad tech class action
A law firm that was set to argue that two firms formed an anti-competitive agreement in cooperating to run an ad tech class action against Google has dropped its appeal of its failed bid to run the representative case.
Construction PRO
Baker McKenzie nabs new project finance head from HSFK
Baker McKenzie has lured a Herbert Smith Freehills Kramer partner to head the firm's project finance team, specialising in infrastructure and power projects.
Qld energy class action’s bid for evidence of $40M in defence costs meritless: judge
The applicant in a failed class action against Queensland utilities Stanwell and CS Energy can't get its hands on fee invoices as it prepares its response to a claim for recovery of what could be up to $40 million in costs.
Coles, Woolworths may face bigger underpayments bill in class actions
Underpayments class actions against Coles and Woolworths want to expand their claims to cover a longer time period, which would leave the supermarket giants with even bigger remediation bills than the $780 million estimated in the wake of a finding that underpayments cannot be set off.
BHP ordered to pay Qld coal mine workers for holiday roster
BHP must compensate coal mine workers who were rostered to work at a Queensland mine on Christmas and Boxing Day without a reasonable right of refusal.
Construction PRO
Insurers lose round in case by CPB, John Holland over $8B Northwest Rail Link
A judge won't schedule an initial trial on the limitations period in a $150 million coverage spat between insurers and Northwest Rail Link builders CPB Contractors and John Holland.
Construction PRO
Apache loses strike-out bid in $83M tax credit spat with Santos
Several Apache Corporation units have failed to block Santos from withdrawing admissions in a long-running fight over $83 million in tax credits related to Apache's $2.1 billion sale of certain assets, with a judge finding Apache’s prejudice arguments were “significantly overstated”.