The company behind an abandoned $185 million development in Gosford, NSW can’t lift a stay on a $37 million judgment it won against the Australian unit of China’s Shanxi Construction Group.
United Petroleum and director Ari Silver can wait for the rehearing of a security for costs bid before filing defences to a franchisee class action alleging misleading conduct.
A class action against ANZ over alleged predatory lending practices has settled for $85 million, while two related cases against Westpac and Macquarie are set to go to trial this month.
Big Four bank ANZ and superannuation trustee OnePath will pay $50 million to settle a class action brought on behalf of super members allegedly charged excessive fees.
MinterEllison has lured a King & Wood Mallesons litigation veteran to bolster its construction practice.
A settlement has been reached on the eve of trial in a class action against ANZ and OnePath alleging they slugged super fund members with excessive fees.
Logistics giant Qube has won a $40 million cut to amounts owed to Martinus Rail in a dispute over construction of the Moorebank terminal project in Sydney’s west.
Medibank has denied breaching privacy rules in response to the regulator’s case over a 2022 cyber attack, but has admitted sensitive data was hacked in part because its network lacked multi-factor authentication.
While the latest round of Respect@Work reforms will likely increase litigation by shielding employees from costs in unsuccessful discrimination cases, this may not spell bad news for employers.
A $100 million settlement by AMP in a class action by financial planners over the wealth manager’s buyer of last resort policy has been given the OK, but the litigation funder won’t be reimbursed for $2.6 million in insurance and administrative costs.