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‘Systemic overoptimism’ left $2B impairment off Arrium books, court told
A shareholder class action against KPMG and ex-Arrium directors says the company's accounts were infected by "chronic and systemic overoptimism", with the former operator of Whyalla Steelworks portraying as viable a business that was impaired up to $2.8 billion.
Construction PRO
InterContinental owner loses challenge to $160M Sydney mixed-use tower
The owner of Sydney's InterContinental Hotel has lost its challenge to the approval for a mixed-use tower at the site of the neighbouring Sir Stamford Hotel.
Construction PRO
United Cinemas wins injunction in fight to maintain Craigieburn lease
United Cinemas has secured interim relief blocking its landlord from terminating its lease at the Craigieburn Central cinema in Victoria.
Sportsbet ‘promised’ punters ‘fast code’ system was legal, class action tells court
Sportsbet's 'fast code' betting system was not a genuine telephone betting service because customers had already transmitted  information before making the call, according to a class action which argues punters would not have placed bets had they known the system was illegal. 
Keystone’s Chiodo raised $1.5M in investor funds for lawyers’ fees: ASIC
Former Keystone Asset Management director and developer Paul Chiodo is accused of raising more than $1.5 million from unwitting investors for a purported property fund that was secretly used to cover his legal fees in ASIC's enforcement action.
Class action to get less than half of $22.5M CommInsure settlement
A judge will approve deductions that will leave less than half of a $22.5 million class action settlement against two former CBA wealth management units left over for distribution to group members.
Clayton Utz litigation partner jumps to Ashurst Perkins Coie
Ashurst Perkins Coie has brought on a recently promoted partner from Clayton Utz to grow its litigation practice.
Victorian Supreme Court set to hear record number of class action trials
As proof of its popularity as a class action jurisdiction, the Supreme Court of Victoria will hear opening submissions in three class action trials on Monday, an unprecedented number in a single day for the court.
Media mogul loses appeal in ‘bitter end’ to spat with Atanaskovic Hartnell
A court has upheld a panel’s determination of the fees payable by media mogul Bruce Gordon’s company Birketu to his former lawyers, following an eight-year dispute.