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Arrium CEO denies forecasts based on rosy assumptions
On his fourth day giving evidence in a shareholder class action trial, Arrium’s former CEO has denied that the company relied on overly optimistic assumptions when making forecasts about its business, despite a history of missed targets.
Judge takes ‘draconian step’ of tossing long-running Obeid tax cases
A judge has taken the "draconian step" of dismissing long-running tax cases by the members of the Obeid family, on the eve of a hearing over a $30 million freezing order against the family. 
Construction PRO
Retirement village operator Lifestyle loses appeal over exit fees
Lifestyle Communities has lost its appeal after a tribunal found that exit fees charged to departing residents were void, with an appeals court saying a tenant must be able to calculate how much they will be charged. 
Construction PRO
Landowner seeking $490M for M12 acquisition scores partial win
A Western Sydney landowner has secured a partial win in its challenge to the valuation of land compulsorily acquired for the M12 Motorway.
Construction PRO
Surveyor wins challenge over combustible cladding at Melbourne developments
A surveyor who approved the use of combustible cladding on developments in Prahran, Brunswick East and Glen Iris has successfully challenged a disciplinary action that resulted in a suspension and $20,500 fine, with a tribunal finding he did his due diligence. 
Construction PRO
Clayton Utz nabs Norton Rose environment law pro
Clayton Utz has lured an environmental and planning law specialist from Norton Rose Fulbright to join the firm's Brisbane office.
Class action against Mitsubishi wins fight to add ‘significant’ claim
A class action over the fuel efficiency of thousands of Mitsubishi Triton vehicles can add a new claim over alleged misleading testing, despite the car maker's argument that it has no reasonable chance of succeeding. 
Netwealth let members sink 100% of savings in First Guardian
A judge has declared super fund trustee Netwealth breached the Corporations Act in offering the First Guardian fund on its investment platform, which left more than 1,000 members exposed to $100 million in losses.
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.
Lawyer fails on appeal over inaccurate recounting of judge’s remarks
An appeals court has rejected a Sydney solicitor’s challenge to a finding that he engaged in unsatisfactory professional conduct after he inaccurately recounted a judge’s comments in a letter to a costs assessor.