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Construction PRO
Abacus Storage grants due diligence to consortium behind $2.2B takeover offer
Abacus Storage Kings will open its books for a consortium of Ki Corporation and New York Stock Exchange-listed Public Storage, which lobbed a $2.2 billion takeover offer last week.
Construction PRO
Whitehaven wins fight with enviro groups over climate risk docs
Whitehaven Coal, which is locked in a fight with two conservation groups over the Winchester South coal mine in Queensland, has fought off an application for disclosure of internal climate risk documents created by a related entity.
Discrimination class action against NT police could raise ‘massive issue’: judge
A racial discrimination class action against the Northern Territory government and its police commissioner could "call into question" policing across the territory, a judge has said.
Construction PRO
Atlantic Nickel can’t dodge new version of mining company’s $1B case
Atlantic Nickel has lost a challenge to further amendments to a case by failed suitor Mining Services International that alleges it lost the opportunity to purchase a Brazilian mine now valued at over $1 billion.
Banksia class action members launch case against Arnold Bloch Leibler, partner
Arnold Bloch Leibler and a litigation partner at the law firm are among defendants named in a new case for their representation of the mastermind behind the scandal-ridden Banksia Securities class action.
Construction PRO
Builder banned for five years after leaving 300 creditors out $94M
A former director of three construction companies that collapsed with debts of almost $94 million has been banned by the corporate watchdog from managing corporations for five years.
CBA faces union action for alleged offshoring of hundreds of jobs
The Finance Sector Union has taken Commonwealth Bank to the Fair Work Commission over the alleged "sham redundancy” of over 100 positions it says are being offshored to India in breach of an enterprise agreement.
Crown Resorts to pay $73M to settle shareholder class action
Casino operator Crown has agreed to pay $73 million over two years to settle a shareholder class action accusing it of lax money laundering compliance, with solicitors set to take home $20 million.
Barrister loses bid to appeal in fight with solicitors over cavoodle case fees
A barrister who won a defamation case against Nine over an Instagram-famous cavoodle has lost her bid to appeal a ruling in a fight with her former solicitors over fees.
Law firm’s cut no sure thing as judge OKs $87M settlement in Hino class action
A judge has approved an $87 million settlement in a class action against Hino Motors, but says he needs to hear from a contradictor before greenlighting a law firm's 25 per cent contingency fee.