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Construction PRO
Lendlease has finalised the $235 million sale of infrastructure investor Capella Capital to Japanese trading company Sojitz Corporation.
Netflix says it was reasonable to make a manager redundant while she was on maternity leave, saying it was part of a restructure and that “ongoing performance issues” meant she was not suitable for a new role.
The plaintiffs in a shareholder class action against Lendlease have lost their bid for further discovery from the builder, with a judge taking a swipe for their “flagrant" failure to meet deadlines.
A judge who was previously the head of class actions at Maurice Blackburn has questioned a bid by Fletcher Building that he recuse himself from presiding over a shareholder case against the construction company.
Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.
Telstra has paid a $394,380 penalty for shirking its obligation to check internet speeds when migrating customers to the NBN.
Ultra Tune has lost its appeal of a record $1.5 million fine for contempt after it failed to follow a court-ordered compliance program in proceedings brought by the consumer watchdog.
The plaintiff in a negligence case against Waller Legal has failed in his last-minute call to vacate the trial to obtain more documents, an exercise a judge said would "make a mockery of the Civil Procedure Act".
Construction PRO
Work on the country’s biggest renewables project has again halted after the AWU again raised safety concerns about the use of ‘refuge chambers’ on the project.
The mother of bankrupt mining boss Ian Stolyar must pay $6.2 million from the proceeds of the sale of a Rose Bay property to the trustee of his bankrupt estate.