Paladin Energy has been hit with a shareholder class action over alleged misleading disclosures to the market about expected production at its flagship uranium mine in Namibia.
A judge has been asked to approve a $64.25 million settlement in a class action against the trustees of the MLC Super Fund, hearing the settlement, reached just prior to the dismissal of a similar class action, was on the “higher end”.
After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company’s administration after it provided a letter of comfort and offer to fund its debts.
A survey initiated by NSW Supreme Court Chief Justice Andrew Bell into the state’s practical legal training has found the mandatory program, which can cost up to $12,000, lacks academic rigour and is “rife with cheating”.
The corporate regulator has brought enforcement action against Wiluna Mining, accusing the gold mining operation of misleading conduct over a capital raising a month before it went under.
That it once had a $100,000 bank cheque is not sufficient evidence to prove a funder behind a class action over the $16 billion WestConnex tunnel can meet a costs order in a feud with the applicants, an appeals court has said.
Real estate landlord Dexus is suing South Australia’s medical research insitute for failing to execute on 30-year leases to occupy Adelaide’s Australian Bragg Centre, despite “repeated demands”.
A consortium including Acciona, UGL and others has been selected for pre-construction work on Queensland’s Logan and Gold Coast Faster Rail project, which aims to reduce congestion ahead of the 2032 Olympic Games.
Property developer HYG has been given the green light by a court to build the next stage of a masterplanned community in Western Sydney.
Sydney City Council has been ordered by a court to produce documents in a legal battle with a property developer seeking to convert a Paddington boarding house into luxury residences.