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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
Urbex sues over $59M contract for Melbourne development
Developer Urbex has launched proceedings seeking the return of a $2.85 million deposit on a $59 million contract to buy a development site in Melbourne's east, saying it validly terminated the agreement after an adverse contamination and geotechnical report.
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. 
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.
Construction PRO
Lendlease secures Redcliffe Hospital rescue plan contract
Lendlease has been tapped by Queensland as preferred contractor for the Redcliffe Hospital expansion project in Moreton Bay, a key part of the government's hospital rescue plan.
Construction PRO
Seymour Whyte loses suit against insurer over asbestos remediation costs
Seymour Whyte has failed to recover millions in asbestos remediation costs from insurer Liberty, with an appeals court finding the costs related to the presence of asbestos at the site of a Melbourne road project and not its release.
Construction PRO
Trial dates vacated in Pakenham Hospital land acquisition case
A trial in the state of Victoria's dispute with the owners of Pakenham Place Shopping Centre over a compulsory land acquisition has been vacated.
Shareholder class action targets Web Travel after $1B market cap drop
Web Travel Group has been hit with a class action by investors who say the value of their shares plummeted after misleading 2025 earnings guidance was corrected.
Cornwalls doesn’t have to foot CBA’s legal bill in negligence suit
Law firm Cornwalls is not on the hook for the Commonwealth Bank's costs in a negligence suit by a former client, a judge has found.