Lendlease has taken two consultants and a designer to court to recoup $8.7 million it spent on replacing combustible cladding used on its $107 million EXO residential apartment block in Melbourne’s Docklands.
A court has shut down the latest legal spat between the children of one of Australia’s richest families, finding a lawsuit over a $200 million real estate transaction was not brought in good faith and that running the case was not in the best interests of the company involved in the deal.
The children of one of Australia’s wealthiest families are locked in a legal battle, with a judge preliminarily allowing the daughter to bring derivative proceedings against her brother for allegedly giving property developer Lendlease options to buy land owned by the trust for which she is a beneficiary for a “significant undervalue”.
A judge has consolidated competing shareholder class actions against builder Lendlease brought by rival plaintiffs law firms, but has rejected the firms’ bid to jointly run the litigation and says one of them must go.
Multiplex is calling for the liquidators of collapsed engineering services group Hastie to pay its costs, and pay now, for pursuing an action to recover millions of dollars in unpaid bills on the grounds that the construction company was not entitled to offset its debts with amounts owing.
Two competing shareholder class actions against developer Lendlease have been locked in for a beauty parade before the judge who recently forced the consolidation of three class actions against engineering firm RCR Tomlinson.
Construction giant Lendlease has filed its defence in one of two shareholder class actions filed against it, saying any losses investors allegedly suffered were wholly or partly due to their own failure to take reasonable care.