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Lendlease files $8.7M lawsuit over combustible cladding in Docklands high rise
Competition & Consumer Protection 2021-10-07 2:37 pm By Miklos Bolza Sydney

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.

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‘Hundreds of lawyers’ could overwhelm combustible cladding class action, court told
Amelia Smith 2021-10-06 2:05 pm By Bianca Hrovat Sydney

“Hundreds of lawyers” could overwhelm Microsoft Teams if German cladding manufacturer 3A Composites continues adding cross-claimants in a class action over highly flammable building materials, a court has heard.

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Managed investment scheme rules stall $78M class action against NAB, Walton
ASIC 2021-09-30 12:40 pm By Miklos Bolza Sydney

A $78 million class action against National Australia Bank and Walton Construction seeking compensation for sub-contractors after the company’s collapse has halted as lawyers scramble to comply with the managed investment scheme requirements for funded class actions implemented by the Morrison government.

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Objection to barrister’s eye rolling during BlueScope cross-exam shot down
ACCC 2021-09-27 9:29 pm By Cindy Cameronne Sydney

A judge hearing a price-fixing case against steel giant BlueScope has overruled an objection to the ACCCs barrister’s allegedly excessive “eye-rolling” and “scathing and sarcastic” manner during a cross-examination in which the company’s general manager was accused of lying under oath.

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CFMEU boss and son hit with charges over alleged bribery
Construction 2021-09-17 6:48 pm By Bianca Hrovat Sydney

The secretary of the NSW branch of the CFMEU and his branch manager son have been hit with a corruption charges over allegations they accepted payments from a Sydney building company in exchange for preferential treatment.

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Concrete company knew of prior Opal Tower failure, class action cross-claim alleges
Alexander Barnett 2021-09-15 11:46 pm By Miklos Bolza Sydney

Prefab concrete company Evolution Precast Systems failed to install reinforced concrete in Sydney’s ill-fated Opal Tower and knew about a prior failure with one of the building’s panels, engineer WSP Structures alleges in a cross-claim lobbed in a class action on behalf of residents of the tower.

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Boral denies loss claims in shareholder class action
Boral 2021-09-15 2:53 pm By Miklos Bolza Sydney

Boral has denied that shareholders bringing two class actions against it over financial irregularities in its North America windows business suffered any loss, saying that its systems helped spot and prevent the financial manipulation from continuing.

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BlueScope meeting with rival steel distributors ‘potentially illegal’, exec tells court
ACCC 2021-09-02 9:43 pm By Christine Caulfield Melbourne

BlueScope Steel general manager Jason Ellis wanted no record kept of a meeting with four of the company’s competing steel distributors and warned his national sales manager to keep the talks under wraps, a court hearing the ACCC’s price-fixing case was told on Thursday.  

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Bluescope slams as ‘delusional’ ACCC evidence of cartel conduct
ACCC 2021-08-31 6:04 pm By Cindy Cameronne Sydney

BlueScope has labelled “delusional” an argument by the competition regulator that alleged correspondence from a distributor about the steel company’s suggested higher prices was evidence of price-fixing.

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Bluescope’s defence in ACCC case would ‘eviscerate’ cartel laws, trial told
ACCC 2021-08-30 9:55 pm By Cindy Cameronne Sydney

Steel maker Bluescope’s claim that it didn’t engage in cartel conduct because it only encouraged distributors to set a price for its products would “eviscerate” cartel laws, the ACCC has told a court.

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