The judgment in ASIC's case against Star's top executives and directors sounds a warning that board members need to proactively test information and serves as a "stark reminder" to general counsel that their duties are owed to the company, not management, experts tell Lawyerly.
A Federal Court judge has shot down Rebel Wilson's bid to have a defamation case brought by 'The Deb' lead actress Charlotte MacInnes transferred to the NSW Supreme Court.
The corporate regulator has filed proceedings seeking to wind up a company in the steel empire of billionaire Sanjeev Gupta for failure to lodge financial reports for four years.
The law firm bringing a class action alleging Harvey Norman sold worthless warranties has asked the court for a 30 per cent group costs order, saying it was taking on a significant amount of risk in running the case.
The UK-based operator of Ladbrokes and Neds has hit back at a class action alleging its use of in-play fast code betting services was illegal, launching a counterclaim to claw back group members' winnings.
A court has granted the corporate regulator leave to proceed with a lawsuit against collapsed advisory firm MWL Financial for advising clients to invest $114 million in their super into Keystone’s troubled Shield Master Fund.
A Queensland solicitor has been referred to the Legal Services Commission after filing submissions in a client’s traffic offense case that a judge said contained fake citations and may have been AI-generated.
In finding Star Entertainment's former group general counsel liable for breaches of duty, the judge overseeing ASIC's case has questioned the chief lawyer's insistence that she "rarely gave legal advice" and that her roles with the company should be delineated.
Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.
ASIC has had mixed success in a case against former Star directors and officers, with a judge finding the casino operator’s former CEO and GC breached their duties but that claims against the former board fell short.