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Ex-Vocus chairman charged with insider trading
Former Vocus chairman Vaughan Bowen has been charged with two counts of insider trading for allegedly offloading 5.6 million company shares while in possession of knowledge that a private equity firm would pull its $3.3 billion takeover offer for the telco.
NSW Police launch investigation into Forum Finance
The NSW Police have commenced an investigation into Forum Finance and director Bill Papas, which have been accused by Westpac, French investment bank Societe Generale and Japanese bank SMBC of a $400 million fraud.
Blue Sky privilege battle should be fought in class action, judge says
A dispute over redactions in books and records produced by defunct fund manager Blue Sky to a prospective class action applicant should be hashed out within the class action, a judge has found.
Myer takes Mark Elliott’s firm to court over $1.4M legal bill
A firm created by solicitor Mark Elliott as a vehicle to launch shareholder class actions has been taken to court by Myer over an unpaid $1.4 million legal bill racked up in defending a class action that was thrown out as an abuse of process.
Class action filings plummet as law firms, litigation funders regroup
The number of new class actions has nosedived in the past six months, but experts say the drop does not signal a long-term trend but a recalibration by lawyers and funders, whose ingenuity is not to be underestimated.
Ex-Deutsche Bank exec looks to knock out cartel charges
A former Deutsche Bank executive named in a criminal cartel case over a $2.5 billion ANZ share placement says the charges against him are defective and should be quashed.
PwC settles Zilzie Wines lawsuit over unsolicited R&D tax advice
A settlement has been reached in a Murray Darling wine making family's lawsuit accusing PricewaterhouseCoopers of providing bad unsolicited tax advice that caused them more than $200,000 in losses.
YouTuber Jordan Shanks tries to revive truth defence in Barilaro defamation case
YouTube star Jordan Shanks has appealed a judgment that gutted his truth defence to defamation claims by NSW Deputy Premier John Barilaro, finding parliamentary privilege protected the politician in the face of a truth defence to some allegations.
Daily Mail editor wrote ‘let’s rip into this sheila’ before publishing Erin Molan article, court hears
A Daily Mail editor sent an email to a journalist that said 'Let's rip into this sheila' before publishing an article about sports presenter Erin Molan that's at the centre of a defamation trial which kicked off Monday.
Law firm close to filing Blue Sky class action, partner says
A shareholder class action against defunct fund manager Blue Sky Investments and others will be filed by the end of the year, Lawyerly has learned.