Christine Caulfield

After baulking at paying for their Rolls-Royce defence, Greensill investor White Oak has been ordered to pay a total of $13 million in security to insurers IAG, Tokio Marine and BCC for their costs of a 35-day trial.

Ford faces a product liability class action alleging the car giant sold vehicles with defective transmission that resulted in loss of power, shuddering gearboxes and grinding gear changes.

Tossing a case by Tahmoor Coal's liquidators over a royalty deed that gave Glencore payments in perpetuity and impacted the company's sale price, an appeals court has found the deed was not unprofitable just because creditors might get a better return without it.

Tech and management consultancy Capco has won preliminary discovery as it considers whether it has a case against a former senior employee who resigned to work for rival NTT Data.

ANZ has failed in its fight over insurance coverage for two class actions for which it paid settlements totalling $117 million, with a judge finding the costs were not losses under the policies at issue.

The defunct developer behind the planned Pentridge Village project in Melbourne can't defer costs in failed proceedings against the project's financiers, despite a foreshadowed new suit against them. 

AI data centre operator Firmus has scrapped its plans for an initial public offering that valued the company at over $44 billion.

Greensill Capital's founder expressed "shock" in 2020 when concerns emerged over the validity of an IAG policy keeping his financing business afloat, telling underwriter BCC's then managing director the issue needed to be kept quiet, a court has heard.

IAG and Tokio Marine kept their concerns about the validity of Greensill Capital's 2019 trade credit insurance policy confidential, even as they must have known the supply chain financier was using the policy to attract investors, a trial court has heard.

A judge overseeing the trial in a case against a group of insurers over the collapse of Greensill Capital has ruled that a report by a Japanese law firm is privileged despite the absence of legal professional privilege in Japan.