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AMP loses bid to access docs in employee poaching dispute
AMP has lost its bid to access documents showing software company DST Bluedoor's revenue forecasts and employee remuneration in a $35.5 million legal stoush alleging the financial services firm induced 11 employees to jump ship after licensing its online advisor platform.
Worley budget adjustments were ‘drop in the ocean’, Full Court hears in class action appeal
Worley’s increases to a budget behind an allegedly misleading 2014 earning guidance, amounting to $1.14 million, were a “drop in the ocean”, the Full Court has heard as shareholders seek to revive a failed class action against the engineering company.
Cartel charges could be trimmed in forex price-fixing case against Vina Money
Prosecutors might cut the number of criminal cartel charges levelled against money transfer business Vina Money and five individuals who allegedly fixed the foreign exchange rate on millions of dollars transferred between Australian and Vietnam between 2011 and 2016, a court has heard.
Shareholders looking to revive class action say Worley pursued ‘growth stock’ ambitions over accuracy
Worley crafted the budget behind an allegedly misleading 2014 earnings guidance so that its shares could be rated as a “growth stock”, the Full Court has heard as shareholders seek to revive a failed class action against the engineering company.
ACCC says Google’s ‘Oh Shit’ meeting relevant to penalty in location privacy case
The ACCC wants Google to produce documents related to its infamous 'Oh Shit' meeting, which the consumer regulator says will be relevant to the tech giant's state of mind and the judge's penalty in a case over representations to users about their location data.
Ben Roberts-Smith says ex-wife lied to court about accessing his personal emails
A lawyer for accused war criminal Ben Roberts-Smith has told a judge his ex-wife did not honestly disclose whether she had given her close friend access to her former husband's email account, and had misused his confidential and privileged information.
Recovery concerns flagged in CBA class action
The applicant in a class action on behalf of hundreds of thousands of Colonial First State Investments customers has raised concerns about whether he can recover compensation from a CBA life insurance unit that was recently sold to a competitor.
Ex-Maurice Blackburn lawyer not trying to dodge Qantas trial with hospital stay, judge says
A former Maurice Blackburn lawyer set to give evidence in a suit against Qantas was not “deliberately avoiding” the trial with an extended hospital stay, but “better evidence” was needed for why he was admitted, a judge has said.
Baker McKenzie negligent in advising on Chinese lender’s failed Aussie launch, court hears
Baker McKenzie has been accused of negligence in a cross claim by Chinese lender Aoyin, which faces a lawsuit by accounting giant PricewaterhouseCoopers for unpaid fees over advice related to a failed bid to launch a bank in Australia.
Oaktree unit must join Marlin’s shareholders to $135M breach of warranty case
A unit of Oaktree Capital Management has been ordered to join all former shareholders of consumer brand wholesaler Marlin Brands as defendants in a case over the investment giant's $200 million acquisition of the company that alleges fraud or wilful deceit on the part of the sellers.