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Judge ‘happy to let ASIC flounder’ in FIIG cyber enforcement case
A judge has lambasted the corporate regulator’s decision to yield to FIIG Securities’ pleadings demands in its sophomore cyber enforcement case, but said he was “happy to let ASIC flounder” if it would not put up a fight.
Stolen wages class action judge skeptical of lawyers, funders profiting ‘on backs’ of group members
A judge has approved a $180 million settlement in a stolen wages class action but has criticised the plaintiff's law firm for the costs incurred in the case and raised doubts about the value of litigation funding.
Construction PRO
Dexus must sell stake in $1.7B shopping centre to Macquarie after failed appeal
An appeals court has rejected Dexus' challenge to a finding that it must sell its 50 per cent stake in Sydney’s largest suburban shopping centre to Macquarie Retail, saying its arguments contradicted the “evident commercial purpose” of the contracts at issue.
Judge allows tweak to ratings suit against S&P ahead of trial
The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.
Law firm left ‘boxing at shadows’ ahead of Hyundai, Kia class action fight
Applicants in class actions against Hyundai and Kia have complained they are being left in the dark about whether a competing set of cases will amend their pleadings ahead of next month's law firm carriage fight.
TeleChoice close to ‘minimal’ settlement in franchisee class action
A franchisee class action against TeleChoice, which sought to share in commissions won in separate litigation against Optus, is in settlement talks, but the mobile retailer says the plaintiffs can’t expect much.
Trial pushed off in sprawling litigation over Greensill collapse
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm's administrator.
Qube wins clearance from competition cop to buy MIRRAT with conditions
Port logistics giant Qube has won the ACCC's blessing to buy port operations provider MIRRAT under the condition that it agree to not discriminate against downstream competitors at the Port of Melbourne.
Construction PRO
Lawyer cops ban for advising on $70M property deal in breach of practice conditions
A Sydney lawyer has been hit with a one-year ban after a tribunal found he acted in a personal capacity for a friend in a $70 million property deal but falsely represented that he was acting for his employer.
Construction PRO
High Court takes expansive view of ‘connection’ to land in Native Title dispute
Granting an appeal by native title holders, the High Court has found that a ‘connection’ with relevant land need not be demonstrated by physical acts.