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A NSW developer says law firm Sparke Helmore should face a heftier damages bill for its negligence in failing to alert it to an imminent deadline in two land sale contracts worth a combined $1.5 million that were part of a troubled $30 million development.
Sparke Helmore will have to pay $285,598 in damages for its negligence in advising a New South Wales property developer, but a judge found the law firm should not be on the hook for costs because the lawsuit was filed in the wrong court.
Law firm Sparke Helmore acted negligently by failing to adequately advise a New South Wales property developer about extension of time notices that were needed to prevent two lucrative contracts from falling through, a judge has found.
The Sparke Helmore partner at the centre of a $1 million professional negligence lawsuit attempted to conceal an “oversight of enormous proportions” that is said to have lost a property developer two lucrative contracts, a court has heard.
The former director of a central Queensland construction company relied on his Sparke Helmore solicitor to read over contracts for sale for him, a court has heard in a trial over allegations the law firm’s negligence led to a loss of more than $1 million.
Sparke Helmore has secured a temporary reprieve in a $1 million negligence lawsuit against it, with a NSW Supreme Court judge staying the case for two weeks to allow the plaintiff property developer, which has been described as a "rudderless" firm, to get its house in order.
Furniture retailer Nick Scali Ltd must respond to subpeonas served by law firm Sparke Helmore seeking files held by the company's new firm, Allens, in a case over $500,000 in unpaid fees that alleges CEO Anthony Scali knowingly gave false instructions to his solicitors.
IOOF subsidiary Australian Executor Trustees failed to drag law firm Sparke Helmore into a case after it was hit with a $76.6 million judgment over breaches of duty in the sale of a 42,000 hectare timber plantation by collapsed forestry giant Gunns Group.
Sparke Helmore has admitted that legal advice it provided to IOOF subsidiary Australian Executor Trustees was inadequate but has argued it should be responsible only for up to 10 per cent of the $76.6 million judgment against AET over the sale of a timber plantation by collapsed forestry giant Gunns Group.
Sparke Helmore is equally responsible for a $76.6 million judgment against IOOF subsidiary Australian Executor Trustees over the sale of a timber plantation by collapsed forestry giant Gunns Group, an appeals court heard Thursday.