Most Recent
Construction PRO
Grand Ridge Plantations has lost an appeal seeking to halve the official valuation of its Gippsland timber forest, with a court finding that the trees on the land must be included in its assessed value.
The receiver for a Falcon Capital fund under investigation by ASIC wants a role in selling director Simon Selimaj’s valuable artwork, including a $70,000 Albert Tucker painting, which is allegedly needed to cover legal fees.
Construction PRO
The administrators of the company claiming to own the Whyalla Port have more time until a second creditors meeting to investigate a proposed DOCA as well as a $1.3 billion proof of debt served by Whyalla steelworks operator OneSteel.
The Australian Securities and Investments Commission has lost its bid to pursue a disciplinary case against former Grant Thornton director Bradley Taylor over his 2018 audit of fintech firm iSignThis while criminal proceedings are ongoing.
The son of Banksia class action funder Mark Elliott, who has been accused of complicity in a fraudulent scheme to maximise the profits of the lawyers in the case, was young and inexperienced and didn't know his father's conduct was wrong, his barrister has told a court.
A routine practice by the funder behind the scandal-ridden Banksia class action of deleting emails, documented in a letter by his solicitors just days before his death, isn't consistent with the electronic record maintained in another class action in which he was involved, a court overseeing a trial in the case has heard.
Lawyer Alex Elliott was complicit in a plan by his late father to mislead the court and group members in the Banksia class action, to conceal conflicts of interest and to profit from the case at the expense of debenture holders, a judge has been told.
Lawyer Alex Elliott, the son of the funder behind the Banksia Securities class action, has been ordered to give a "full, frank and honest" explanation of his role in an alleged fraudulent scheme to inflate legal fees in the case, and he risks his career if he's not forthcoming.
The son of controversial funder and lawyer Mark Elliott has been joined to proceedings alleging the lawyers behind the Banksia Securities class action conspired to pocket excessive fees in the case, after a court heard there was a "litany" of evidence he was party to the alleged fraudulent scheme.
An independent costs consultant retained to assess the legal fees sought to be recouped from a settlement in a class action over the collapse of Banksia Securities has denied he was the “dogsbody” of funder Mark Elliott during a fiery cross examination at trial over the costs of the litigation.