David Thomas

A judge has questioned the “independent skill and judgment” applied to the pleading in a third class action filed against International Capital Markets over risky derivative products, amid a “hot contest as to carriage and forum”.

 Macquarie Bank has agreed to pay a $10 million fine in proceedings brought ASIC after the bank admitted that it failed to monitor third-party withdrawals, resulting in a financial adviser’s theft of $2.9 million.

The High Court has agreed to hear a case with implications for law firms that represent themselves in litigation, granting an appeal application by media mogul Bruce Gordon, a former client of Sydney firm Atanaskovic Hartnell.

A judge hearing Bruce Lehrmann’s reopened defamation trial has expressed concern about evidence regarding non-parties to the lawsuit, including a solicitor who is said to have acted for Seven, saying “allegations are being thrown around like a gatling gun”.  

A former Seven producer has given fresh evidence in Bruce Lehrmann’s defamation trial that he was alarmed when the accused rapist purchased cocaine and sex workers and agreed to give an interview to Spotlight as long as he was not asked about the night at the centre of the allegations.

A judge presiding over a defamation case by Bruce Lehrmann on Thursday asked lawyers for the Seven Network to explain why it had taken eight months to hand over communications with the accused rapist in answer to a subpoena by Ten. 

Westpac subsidiary BT Funds Management and Tal Life Insurance have foreshadowed applications to strike out the pleadings of a class action alleging superannuation customers were overcharged for insurance coverage. 

A judge has ordered soft class closure in a class action against Suncorp unit AAI over allegedly worthless insurance, saying that knowing how many of the 200,000 group members are likely to participate would assist in resolving the case.

EFTPOS provider Tyro has secured a $10 million settlement in a lawsuit accusing a unit of Canadian firm Lightspeed of violating a restraint of trade clause by encouraging Tyro customers to adopt its own competing payment system.

Suncorp subsidiary AAI has asked a court to order soft class closure in a group proceeding over allegedly worthless insurance, saying it was “passing strange” that over 200,000 group members “don’t know they’re even group members” three years into the case.