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ASIC wins case against insurer Youi over 2-year delay on hail damage claim
A court has found that insurer Youi breached its duty of utmost good faith by taking two years to settle a home owner's hail storm claim.
Ernst & Young can’t rely on privilege against self-incrimination in LM Investment lawsuit
A judge has found that auditor Ernst & Young cannot rely on the privilege against self-incrimination in a lawsuit brought over its audits of failed financial services firm LM Investment Management.
Clive Palmer can’t get law firm, funder docs for possible Queensland Nickel claim
The Queensland Supreme Court has shot down an "entirely speculative" bid by two Clive Palmer-owned companies to access information held by two law firms and a litigation funder, as the mining magnate mulls a lawsuit for potential breaches of a settlement reached in the Queensland Nickel liquidation proceedings.
‘Dishonest behaviour’: Adani ordered to pay $106M after misleading court in port dispute
A court has ordered a subsidiary of Indian conglomerate Adani Group to pay more than $106 million to four coal mining companies after finding the mining company engaged in "dishonest behaviour" and misled the court.
Judge won’t recuse himself from Vannin Capital fight with Palmer companies
A judge has refused to recuse himself from a stoush between litigation funder Vannin Capital and Clive Palmer’s companies over the appointment of a barrister in a claim springing from the long-running Queensland Nickel liquidation case.
Octaviar liquidators get court OK to reject proofs of $900M in debt by subsidiaries
The liquidators of failed Gold Coast investment group Octaviar have been given the thumbs up to reject over $900 million in proofs of debt from two of the firm's subsidiaries after the Queensland Supreme Court ruled they had received competent legal advice on the matter and were justified in the rejections.
Judge signs off on $30M settlement in liquidator’s LM Investment case
A Queensland Supreme Court judge has given the green light for a $30 million settlement of a liquidator's case against failed financial services firm LM Investment Management, saying the result was appropriate and "a matter of some public interest".
Draft expert reports fair game in $100M Gladstone Ports class action
Gladstone Ports has won access to draft expert reports prepared by Clyde & Co in its $100 million class action against the Queensland government owned organisation, with a judge ruling the documents were not privileged despite their not being used in the case.