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Companies linked to Banksia class action fraudsters should pay up, court told
Dead or broke, the class action lawyers who schemed to defraud investors in failed Banksia Securities should not escape a $21 million judgment for damages and costs, a court has heard.
Lawyer reprimanded for using firm letterhead to threaten suit on boyfriend’s behalf
A solicitor of a national law firm has been reprimanded after falsely representing that the firm acted for her partner in a property dispute over $1,000.
Light rail class action plaintiffs want NSW on hook for litigation funder’s cut
Businesses bringing a class action over Sydney's $3 billion light rail project are pursuing a bold new claim that the NSW government pay not only for damages related to their nuisance claims, but for the 40 percent commission the litigation's funder wants from a post-trial judgment.
A ‘sorry history’ of non-compliance: Judge tosses underpayments class action
A judge has thrown out an underpayments class action against NSW not-for-profit Life Without Borders for failure to advance the case with due diligence and slapped the lead applicant with costs for his "unreasonable" acts during the course of the proceeding.
Romeo’s class action members won’t get paid by Christmas after ‘tense’ exchange with judge
A judge overseeing two underpayment class actions against supermarket chain Romeo’s has declined to vary a settlement agreement to provide for distribution by Christmas, saying plaintiff firm Adero Law had not taken “all reasonable steps” to facilitate the payments.
CBA’s former boss Ian Narev grilled over internal audits 4 years before AUSTRAC action
The former chief executive of Commonwealth Bank has told a court internal auditors raised issues with CBA's anti-money laundering and counter-terrorism financing compliance four years before AUSTRAC took action that saw the bank's share price plummet.
KPMG dodges ‘very late’ claims in Gunns class action
A class action against KPMG over the failure of six managed investment schemes for eucalyptus wood in Tasmania can't add new claims against the accounting firm three months out from trial.
Novartis, Pharmacor resolve suit over Gilenya patents
Novartis and and generic drug maker Pharmacor have resolved litigation over the Swiss pharmaceutical giant's patents for blockbuster MS drug Gilenya.
High Court to hear Zurich appeal over NZ apartment class action
The High Court has granted special leave to Irish insurer Zurich to challenge a decision allowing a class action over an allegedly defective New Zealand apartment block to proceed in the NSW Supreme Court.
End of the road for AI inventions, as High Court rejects patent appeal
The High Court will not wade into the global debate over whether artificial intelligence inventions should receive patent protection, letting stand a Full Court judgment that overturned a landmark victory for AI pioneer Dr Stephen Thaler.