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Pitcher Partners, EY audit blamed for $800M drop in value of Slater & Gordon’s acquired business
Class Actions 2021-11-09 8:50 pm By Cindy Cameronne

Accounting firm Pitcher Partners gave faulty advice ahead of Slater & Gordon’s disastrous $1.2 billion Quindell acquisition that was responsible for $800 million in the business’ value “disappearing” within six months, a court heard on the first day of trial in a long-running class action by the law firm’s shareholders.

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Sparke Helmore partner engaged in ‘blatant cover-up’ to hide oversight, trial told
Trials 2021-11-09 8:37 pm By Bianca Hrovat

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.

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Maurice Blackburn sued for negligence for filing lawsuit out of time
Professional Negligence 2021-11-09 2:32 pm By Miklos Bolza

Maurice Blackburn is being sued by a factory worker who claims the law firm’s negligence in failing to file a lawsuit on time cost him the opportunity to recoup significant damages from his former employer for physical and psychological injuries sustained while on the job.

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Lawyer takes Banksia class action ruling to appeals court
Appeals 2021-11-08 10:28 am By Christine Caulfield

The Banksia Securities class action saga will return to the appeals court, with a lawyer indicating he plans to challenge last month’s ruling that found he knowingly assisted in a plot to defraud tens of thousands of investors in the collapsed lender.

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Top judge did ‘unexplained violence’ to Star’s business interruption policy, Full Court told
Insurance 2021-11-08 9:42 pm By Miklos Bolza

In rejecting a bid by The Star Entertainment Group to recoup losses stemming from the COVID-19 pandemic, the Federal Court’s Chief Justice did “real and unexplained violence” to the construction of a business interruption policy the casino giant had taken out with Chubb, the Full Court has heard.

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Developer relied on Sparke Helmore lawyer to read fine print, trial told
Professional Negligence 2021-11-08 6:52 pm By Bianca Hrovat

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.

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$35M settlement in NT youth detention class action a ‘discount’, court hears
Class Actions 2021-11-08 9:14 pm By Cindy Cameronne

The Northern Territory’s agreement to pay $35 million to settle a class action on behalf of 1,200 young people who allegedly suffered human rights abuses while in detention was a “discount” on the claimed value of compensation owed, a court has heard.

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Nine defends Liberal party branch-stacking claims, says Michael Sukkar knew of scheme
Defamation 2021-11-08 4:39 pm By Christine Caulfield

Media giant Nine has defended reporting that allegedly implied former Victorian Liberal party vice president Marcus Bastiaan engaged in illegal branch stacking, arguing the coverage was justified and that federal assistant treasurer Michael Sukkar was in on the scheme.

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ACCC’s witness statement method ‘quite unfair’, says judge hearing cartel case
Competition & Consumer Protection 2021-11-05 9:45 pm By Christine Caulfield

The ACCC’s practice of successively refining witness statements without saving draft versions was “quite unfair”, says a judge overseeing the competition regulator’s criminal cartel case over a botched ANZ share placement.

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Ex-Tennis Australia president loses bid for $4.3M in indemnity costs against ASIC
ASIC 2021-11-05 9:04 pm By Cindy Cameronne

Former Tennis Australia president Steven Healy has lost his bid for $4.3 million in indemnity costs against ASIC over its failed case over the rights to the Australian Open, with a judge finding the regulator’s case against him had “reasonable prospects of success” before trial.

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