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BHP wants foreign group members shut out of class action over Brazil dam failure
Class Actions 2020-09-07 5:21 pm By Alison Eveleigh

Mining giant BHP is seeking to have foreign group members shut out of a shareholder class action over the Fundao dam failure in Brazil five years ago.

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Court bars Mayfair’s Mawhinney from talking to investors ahead of wind up battle
Financial Services 2020-09-07 5:02 pm By Miklos Bolza

Mayfair director James Mawhinney has been blocked from talking to investors ahead of a hearing on an application to wind up the IPO Wealth fund, after a judge raised concerns about investors being “misled and coerced” by the investment hotshot.

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Virgin ordered to fly engines to US, as creditors sign off on $3.5B sale to Bain
Restructuring & Insolvency 2020-09-04 7:44 pm By Alison Eveleigh

Virgin Australia has been ordered to return four jet engines to the United States, after a court found the embattled airline and its administrators failed to properly hand over the engines and other equipment to their owners.

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Long-serving producer sues Network Ten alleging $400,000 redundancy pay shortfall
Employment 2020-09-04 7:40 pm By Christine Caulfield

A former Network Ten executive producer, who worked for the broadcaster for over 30 years, is suing the company claiming it underpaid her severance entitlements to the tune of almost $400,000.

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Barrister’s delay raises doubts about law firm’s fee agreement in Falls Festival class action
Class Actions 2020-09-04 3:32 pm By Miklos Bolza

An independent costs consultant has raised concerns about the legal costs sought by Maddens Lawyers from a $5.7 million settlement of the Falls Festival class action after the senior barrister leading the case delayed signing off on his rates with the law firm for a year.

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Judge to undergo behaviour training after ‘cruel, insulting’ interactions with QC
Judge Guy Andrew 2020-09-04 1:59 pm By Christine Caulfield

A judge whose conduct towards lawyers for a father in a Family Court case was condemned by an appeals court as “cruel, insulting, humiliating and rude” has been transferred to the Brisbane registry and has been ordered to receive judicial training on appropriate behaviour in court.

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New class action against S&P faces delay over investor feud with funder
Class Actions 2020-09-04 1:15 pm By Alison Eveleigh

A new class action against S&P Global is facing potential delays as the two lead applicants — one embroiled in a battle over its funding agreement — ready for a fight over when to serve the lawsuit on the global ratings agency.

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ASIC takes Dixon Advisory to court over alleged conflicts of interest
Financial Services 2020-09-04 12:58 pm By Christine Caulfield

The corporate regulator has launched enforcement action against Dixon Advisory & Superannuation Services, accusing the financial services company of having conflicts of interest and providing inappropriate advice to clients.

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The Star takes insurers to court in test case over COVID-19 losses
Insurance 2020-09-03 5:57 pm By Alison Eveleigh

Sydney’s Star Casino is taking its insurers to court in a bid to claim the losses it has suffered as a result of Government restrictions enacted to stop the spread of COVID-19.

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Equititrust lawsuit on shaky ground after judge rejects Vannin’s choice of security
Restructuring & Insolvency 2020-09-03 5:41 pm By Miklos Bolza

The receivers for funds manager Equititrust, who are suing the name partners of law firm Tucker & Cowen, have failed in their bid to have further security for costs paid in the form of deeds of indemnity, despite telling the court that funder Vannin might withdraw its support for the litigation.

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