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Construction PRO
Defunct telecommunication company NewSat has until 7 April to pay security for defence costs in a case against a group of lenders that withdrew financial support for the company's satellite project.
Construction PRO
A barrister for a group of banks defending a lawsuit launched by satellite company NewSat has questioned the credentials of the defunct firm's solicitor, who has challenged the lenders' $8.9 million security for costs bid.
Construction PRO
Defunct telecommunications company Jabiru Satellite can add new claims to its suit against major banks for withdrawing support for Australia’s first satellite, but it can't put on a case that the lenders were “shadow” directors.
A franchisee class action against United Petroleum over alleged loss-making Pie Face stores has been ordered to hand over $3.7 million in security, with a judge finding it was not likely to stultify the class action.
The fact that at least three funders are open to backing a franchisee class action against United Petroleum should doom the class action's opposition to the petrol chain's bid for $2.3 million in security, a court has heard.
A Toyota flex commissions class action can't retroactively join claims about alleged junk insurance made in a separate case to protect against a limitations defence, with a judge describing such applications as “prima facie vexatious”.
Construction PRO
Private equity firm EMR Capital has been ordered to pay $12.5 million under a controversial share sales agreement for a Queensland copper mine.
A judge has criticised a law firm for allocating only two solicitors to its class action against United Petroleum over the installation of alleged loss-making Pie Face stores.
United Petroleum and director Ari Silver can wait for the rehearing of a security for costs bid before filing defences to a franchisee class action alleging misleading conduct.
A franchise class action against United Petroleum has asked a court for leave to expand the class action to include a group of commission agents and to add the oil company's parent as a third defendant.