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A law firm partner working on a shareholder class action over the collapse of Blue Sky Alternative Investments has faced cross-examination by counsel for auditor EY over alleged delays in seeking to amend the case.
An Ernst & Young tax partner who was terminated from the partnership over his involvement in a bar fight has lost his lawsuit against the firm, with a judge finding the partnership agreement extended to private conduct.
The administrators of struggling regional airline Rex have entered into a sale agreement with NASDAQ-listed aviation holding company Air T, with the federal government stepping in to facilitate the sale.
A judge has clarified a warning he made to refer lawyers for Alvarez & Marsal to the legal watchdog after hearing of the hefty costs of complying with discovery orders won by rival EY, saying the threat wasn't directed at counsel.
A judge has flagged the possibility of referring lawyers acting for Alvarez & Marsal to the legal watchdog after hearing the consultant's costs of complying with preliminary discovery orders won by Ernst & Young could top $500,000.
A class action against Blue Sky Alternative Investments won't seek to transfer the case to contingency fee-friendly Victoria despite a High Court ruling that put the kibosh on solicitors' common fund orders.
EY may seek damages against rival consulting firm Alvarez & Marsal after it won preliminary discovery to pursue possible claims over a mass departure of partners and staff from its international tax practice.
A former EY partner accused of promoting a tax loss scheme has hit back at the ATO’s case on the first day of trial, saying he gave objective advice and the case is an overreach.
A judge has expressed worries that a class action against EY and collapsed Blue Sky Alternative Investments is “drifting” amid concerns from the defendants about "indulgent" discovery and potentially “significant” pleading changes.
Likening its position to the "Goldilocks zone", EY has secured documents from rival Alvarez & Marsal as it weighs potential litigation over the mass departure of partners and staff from its international tax practice.