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Blue Sky class action judge rails against ‘astounding’ waste of money
A judge has refused a bid by fund manager Blue Sky for an extension in a shareholder class action, saying the amount of costs wasted in the case by “unreasonable positions being taken” was "astounding".
Mallesons hires EY partner to bolster tax practice
Mallesons has hired a tax partner from EY with expertise in stamp duty and land tax, strengthening the firm's indirect tax practice.
Construction PRO
‘That’s not right’: Property developer says EY withholding client file
EY has claimed a provision of the tax law prevents it from handing over the client file of a property developer who alleges a former partner breached fiduciary duties, but the developer says there is no reason to withhold the documents.
EY blames ‘very draconican’ tax law for failure to produce client file
EY has claimed a "draconian" provision of the Taxation Administration Act precludes it from handing over the client file of a property developer who has accused a former partner of breaching fiduciary duties.
Lender RND presses new claims against BDO, EY on eve of trial
Lender RND Funding wants to revise its case against BDO Advisory and auditor Ernst & Young over advice given to defunct Adelaide company Gen1 Biotechnology, a week out from trial.
Treasury recommends splitting off audit function in Big Four firms
A Treasury report has suggested splitting audit functions off from multidisciplinary professional services firms, following whistleblower claims that KPMG leaked confidential client information.
EY intern told to ‘move on’ after groping by manager, suit says
EY Australia faces a lawsuit by a former intern who alleges she was harassed by her manager, victimized after making a complaint, and precluded from participating in a culture review by former sex discrimination commissioner Elizabeth Broderick.
Gilbert + Tobin launches tax controversy practice with EY partner
Gilbert + Tobin has hired a senior tax lawyer from EY to build a tax controversy practice at the firm.
Judge OKs $13.5M Quintis settlement, denies competing funder a cut
A judge has approved a $13.5 million settlement in a class action against the director of collapsed sandalwood producer Quintis, but has reduced deductions sought by the plaintiff's lawyers and funder, and denied a payout to the funder of a competing case.
Blue Sky class action solicitor grilled over timing of case amendments
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.