The liquidators of Falcon Capital, which is suspected of having misused $450 million in investor funds, have sued a Melbourne property developer, claiming he knowingly assisted Falcon to loan millions in trust money in a “dishonest and fraudulent design”.
Plus500 has lost its bid to permanently stay a class action by investors who lost money trading in highly leveraged financial products, with a court finding that the arbitration clause relied on by the online trader was unfair and void.
The High Court has revived a class action by small business owners over the interference caused by the construction of the Sydney light rail network.
A court has signed off on a $6.8 million settlement in a class action against a Queensland trucking company on behalf of owners of cargo on a freight train derailed by a truck at a level crossing.
The ACCC has filed proceedings against home meal delivery giants HelloFresh and Youfoodz, seeking compensation for tens of thousands of customers who were allegedly charged a fee after cancelling their subscriptions.
Law firm Atanaskovic Hartnell can’t appeal a stay of a costs order in its dispute with media mogul Bruce Gordon, with an appeals court saying disputes fuelled by their “mutual animus” should not be encouraged.
An appeals court has found a note left on the iPhone of a late businessman with an estate worth over $13 million counts as his last will and testament.
An investment company which retained Hall & Wilcox to advise on the sale of a Mornington Peninsula shopping centre has sued the law firm for millions, alleging due diligence failures in relation to asbestos at the property.
A Sydney developer has successfully challenged a decision which rejected its plans to demolish a 32-room boarding house for the construction of four luxury residences in Paddington, with a judge calling the decision “personal and idiosyncratic”.
Fresh off a record settlement for the Robodebt scandal, the government is facing a new class action over a law that retroactively allowed it to impose card payment surcharges, which the suit says amounts to unjust enrichment.