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Sydney Markets ex-CEO weighs cross-claims against Chubb
The former CEO of Sydney Markets is looking to bring a cross-claim against the company and insurer Chubb in his former employer's suit accusing him of misappropriating $1.38 million in company funds.
India appeals loss in ‘basmati’ trade mark fight
India has asked the Full Court to overturn a ruling that rejected its bid to register the word 'basmati' as a mark of geographical indication.
Construction PRO
Chevron seeks ‘tight’ timeline in Gorgon LNG court challenge
Chevron wants a "tight" timeline in a legal challenge related to its Gorgon liquified natural gas project, telling a judge that it's spending $40 million a month to keep staff ready for the project.
Construction PRO
Claim against funds manager struck out in FSM case against Ray White, Mallesons
A fund manager has succeeded in striking out claims it was knowingly involved in an uncommercial loan scheme, in a case by FSM Development liquidators that also targets Ray White and Mallesons.
Construction PRO
Developer can’t pay $6M SOPA judgment in monthly instalments
A Newcastle residential development had lost its bid to pay around $6 million in damages in monthly installments, with a judge saying there was no evidence paying the amount would put the group in a bad financial situation.
CBA settles class action for $249M, novel case theory waits another day
Commonwealth Bank and its former wealth management arm Colonial First State have agreed to pay $249 million to settle a class action worth $900 million that would have tested a novel theory of corporate responsibility with implications for companies’ use of AI.
Judge suggests hearing GCO bid in J&J class action after defence
A judge has suggested there may be merit in waiting for Johnson & Johnson to file a defence before deciding an application for a group costs order in a class action accusing the company of selling defective, carcinogenic talcum powder.
Law firm didn’t do enough to find Merivale class action members: judge
A judge has criticised the principal of boutique firm Adero Law for not doing enough to contact group members to share in a $19.25 million settlement in an underpayments class action against hospitality giant Merivale, including conducting a Google search.
Mid-trial amendment in Nuix class action wins court OK
A judge has allowed a mid-trial amendment in a shareholder class action over software company Nuix's 2020 public float on the ASX.
KPMG partner defends Arrium audits ahead of $4B collapse
A KPMG partner who resigned in the wake of the firm's leaks scandal in May has defended his auditing of now defunct steelmaker Arrium, telling a court that inconsistencies were resolved through talks with management.