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S&P has reached a settlement in a case by two Cayman Island companies over alleged defective ratings but a class action won’t settle until “hell freezes over,” a court has heard.
A judge has OK'd a settlement in a class action against Treasury Wine Estates, along with $27 million in fees charged by Maurice Blackburn and Slater & Gordon, after initially questioning the difference between the firms' rates.
Zip Co wants the High Court to weigh in on the defence of honest concurrent use in trade mark infringement cases, pointing to a “glaring inconsistency” between two recent rulings.
A judge has approved a bid by administrators of Rex to delay the next creditors’ meeting to continue talks with several potential buyers of the regional airline.
The Therapeutic Goods Administration has dragged Mamamia and News Corp-owned Body + Soul magazine to Federal Court over alleged unlawful medicinal cannabis advertising.
A judge has recused himself from hearing a class action against Fletcher Building, and has imposed a ban on presiding over any cases involving Maurice Blackburn for a period of time.
A judge has kept intact a lead applicant’s award of damages in a class action over alleged defective Ford vehicles, following a High Court decision, siding with neither party on what the figure should be.
Construction PRO
An Acciona unit has sued Dual Australia, claiming the insurer is on the hook for $3 million in remediation for alleged design defects by a subcontractor on a Fulton Hogan quarry in Victoria.
The funder of a failed class action against the founder of sandalwood producer Quintis and EY and has been hit with costs, despite arguing the order would set a bad precedent.
Construction PRO
The engineers that provided design services for Victoria’s West Gate tunnel project have sued software provider Midas, alleging it used the wrong formula to calculate stiffness in bridge designs.