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The judgment in ASIC's case against Star's top executives and directors sounds a warning that board members need to proactively test information and serves as a "stark reminder" to general counsel that their duties are owed to the company, not management, experts tell Lawyerly.
A law firm bringing a class action alleging Harvey Norman sold worthless warranties is seeking a 30 per cent group costs order, arguing times have changed and that the court should only consider GCOs awarded in the past year.
A Federal Court judge has shot down Rebel Wilson's bid to have a defamation case brought by 'The Deb' lead actress Charlotte MacInnes transferred to the NSW Supreme Court.
The UK-based operator of Ladbrokes and Neds has hit back at a class action alleging its use of in-play fast code betting services was illegal, launching a counterclaim to claw back group members' winnings.
The corporate regulator has filed proceedings seeking to wind up a company in the steel empire of billionaire Sanjeev Gupta for failure to lodge financial reports for four years.
A court has granted the corporate regulator leave to proceed with a lawsuit against collapsed advisory firm MWL Financial for advising clients to invest $114 million in their super into Keystone’s troubled Shield Master Fund.
Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.
ASIC has had mixed success in a case against former Star directors and officers, with a judge finding the casino operator’s former CEO and GC breached their duties but that claims against the former board fell short.
Construction PRO
The reluctance of Pacific Werribee Shopping Centre co-owner Wadren to withdraw a non-compliant expert report in a $356 million defects case against the collapsed Probuild has raised the hackles of the presiding judge.
Construction PRO
A court has rejected a bid to apportion costs by Downer after it found ICC arbitration proceedings the company brought against Squadron were invalidly commenced, saying the engineering company had lost on the core issue in dispute.