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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.
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.
The law firm that's bringing a class action alleging Harvey Norman sold worthless warranties has asked the court for a 30 per cent group costs order, saying it was taking on a significant amount of risk in running the case.
Construction PRO
MinterEllison has advised Mirvac on a contract for a major redevelopment at the site of the former Sydney Fish Market.
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.
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.
The Federal Court has cautioned self-represented litigants against using generative artificial intelligence to decide whether their case has merit, saying it is "not reliable for legal help”.