Third-party liability insurers may become the latest parties to be dragged into a complex class action over alleged defects in Sydney’s Opal Tower, which has has spawned six cross-claims so far.
Westpac and French investment bank Societe Generale have obtained freezing orders over $263 million in assets in fraud cases brought against a Sydney software firm and its director, with a court hearing that other financial institutions may also be at risk from the alleged fraud.
Insurers Lloyds Australia and QBE have been hit with class actions by policyholders who were denied business interruption coverage for COVID-19-related shutdowns.
Russian billionaire Roman Abramovich has hit publisher HarperCollins with a defamation lawsuit over a book which allegedly implied the businessman had a corrupt relationship with Russian President Vladimir Putin.
Victoria’s Workcover has sued Crown and its major shareholder James Packer to recoup the compensation insurance it paid to a security guard who was allegedly assaulted by Packer on New Year’s Eve 2015.
Former Quantum Resources CEO and director Avrohom Kimelman faces up to 20 years in jail after pleading guilty to charges of insider trading and conspiring to manipulate the market in shares of the company, now known as Nova Minerals.
Coffee capsule machine manufacturer Caffitaly has saved one of its coffee pod patents from a finding of invalidity, in a partially successful appeal of a ruling that stripped three of its patents from the Australian register.
After winning a three-way contest to lead a shareholder class action against construction giant Boral, Maurice Blackburn is seeking to stay a competing class action by Phi Finney McDonald that was allowed to continue as a closed class action.
Canadian trader Daniel Schlaepfer has suffered a loss in his $10 million defamation case against ASIC, with an appeals court tossing the lawsuit despite finding the regulator defamed him and his firm by accusing them of unlawful market manipulation.
The widow of mining executive Ken Talbot has lost a bid to act for two of her daughters in a negligence case over the handling of her late husband’s estate against law firms Arnold Bloch Leibler and Boyd Legal, with a judge finding claims by the mother and daughters were “directly competing and contrary”.