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An appeals court has questioned the financial forecasting that underpinned a $13 million award of damages to a former client of Maddocks in a suit over negligent legal advice that allegedly led to a botched sale and administration.
Appealing a $13 million damages judgment for negligent advice to a former client that allegedly led to a botched sale and administration, law firm Maddocks told a court Monday the business had “miniscule” chances of surviving even if the sale had been successful.
A judge has granted a litigation funder for two franchisee class actions against 7-Eleven an interim payment to cover its costs ahead of a ruling on how much it can pocket from a $98 million settlement.
A litigation funder for two franchisee class actions against 7-Eleven has asked a court for a $16.6 million payout to cover its costs before a judge rules on how much it can pocket from a $98 million settlement.
A judge has questioned whether class actions are the best way to resolve underpayment disputes during a hearing on a settlement in two class actions against supermarket chain Romeo's, which one group member called “criminally unfair.”
A law firm is seeking a funding equalisation order to have all group members contribute to the $630,000 legal bill it racked up in running an underpayments class action on behalf of Drakes store managers that has settled for $2 million.
Nick Scali has been ordered to refund a disgruntled customer $1,600 for a white leather chair that discoloured mere months after use.
The former CEO of failed electronics retailer Dick Smith should be held responsible for approving two dividend payments worth $28.5 million which the company could not afford to pay given it owed millions in unpaid bank loans and supplier debts, an appeals court has heard.
Cotton On has settled court proceedings brought against rival surf and streetwear label Ghanda for threatening it with a copyright and trade mark infringement lawsuit.
A judge has allowed the plaintiffs in a lawsuit over a Myer joint venture to tender extra evidence, after a $100,000 miscalculation was discovered during cross-examination in the final days of a hearing.