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A judge has approved a 35 per cent group costs order in a shareholder class action against WiseTech, but said the relatively high rate could be revisited by the court at a later stage in the case.
The law firm running a shareholder class action against WiseTech is seeking a group costs order that would give it a 35 per cent cut of any settlement, arguing the relatively high rate was justified by the risks of running the case.
Construction PRO
The Victorian Court of Appeal has rejected a company's bid to overturn a decision ordering it to pay nearly $10 million in damages for loss of opportunity in relation to a retirement village development.
Construction PRO
Gas giants Esso and Woodside have won their bid to stay a court case related to a project for extracting hydrocarbons in the Bass Strait, with a judge finding the court should apply a 'light touch' when interpreting arbitration agreements.
Construction PRO
The liquidators for landbanking company Aviation 3030 can recover half of a $3.4 million landholder duty from a former director, after a judge found they reaped benefits from indirect ownership in land sold for $135 million in 2018.
Construction PRO
Budget supermarket Aldi has won its appeal of a tribunal decision which found that upper limits on rental increases fell afoul of the Retail Leases Act.
The Australian Grand Prix Corporation will pay $2.84 million in damages for losses incurred by concert organisers for the cancellation of the 2020 Melbourne Formula One cup and a related Robbie Williams concert during the COVID-19 pandemic.
Atomos' former US-based CEO -- who was fired after she failed to relocate to Melbourne -- has lost her fight to stay the video technology company's lawsuit, with a judge finding the dispute over a bridging loan for the international move should be decided under Australian law.
The son of controversial class action lawyer Mark Elliott has hired a big gun barrister to represent him in the Banksia class action proceedings and will be asking the judge overseeing the case against him to step aside.
Barrister Norman O'Bryan SC has abandoned his defence of misconduct allegations stemming from the Banksia Securities class action and expressed contrition to the court for his actions.