Property developer Deicorp has secured a win in a lawsuit brought by a Hong Kong real estate billionaire after Deicorp reneged on a $45 million property deal, with a judge finding the purchaser failed to properly nominate its special purpose vehicle under the contract for sale.
A judge has rejected an art collector’s bid to enforce a settlement in litigation against the publisher of the Sunday Telegraph over an allegedly defamatory story concerning his purchase of a painting by Australian artist Del Kathryn Barton, finding he had lied about the story being false.
A judge won’t make HWL Ebsworth managing partner Juan Martinez the representative defendant in a former partner’s $4.4 million lawsuit against the firm, saying Martinez’ interests and those of the other partners could diverge.
A $50,000 settlement agreement between Nationwide News and an art collector who alleged he was defamed by a Sunday Telegraph article was invalid because the dealer lied to the publisher, a court has been told.
The managing partner of HWL Ebsworth, who has been targeted in a lawsuit by a former equity partner over the law firm’s aborted IPO, is resisting efforts to be named as representative defendant in the case.
National law firm HWL Ebsworth expelled a former equity partner ahead of its failed initial public offering specifically so he would not participate in the IPO and “others would benefit to a greater extent”, a court has heard.
A challenge to a judgment which found that one partner of a corporate insolvency firm “ambushed” the other to leave the business has been partially overturned by an appeals court.
A judge has rejected a proposed common fund order in the settled KPMG class action, saying the funder’s commission was “arguably excessive” and could result in a “stratospheric” return to the firm.
Accounting firm Grant Thornton has thrown off prior concerns and agreed to take on the dual role of scheme administrator of a confidential settlement by KPMG in the Discovery Metals shareholder class action and costs contradictor of Piper Alderman’s $3.5 million legal bill.
The settlement of the Discovery Metals investor class action against KPMG has experienced another setback, after scheme administrator Grant Thornton flagged a potential conflict of interest in acting as a costs contradictor over Piper Alderman’s controversial $3.5 million legal bill.