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ASIC seeks penalties against adviser linked to First Guardian
The corporate regulator is seeking penalty and disqualification orders against a financial adviser whose businesses allegedly earned $37 million for spruiking the collapsed First Guardian fund, a court has heard.
Nuix loses appeal against insurers over $20M in legal bills
Nuix has lost its appeal of a ruling that found it must pay $20 million in legal costs before its insurers must cover its bills for defending multiple class actions and an ASIC case over its $1.8 billion float.
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Enviro group loses injunction bid over NT savanna bulldozing plans
An activist group can't block the owners of Claravale Station from clearing almost 3,000 hectares of savanna in the Northern Territory, with a judge finding it would be difficult to prove the government’s decision was legally unreasonable.
‘Spectacular waste of money’: J&J class action fights soft class closure
A class action against Johnson & Johnson over alleged ineffective cold medicine has attacked the pharmaceutical company’s application for soft class closure, telling a court the process would produce useless data and only need to be repeated. 
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Pelligra Group unit validly terminated Melbourne CBD lease, court says
A court has found a Pelligra Group unit validly terminated leases for offices in a Melbourne CBD building rented by Birdies Mini Golf owner Stephanie Doyle after she failed to meet a deadline for agreement on floorplans.
Judge questions Macquarie getting large chunk of $102M Keystone payout
A judge has questioned whether Macquarie Financial should get 70 per cent of an interim $102 million distribution to people who sank their retirement savings into Keystone’s Shield Master Fund, which is being investigated for misuse of investor funds.
Keystone director must hand over books, bank statements
Former Keystone Asset Management director Paul Chiodo has been ordered to produce books in his possession as well as bank account statements of family members, as he defends himself in a case over alleged misappropriated money.
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Developer must produce books, bank statements in Keystone probe
Former Keystone Asset Management director and developer Paul Chiodo has been ordered to produce books in his possession as well as bank account statements of family members, as he defends himself in a case over alleged misappropriated money.
Judge scolds Cudeco class action for security default when it ‘knew it was coming’
After pocketing a partial settlement in the case, the funder behind a class action over the collapse of mining company CuDeco has copped criticism by a judge for defaulting on orders for security for defence costs.
Construction PRO
Liquidator to sell Falcon director’s $9M Hawthorn property
Receivers appointed in proceedings against Falcon Capital, the firm behind the First Guardian Master Fund, have won orders to sell a $9 million Hawthorn property owned by the company's director.