Keystone Asset Management liquidators have won expanded freezing orders to cover all property, bank accounts and luxury cars up to $158 million owned by developer Robert Filippini and related entities.
Two failed shareholder class actions against Commonwealth Bank have been returned to a judge to decide if ‘no transaction’ claims can still be pursued, a move CBA argues is a way to keep alive cases that are “truly dead”.
An ex-Keystone director has raised concerns that expanding a freezing order over his assets would impact his ability to pay his solicitors at law firm Corrs Chambers Westgarth.
Following the failure of two class actions to prove market-based loss from the Commonwealth Bank’s disclosure breaches, the bank is fighting the class actions’ bid to pursue individual ‘no transaction’ cases, saying they were “trying to keep something alive that is truly dead”.
Insurers Bond & Credit Company and Tokio Marine can’t eyeball advice given by Ashurst to lender White Oak in a dispute over the collapse of supply chain finance company Greensill.
Lender White Oak has argued it can shield an email that repeats legal advice from Ashurst that was accidentally disclosed to insurers Bond & Credit Company and Tokio Marine, which it has sued over the collapse of supply chain finance company Greensill.
A judge hearing a class action over the collapse of mining company Cudeco has questioned why, despite an in-principle settlement being reached with auditor KPMG, the parties have not sought to formally dismiss the claim.
Jetstar is seeking an initial trial on an issue it claims will be a “silver bullet” against a class action on behalf of hundreds of thousands of customers whose flights were cancelled during the COVID-19 pandemic.
Private equity firm Goldstone has lost its bid to lodge an appeal before damages are determined, after a judge found it invalidly terminated its managing director’s employment for standing in the way of a deal with her business partner’s son.
A class action against Qantas has characterised the airline’s document discovery as “wholly inadequate” and is resisting a bid by the airline for six more months to produce senior management emails.