Justice Mark Moshinsky

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

Investors in Falcon Capital's First Guardian Master Fund will recover less than 10 per cent of a $33.5 million loan advanced to an inexperienced Melbourne developer, under a settlement reached by the company's liquidators.

Former Keystone Asset Management director and developer Paul Chiodo will have to produce bank records for himself and family members, after a judge shot down his appeal of a ruling ordering production. 

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 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.

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.

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. 

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.

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.

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.