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Former CFO dragged into Westpac’s $294M fraud case against Forum Group
The former chief financial officer of beleaguered Forum Group has been dragged into a lawsuit by Westpac seeking to recoup $294 million in funds paid into an alleged fraudulent scheme.
Class closure question expected to go up to High Court
More than 18 months after a split emerged among the courts, the Full Federal Court will weigh in on whether judges have power to shut out unregistered group members from a class action. But given the breadth of the question for the appeals court, the issue is unlikely to be resolved there.
Full Court to weigh in on class closure in Boral class action
The Full Court is set to examine whether the Federal Court has the power to make class closure orders prior to mediation, weighing on one of the biggest unanswered questions vexing the class action regime.
Judge pulls up ASIC for ‘strange’ handling of GetSwift case
A judge has dressed down ASIC over the handling of its action against GetSwift, criticising the regulator's failure to seek a court injunction to prevent the company's relocation to Canada.
Monsanto may face claim for exemplary damages in Roundup class action
A class action on behalf of people who claim they developed non-Hodgkin lymphoma after using Monsanto's Roundup weed killer will argue the agrochemical giant should be hit with exemplary damages for its negligence in selling the herbicide, which the company allegedly knew caused cancer.
IOOF to face expanded misconduct allegations in shareholder class action
A judge has given the green light to expanded misconduct allegations in a shareholder class action against IOOF, including claims of insider trading and front-running.
‘Cranky’ judge slams ‘disgraceful’ year-long privilege fight in class action against Westpac units
A judge has scolded Slater & Gordon and two Westpac subsidiaries for a "disgraceful" privilege spat in a class action over allegedly excessive superannuation fees that he said had "gone badly off the rails".
Forum Finance director says Westpac’s case against him ‘hopelessly weak’
Forum Finance director Vincenzo Tesoriero wants to strike out Westpac's claims against him and has told a court he too is a victim of alleged fraudster Bill Papas, having sunk up to $9 million in the company.
GetSwift mulls appeal of scathing judgment on ‘PR-driven’ approach to ASX statements
Logistics company GetSwift says it is considering an appeal of an 859-page judgment which lambasted the company and its directors' "public relations-driven approach" to announcements on the Australian Stock Exchange.
WA Premier engaged in ‘disgraceful and dishonourable’ conduct, Clive Palmer tells defamation judge
The court has given the green light to an amended defamation defence by Clive Palmer which accuses Western Australia Premier Mark McGowan of "disgraceful and dishonourable conduct" and abusing his position by hastily and secretly enacting legislation that barred the billionaire mining magnate from suing the state for $30 billion.