Judges

The applicant in a failed class action by members of NAB's MLC Super fund can't access a settlement deed in a separate class action against the fund trustee, which resolved days after the applicant's case was thrown out.

A judge has struck out an "incoherent" COVID-19 vaccine-related class action, saying someone could go "mad" trying to understand the pleadings in the case.

After running a successful campaign to remove three board members, major Keybridge shareholder WAM Active has convinced a court to end the investment company's administration after it provided a letter of comfort and offer to fund its debts.

ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors. 

A judge has given the Victorian unit of Roberts Co more time to put forward a deed of company arrangement that would save the builder from liquidation, noting liquidation could imperil its projects and subcontractors, who could not bring claims under the SOP Act if it was insolvent. 

A judge has ruled the liquidator of Special Gold can advance claims against Dyldam Developments, which the collapsed Sydney developer has called "hopeless".

A survey initiated by NSW Supreme Court Chief Justice Andrew Bell into the state's practical legal training has found the mandatory program, which can cost up to $12,000, lacks academic rigour and is "rife with cheating".

A franchisee class action against United Petroleum over alleged loss-making Pie Face stores has been ordered to hand over $3.7 million in security, with a judge finding it was not likely to stultify the class action.

Brokerage firm International Capital Markets says a class action over risky financial products must put up or shut up when it comes to claims in the case that neither applicant has standing to bring.