Citigroup has settled a lawsuit alleging it gave a customer conflicted financial advice to invest most of her savings in “risky” products, despite her being an inexperienced investor with limited funds.
Sydney homeowners bringing a class action over homes they claim are sinking into the ground won’t be able to recoup alleged losses from the engineering company that certified the lots for development.
Jan Cameron, founder of Kathmandu and former director of baby food company Bellamy’s, has abandoned her lawsuit alleging a Caribbean Islands-based trust didn’t owe capital gains tax on the 2018 sale of 2.5 million Bellamy’s shares.
A judge has questioned why solicitors representing Twitter personality Stock Swami published a media release about his “backstory” two days before trial in a defamation case brought by mining investor Tolga Kumova.
A judge has indicated that he may allow concrete supplier Readymix to be drawn into a five-year-old dispute over alleged defects in the construction of Sydney’s billion-dollar Lane Cove tunnel.
Real estate marketing platform Campaigntrack has won an appeal of a ruling in an important copyright case over its cloud-based software that accused real estate agency group Biggin & Scott of authorising reproduction of the software’s source code.
Irish insurer Zurich Insurance has appealed a judge’s finding that a class action filed against it in the NSW Supreme Court over a defective New Zealand apartment block could go ahead, arguing the finding was the result of federal overreach.
Virgin Australia will seek to throw out a case brought by former employees over a COVID-19 vaccine mandate, which a lawyer for Qantas and Jetstar, which are also named in the suit, said “breaks every pleading rule”.
Telco contractor BSA has won a bid to ringfence a $13 million capital raising from a $20 million settlement reached with group members in a Shine Lawyers-led class action accusing the company of misclassifying its workforce of technicians as independent contractors.
A judge has signed off on the discontinuance of two class actions against Canberra property developers for allegedly misleading investors about GST on their apartments, after the High Court declined to review a ruling that made the cases “uneconomic” for the funder to pursue.