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Twigg family sues Pitcher Partners for $127M
The Twigg family has hit accounting firm Pitcher Partners with a lawsuit claiming it helped Max Twigg, race car driver and former owner of the Byron Bay Hotel, misappropriate $127.8 million in family trust money for himself.
MIS regime ‘just cannot work’ for class action funding arrangements, court told
A litigation funder challenging a decision underpinning recently enacted rules that require class actions to be registered as managed investment schemes told an appeals court Wednesday the decision was plainly wrong and the regime unworkable.
ANZ ordered to hand over documents in long-running pregnancy discrimination case
A former ANZ employee has won her bid to discover a range of documents in her long-running dispute with the bank over alleged discrimination related to her pregnancies with her first two children.
‘Chickens coming home to roost’: NSW faces multiplying claims by junior doctors
The New South Wales government has pushed to consolidate a class action accusing it of failing to pay overtime hours to junior doctors with multiplying industrial actions filed by Australian Salaried Medical Officers' Federation.
Insurer Bond & Credit Company points finger at Greensill Group
Insurer Bond & Credit Company has denied it owes damages over the collapse of the Greensill group, saying it issued a trade credit policy at the centre of four lawsuits because the supply chain financing firm concealed its risks and made fraudulent misrepresentations.
Forex Capital liquidators win ‘urgent’ order for $69.5M distribution to customers
Forex Capital Trading liquidators have won an “urgent” bid for orders allowing them to distribute $69.5 million to 8,600 former customers of the derivatives trader which allegedly gave misleading advice on products described as “little more than gambling”.
Man suing judge for unlawful imprisonment blasts ‘hopeless’ defence
The state of Queensland has brought a "hopeless" defence in a $2.5 million suit alleging a Federal Circuit judge unlawfully imprisoned a Queensland man for contempt after he failed to comply with an order for particulars, a court has heard.
Suncorp Group settles class action ahead of 25-day trial
A unit of Suncorp Group has reached an in-principle settlement in a class action over alleged conflicted remuneration on the first day of an expected 25-day trial.
Treasury Wine’s blackout of board papers ‘not justified’, class action judge says
A shareholder class action against Treasury Wine Estates has won access to information said to prove there were reduced wine sales in the United States, with a judge finding the wine producer's redactions of board papers were “not justified”.
Uniden found to have infringed radio design patent of rival GME
A judge has found that Uniden infringed rival GME’s design patent for a handheld radio, derailing the company's plan for an Australian launch of two products.