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Mayfair’s James Mawhinney wants High Court to shut down ASIC case
The founder of beleaguered investment group Mayfair 101, James Mawhinney, has asked the High Court to overturn his own successful Full Court appeal of a decision that saw him banned from soliciting funds or promoting any financial product for 20 years.
Ruby Princess COVID-19 outbreak ‘no accident’, class action trial hears
A COVID-19 outbreak aboard the Ruby Princess that left 28 people dead was “something that was very likely to happen” and the cruise should never have sailed, a court heard as a class action trial against Carnival PLC kicked off.
Paltry pay day for IPO Wealth investors as $5.6M class action settlement approved
Investors in Mayfair Group’s collapsed IPO Wealth Fund have clawed back only a fraction of their alleged $67 million losses after a judge approved a settlement in a class action alleging the fund’s trustee misled unit holders.
PTTEP’s appeal of class action ruling delayed as lawyers, funder engage in secret stoush
PTTEP Australia's appeal of a class action finding that it breached a duty of care to thousands of farmers impacted by the 2009 Montara oil spill has been put on hold amid a fight between the funder and lawyers that is cloaked in confidentiality.
Funder’s commission holding up Opal Tower class action settlement
A $13 million commission sought by the funder that bankrolled the Opal Tower class action is stalling settlement approval, as debate continues over whether the funder can recoup the costs of after-the-event insurance from group members.
Employsure suffers partial loss in appeal by defecting employees
Workplace relations heavyweight Employsure has suffered a partial defeat in appeals brought by rival ELMO Software and two former employees seeking to jump ship to a competitor.
Howden can’t use expert report in ‘wasteful’ patent application against Minetek
A judge has refused a bid by manufacturer Howden to use an expert report before IP Australia in a dispute accusing rival Minetek of misappropriating confidential information for an industrial fan patent, saying it was “wasteful” when a similar dispute was already before the court.
Court finds Globaltech, Boart Longyear infringed mining patent
A judge has found mining tool company Globaltech and mineral exploration company Boart Longyear infringed a patent for a mining tool owned by Australian Mud Company.
Teleco contractor BSA can’t get costs for winning class action side spat
Teleco contractor BSA, which resolved a class action by its workforce for $20 million, won't be recouping the costs of legal action to exclude a $13 million capital raising from the settlement.
HWL Ebsworth defeats ex-client’s appeal over property sale
Law firm HWL Ebsworth has defeated a Brisbane property developer's appeal of a ruling that found the firm did not owe the former client damages for its negligence in failing to properly follow instructions on a contract of sale for large block of units.