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Judge baulks at funder’s 70% commission for case over NewSat collapse
NewSat investor Rockgold Holdings has lost its bid to appoint a special purpose liquidator to run a lawsuit against eight major banks after a judge found its proposed 70 per cent funding fee “wholly disproportionate”.
Mick Gatto loses appeal in defamation case against ABC
Underworld figure Mick Gatto has lost a bid to appeal a decision dismissing his defamation claims against the ABC over an article he said accused him of threatening to kill gangland lawyer Nicola Gobbo.
Scenic hit with damages of up to $25M in class action over luxury cruise turned bus tour
A judge has made a long-awaited award of damages to travellers who were promised a “once in a lifetime cruise along the grand waterways of Europe” but were instead forced to take the bus from city to city.
ACCC appeals ruling over Mazda’s ‘appalling’ customer service
The consumer watchdog is challenging a court ruling that found Mazda's treatment of customers with defective vehicles was "appalling" but did not amount to unconscionable conduct.
Chaser star Julian Morrow deceived co-producer over ABC show The Checkout, court finds
Chaser star Julian Morrow engaged in misleading and deceptive conduct and breached his directorial duties by taking over a joint venture behind the hit ABC consumer affairs program The Checkout while hiding the fact that he was negotiating a seventh season of the series, a court has found.
Judge erred in finding AI can be patent inventor, Full Court says
The Full Court has overturned a landmark judgment which found artificial intelligence can be named as an inventor on patent applications, in a decision which brings Australia in line with findings from courts in the UK, US and EU.
Babcock & Brown shareholders lose bid for re-trial over judge’s ‘pernicious’ delay
The High Court has rejected a bid by shareholders of collapsed investment advisory firm Babcock & Brown for special leave to seek a re-trial of their cases alleging disclosure breaches because of the trial judge's “excessive" three-year delay in delivering judgment.
CBRE wins appeal over allegedly negligent $27.3M valuation
Real estate giant CBRE Group has won its appeal in a dispute with defunct fund manager City Pacific, which claimed the company negligently valued a Queensland marina at $27.3 million in 2006 and caused millions in losses.
‘Most unjust’ to allow new claims in six-year-old CBA class action, judge says
The applicants in a protracted class action against the Commonwealth Bank of Australia brought by borrowers who claim they were forced to default on their commercial loans have lost a bid to amend their pleadings, six years after the case was filed.
‘A remarkable fraud’: Deloitte takes director to court for alleged embezzlement
Deloitte has secured a freezing order on the assets and bank accounts of a director accused of stealing funds from the consulting giant, in what a judge has described as an alleged "remarkable fraud".