Mayfair director James Mawhinney has been blocked from talking to investors ahead of a hearing on an application to wind up the IPO Wealth fund, after a judge raised concerns about investors being “misled and coerced” by the investment hotshot.
Virgin Australia has been ordered to return four jet engines to the United States, after a court found the embattled airline and its administrators failed to properly hand over the engines and other equipment to their owners.
Irate bondholders of Axsesstoday Limited, which collapsed in 2019 after breaching its loan term conditions, have filed a class action against the asset finance lender and its accountant PwC seeking to recoup their losses.
International hip-hop star Jay-Z has quietly settled his spat with Australian children’s book manufacturer The Little Homie for what his lawyers called “flagrant, glaring and contumelious” intellectual property infringement.
An independent costs consultant has raised concerns about the legal costs sought by Maddens Lawyers from a $5.7 million settlement of the Falls Festival class action after the senior barrister leading the case delayed signing off on his rates with the law firm for a year.
A judge whose conduct towards lawyers for a father in a Family Court case was condemned by an appeals court as “cruel, insulting, humiliating and rude” has been transferred to the Brisbane registry and has been ordered to receive judicial training on appropriate behaviour in court.
A new class action against S&P Global is facing potential delays as the two lead applicants — one embroiled in a battle over its funding agreement — ready for a fight over when to serve the lawsuit on the global ratings agency.
The receivers for funds manager Equititrust, who are suing the name partners of law firm Tucker & Cowen, have failed in their bid to have further security for costs paid in the form of deeds of indemnity, despite telling the court that funder Vannin might withdraw its support for the litigation.
A judge has criticised “inflammatory” and misleading comments Mayfair 101’s director made to investors regarding attempts to wind up firms associated with the IPO Wealth investment scheme.
A judge has slammed the lawyers in a $27 million trust dispute between a Chinese machinery company and law firm Clyde & Co for engaging in “inflammatory” correspondence instead of properly conferring before bringing their case to court.