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Court tosses Ponzi scheme investor’s $75M claim against liquidator Grant Thornton
A court has thrown out a $75 million compensation claim filed by an investor in a Ponzi scheme alleging liquidator Grant Thornton Australia and its lawyers Colin Biggers & Paisley failed to return his funds expeditiously.
APRA ordered to hand over ASIC chats about IOOF exec
APRA has been ordered to hand over all of its correspondence with fellow regulator ASIC relating to former IOOF chairman George Venardos, as he prepares to argue privilege over discovery that might incriminate him in any possible ASIC proceedings.
$6M class action settlement is one claim under insurance policy, Bank of Queensland says
The Bank of Queensland has criticised a judgment which found the bank's insurance policy left it on the hook for a $6 million settlement of a class action brought by investors in a multi-million dollar Ponzi scheme by jailed fraudster Bradley Sherwin.
Viva Energy can’t block arbitration in oil tanker dispute, judge says
A judge has sent a dispute between oil giant Viva Energy and a Panama-based oil transporter over petroleum allegedly contaminated during transport into arbitration.
Trial in Fitch Ratings class action delayed a second time
A battle over expert evidence in an invester class action against Fitch Ratings has delayed this month's scheduled trial in the case by three months and forced the court to send the parties' experts into conclaves.
Queensland Sugar in sweet victory as Wilmar negligence case dismissed
Industry-owned Queensland Sugar Limited has succeeded in dismissing a court case brought by Wilmar Sugar Australia after record-high rainfalls led to a $60.8 million loss in 2010.
Arnold Thomas & Becker loses bid for quick dismissal of ex-client’s lawsuit
A self-represented former client of personal injury firm Arnold Thomas & Becker has successfully blocked an application for summary judgment in a dispute that alleges the firm advised him to accept settlement of his workplace sexual assault case so they could receive their costs.
Sims Metal hits back at class action, says group members responsible for losses
Recycling company Sims Metal Management has responded to a shareholder class action ahead of a hearing on Tuesday, denying it breached its continuous disclosure obligations and partially placing the blame for any losses at the feet of group members.
Law firm can’t see rival’s client addresses in case over allegedly defamatory WeChat message
A judge has dismissed an application by an Australian-Chinese law firm for access to documents from a competitor -- including addresses of clients --  in a case alleging its rival published a defamatory message on the WeChat network.
Paltar Petroleum to be wound up after judge finds ‘too much uncertainty’ in DOCA
Oil exploration company Paltar Petroleum will be wound up after a judge rejected a proposed deed of company arrangement as containing "too much uncertainty".