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Deloitte partners don’t have access to Hastie files, court told
Accounting giant Deloitte is digging in for a fight over a court order to produce documents to a shareholder class over the firm's auditing of collapsed engineering company Hastie Group, saying partners forced to hand over the files don't have access to them.
Class action says mortgage investment firm charged excessive fees
An Australian mortgage investment manager has been hit with a class action, alleging it charged excessive fees on loans and made misleading representations to borrowers.
Mortgage firm can’t shut down derivative suit over Macquarie Bank sale
Mortgage aggregator Connective Group has lost an appeal of a ruling that gave the greenlight to a shareholder's derivative lawsuit against company directors and Macquarie Bank over the sale of 25 percent of the business to the bank.
Australia, Canada settle patent fight over commemorative coins
An international IP dispute between the Royal Australian Mint and its Canadian counterpart over a patent for printed commemorative coins has settled, three months after Australia revealed its "knockout claim" in the case.
Class action funders’ $92M windfall: the last of the big paydays?
The $92 million payout to two funders that financed the recently settled S&P Global class actions shows the need for continued scrutiny of litigation funding agreements, experts say, but whether it is a sign of windfalls to come or is a ghost of commission's past is another question.
Judge questions size of Westpac’s $35M settlement with ASIC
A Federal Court judge on Monday held off on approving Westpac's $35 million settlement with the corporate watchdog over responsible lending law breaches, saying the amount seemed too high.
Mercy Hospital can give pregnant Jehovah’s Witness blood transfusion if needed
Mercy Hospital for Women in Melbourne can give a pregnant 17-year-old Jehovah's witness a blood transfusion if her life is at risk during or after childbirth, a judge has found, despite the girl's refusal to consent on religious grounds.
Banksia class action funder avoids extra costs despite ‘ulterior motive’
The litigation funder that unsuccessfully sought to block a shareholder from opposing a $64 million class action settlement over the collapse of Banksia Securities is not on the hook for indemnity costs despite bringing the injunction with an ulterior motive.
Judge trims class action against Commonwealth Bank
A judge has struck out part of a class action against the Commonwealth Bank of Australia that alleges it kept investors in the dark about deficiencies in its systems for monitoring money laundering and terrorism financing risks, saying it wasn't clear what the bank was expected to disclose.
Bellamy’s wants judge to limit costs of competing class actions
A year after the Federal Court issued its important ruling on competing class actions and foreshadowed orders prohibiting duplicative legal fees, the company at the centre of the proceedings -- organic baby food maker Bellamy's -- has called on the court to make good on its promise about costs.