ASIC has won approval to bring claims against troubled regional airline Rex and four of its directors for allegedly misleading investors about the company’s financial position.
The firm that represented the funder of the notorious Banksia class action faces potential proceedings by a group of debenture holders. Meanwhile, Banksia’s receiver wants a court direction that he is justified in not pursuing the lawyers.
The judge hearing ASIC’s case against super fund Cbus has criticised the practice of exchanging concise statements and responses, saying it was a “false economy” of time and cost savings.
A Herbert Smith Freehills mergers and acquisitions partner faces an internal investigation over a tweet aimed at Arnold Bloch Leibler partner Jeremy Leibler.
A judge has ordered Honda to pay $13.6 million in damages to dealer Brighton Automotive in a suit over the car maker’s move away from a dealership model.
A class action against water treatment company Phoslock and auditor KPMG should not be held up until a shareholder that’s stuck in preliminary discovery proceedings files a competing case, a court has heard.
A judge presiding over two competing class actions against Harvey Norman has granted the lawyers more time to confer on whether they can reach a deal to run the cases together.
Dealer Brighton Automative is gunning for $13.9 million in damages after Honda cut its contract off prematurely, with Honda hopeful the figure is more like $12.1 million.
The Melbourne Symphony has hit back at a pianist’s suit over a cancelled recital after he made impromptu comments about the war in Gaza, saying he had no right to make the unauthorised remarks.
The High Court has agreed to rule on whether common fund orders can ever be made in class actions, including so-called solicitors’ common fund orders allowing lawyers to earn a cut of any settlement.