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Cornerstone liquidators can sign funding pact for $46M case against PwC
Professional Negligence 2022-08-30 2:00 pm By Sam Matthews

A judge has granted the liquidators of Cornerstone Investment Australia leave to sign a funding agreement for the insolvent tertiary education provider’s $46 million professional […]

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Mawhinney slammed for taking lawyers’ reputation ‘hostage’ in ASIC appeal
Financial Services 2022-08-26 11:50 pm By Sam Matthews

The former legal representatives of James Mawhinney have hit back at allegations of incompetence by the embattled Mayfair 101 founder on the last day of […]

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Arrium class action fights $8M security bid, says directors not owed costs of ‘Rolls Royce’ defence
Class Actions 2022-08-16 11:51 pm By Sam Matthews

Shareholders in a class action against Arrium and KPMG are fighting an $8 million security for costs order sought by former directors of the failed […]

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Judge approves $52M settlement in Takata airbags class actions
Class Actions 2022-08-15 11:38 pm By Cat Fredenburgh

A judge has approved a $52 million settlement is six class actions against car makers for allegedly selling cars fitted with deadly Takata airbags, under […]

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Ex-Fuji Xerox execs settle suit over $450M accounting scandal
Accounting 2022-08-11 11:42 pm By Cat Fredenburgh

Two former executives at Fuji Xerox’s Australian unit have settled a lawsuit over their roles in a $450 million accounting scandal that has also ensnared […]

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IAG agent at heart of controversial Greensill funding wins more time for defence
Insurance 2022-08-10 2:09 pm By Cindy Cameronne

Fired underwriter Greg Brereton has been granted an extension to respond to lawsuits targeting Insurance Australia Group over trade credit policies covering $4.6 billion in […]

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Enviro group derails Chinese mining company’s plans for Tasmanian waste site
Environment 2022-07-26 11:27 pm By Sam Matthews

A government-approved plan to build a waste facility in western Tasmania has been parked,  after environmental campaigners won a judgment declaring the federal government’s approval […]

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PwC partners knew of unlawful dividend payment to Cornerstone director, court told
Professional Negligence 2022-07-22 9:55 pm By Cindy Cameronne

PwC partners are facing “very serious” allegations that they had actual knowledge that a $30 million dividend payment to the director of now defunct tertiary […]

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‘We can make a really strong case’: ANZ hopeful of ACCC approval for $4.9B Suncorp buy
Competition & Consumer Protection 2022-07-18 11:10 pm By Christine Caulfield

ANZ is optimistic its proposed $4.9 billion acquisition of insurer Suncorp’s banking unit will be cleared by the competition regulator, and is counting on the […]

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Bayer wants to amend Xarelto patent at centre of Sandoz’s invalidity claim
Intellectual Property 2022-07-15 11:37 am By Christine Caulfield

German pharmaceutical giant Bayer, which is facing a legal bid by generic drug maker Sandoz to invalidate patents covering blood clot drug Xarelto, is seeking […]

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