Lender WholeCap has lost its bid for a “break fee” and $430,000 in legal costs billed by King & Wood Mallesons associated with a term sheet for a proposed $66.1 million loan to a Harbour Land entity.
A judge has criticised the approach McDonald’s has taken to discovery in a rest breaks class action, noting that that despite having a team of 66 legal personnel working on the case, the fast food chain is still in default of court orders.
A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company’s financial position, a court has heard.
ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors.
The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm’s administrator.
Mills Oakley has hired two new partners for its financial services and national property teams.
A unit of collapsed start-up StrongRoom AI has warned creditors of its parent company that recent freezing orders need to be tweaked to allow it to continue trading, or there may be little money left to argue over.
The lawyer representing applicants in sexual harassment and discrimination class actions against mining giants BHP and Rio Tinto has said there may be thousands of group members.
A former chief of staff to Deputy Prime Minister Richard Marles has resolved her case alleging she was forced out after complaints of bullying.