Ashurst has snagged a leading property investment and development lawyer who advised on $1.5 billion in projects in the Melbourne Docklands from rival DLA Piper to join its projects and real estate team.
ASIC has won a $20 million judgment against derivative trader Forex CT for using “unfair” sales tactics and misleading clients into making trades from which the company would benefit even when they had informed their adviser they had limited financial resources.
Building products supplier Wagners has been awarded $4.8 million from Boral after Wagners successfully challenged a ruling in a high-stakes cement supply dispute with the construction material giant.
Westpac will recoup the majority of proceeds from the $29.6 million sale of collapsed fintech Sargon Group, with a judge calling the company’s liquidators “anxious sellers” who sold at speed and well below market value.
A judge has ordered the applicant in a shareholder class action against former Arrium directors and KPMG over allegedly misleading statements made ahead of Arrium’s $754 million capital raising in 2014 to explain how the amount by which the mining company’s assets were allegedly overvalued was calculated.
Creditors of LGL Commodities might have a right of action against solicitors for the company’s liquidators for failing to comply with court orders and omitting evidence in a case against a former director, a judge has ruled.
News Corp and journalist Annette Sharp will have to pay the legal costs of Sydney lawyer Christopher Murphy who won a $110,000 judgment in his defamation case against the publisher, despite the lawyer rejecting an $120,000 offer to settle the case.
The children of one of Australia’s wealthiest families are locked in a legal battle, with a judge preliminarily allowing the daughter to bring derivative proceedings against her brother for allegedly giving property developer Lendlease options to buy land owned by the trust for which she is a beneficiary for a “significant undervalue”.
High profile criminal lawyer Christopher Murphy has been awarded a $110,000 judgment in his defamation case over a “gossipy and intrusive” Daily Telegraph article which a judge found had damaged the lawyer’s professional reputation.
The Australian Taxation Office has told a judge it would be prepared to “give comfort” to PricewaterhouseCoopers that it will not prosecute the accounting giant for tax offences relating to documents at the centre of a court battle over privilege.