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‘A disappointing result’: Judge approves $25M settlement in Dick Smith class actions
A judge has approved a "disappointing" $25 million settlement in long-running class action litigation over the collapse of electronics retailer Dick Smith with claims worth hundreds of millions of dollars.
High Court to hear Glencore shipping fee fight with Port of Newcastle
The High Court will weigh in on a dispute between the Port of Newcastle and mining giant Glencore over access charges to shipping channels used to export coal from the Hunter Valley.
Epic Games brings competition case against Google over in-app purchases
Fortnite developer Epic Games has filed a lawsuit against Google for alleged anti-competitive conduct and misuse of market power, after launching a similar claim against Apple in November.
Herbert Smith Freehills says Arrium lenders ‘a million miles away’ from properly run case
Law firm Herbert Smith Freehills has attacked a lawsuit brought by a group of lenders against collapsed steel giant Arrium, rejecting claims that $430 million in loans was borrowed under misleading or deceptive representations.
Former Arrium group treasurer rejects liquidators’ ‘infected’ insolvency case
The former group treasurer of collapsed steel giant Arrium has hit back at claims brought by the company's liquidators that it was trading while insolvent, arguing the case had been 'infected' by evidence from an expert who was also a plaintiff in the case.
Apple doesn’t have to produce info on Australian users in Epic Games competition case
Tech giant Apple will not be forced to hand over documents about Australian users to Epic Games ahead of argument on Apple's application to shut down the game maker's competition case, a judge has ruled, likening Epic's imprecise notice to produce to the "cheerful pastime of drift netting".
Herbert Smith Freehills warned Arrium of insolvent trading risk, court told
Doomed iron and steel giant Arrium attempted to stave off its inevitable $2.8 billion collapse and put off negotiating with its lenders until the last minute despite warnings from its legal and financial advisors, liquidators for the company told the court.
Arrium ‘bled cash’ from banks prior to $2.8B collapse, court told
Directors of steel producer Arrium continued to borrow money from "vulnerable" lenders in the months prior to the company's $2.8 billion collapse and "bled cash" despite the inevitable end, a number of lenders have said on the first day of a 40-day trial in the NSW Supreme Court.
Liquidators say Arrium directors should have known about ‘liquidity crisis’ sooner
The directors of steel giant Arrium, which collapsed owing $4 billion in debts, should have known earlier that the company was in a "liquidity crisis" and was trading while insolvent, liquidators for the company allege.
Judge ‘tempted’ to allow Arrium liquidator to give expert evidence at trial
A judge has indicated that he will allow Arrium Group's liquidator to give expert evidence at an upcoming trial in proceedings against the steel giant's former directors over its $4 billion collapse, despite his other role as a party in the case.