An investor class action against failed advisory firm Linchpin Capital has sought court approval of a $12.15 million settlement with insurer AIG, which will leave 176 group members to share in $7.2 million after deductions.
The ACCC has taken car importer LDV to court for allegedly representing to consumers that certain car models were durable and suitable for off-road conditions, when in reality they were prone to rusting within five years of purchase.
Clorox has been hit with a $8.25 million penalty for representing to consumers that certain GLAD garbage bags were sourced from plastic fished from the ocean.
The High Court has agreed to hear an Australian fashion designer’s appeal in a long-running trade mark dispute with pop star Katy Perry.
Herberts Smith Freehills has bolstered its real estate group, snagging a Corrs Chambers Westgarth partner with expertise in complex real estate transactions.
Details of a settlement with AIG in a class action by investors in failed Linchpin reveal the insurer has paid out all of a $10 million policy and will hand over another $2.15 million in interest and costs.
The state of Victoria can’t set aside a liquidator’s disclaimer over hazardous waste in a property rented by collapsed marine safety flooring company Fordex, with a judge finding the landlord’s rights over the property and waste were not terminated by the disclaimer.
Mills Oakley has hired two new partners for its financial services and national property teams.
A class action brought by investors of failed advisory firm Linchpin has reached a settlement with insurer AIG — the last remaining defendant in the case.
Paint maker AkzoNobel must produce a document history log that includes embedded comments from its lawyers at Clayton Utz, in a dispute over alleged defective coating used on the $45 billion Ichthys natural gas project.