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Westpac slams ‘disorderly’ shareholder class action over AUSTRAC disclosures
Westpac has criticized the lead applicant in a class action filed in the wake of AUSTRAC proceedings for the "disorderly" conduct of the lagging proceedings, with discovery yet to be finalized as the case nears its third anniversary.
Arbitrator whose wife repped Gina Rinehart can hear family feud over mining assets
An appeals court has refused a bid by Bianca Rinehart and John Hancock to block an arbitrator from deciding a long-running dispute over valuable mining assets, despite his wife having acted for Gina Rinehart in related proceedings.
Class action funder must indemnify Virgin despite ‘nonsensical’ agreement
A judge has ruled that a litigation funder for an investor class action against Virgin must give the airline an indemnity to bring proceedings despite finding a deed of company arrangement requiring the pay-out “didn’t make sense”.
Class action against Westpac says bank’s discovery not up to Worley standard
Westpac and the lead applicant in a class action filed in the wake of AUSTRAC proceedings are still battling it out over discovery of evidence three years into the case. And the applicant claims the bank's discovery protocol fails the new test set by the Full Federal Court earlier this year.
Law firms’ agency agreement prevails over ‘opaque’ funding in Nuix class action battle
Law firms Shine Lawyers and Phi Finney McDonald have won a contest to jointly run a class action against embattled tech company Nuix, with rival Banton Group losing out on its “opaque” funding agreement.
No jackpot for Aristocrat, with High Court split on computer-implemented inventions
Gaming giant Aristocrat Technologies has lost its legal challenge to a decision that rejected a patent for its popular Lightning Link electronic poker machine, after six High Court Justices were equally split on whether it could be patented.
Globaltech’s mining survey patent faces second challenge
A Globaltech patent for mining survey tools is facing another test, with rival technology company Reflex Technologies lodging an appeal after its invalidity challenge flopped.
Nimble Money wins appeal in shareholder’s bid to peek at books
The largest shareholder in payday lender Nimble has lost its challenge to a decision blocking it from accessing company documents about an impending debt refinance, with an appeals court finding the investor’s concerns had “an air of commercial unreality”.
‘No brainer’ that Arrium was failing when directors drew down funds, court told
Several lenders have appealed a ruling that found they failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse, saying it was a “no brainer” that the company was in dire straits when its directors sought extra funds.
Gilbert + Tobin snaps up K&L Gates construction global co-head
Gilbert + Tobin has lured K&L Gates' global co-head of construction to join its energy and infrastructure practice in Melbourne.