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Former Nuix CEO has ‘no faith’ in pre-trial mediation in $180M case
The former CEO of Nuix has shot down the suggestion of pre-trial mediation, which he said was unlikely to resolve his $180 million claim against embattled tech company.
Macquarie plays blame game with car dealers in flex commissions class action
Macquarie Leasing has hit back at a class action over alleged unfair flex commission arrangements with car dealers, saying dealers were not required to propose high interest rates as part of the scheme and that customers were not forced to accept them.
IOOF unit settles ASIC’s cybersecurity test case
IOOF unit RI Advice has agreed to settle novel proceedings brought by the Australian Securities and Investments Commission claiming it failed to protect its clients against cybersecurity risks.
Maurice Blackburn prevails in State Street appeal over Fearless Girl
Maurice Blackburn has successfully defeated an appeal of a judgment that found the law firm did not breach the intellectual property rights of US financial services giant State Street Global Advisors by displaying a replica of the world renowned Fearless Girl statue in Melbourne.
Toyota could owe $2B in class action after judge finds cars were defective
Toyota could owe close to $2 billion in compensation to 260,000 car owners after a judge found that diesel filters installed in its Hilux, Fortuner and Prado models were defective and that the cars were sold for more than they were worth.
IAG investigates underwriter accused of issuing unauthorised Greensill policy
Insurance Australia Group is investigating the underwriter behind an allegedly unauthorised trade credit policy issued to Greensill Capital, according to a defence by the insurer in a $43 million case brought by a Credit Suisse supply chain fund left heavily exposed after Greensill's collapse.
Connective directors hit with indemnity costs for ‘outrageous’ conduct in shareholder stoush
The directors of mortgage aggregator Connective Services have been hit with indemnity costs for their "outrageous conduct" in pursuing litigation against a company shareholder, including giving false statements and destroying evidence.
Macquarie a ‘knowing participant’ in Connective shareholder oppression, court says
Two directors of mortgage aggregator Connective engaged in oppressive conduct towards a minority shareholder and Macquarie Bank was a "knowing participant" when it acquired $5 million worth of shares in the company, the NSW Supreme Court has found.
Gilbert + Tobin managing partner to step down after 30 years ‘in the trenches’
Gilbert + Tobin co-founder Danny Gilbert will step down from his role as managing partner of the law firm, saying it was time to open up the leadership to the next generation.
Court appoints contradictor in class action funder’s challenge to MIS rules
The Full Federal Court has appointed a contradictor to "take up the cudgels" against funder Litigation Capital Management, which has challenged a judgment refusing to find that a class action filed against Queensland electricity operators was not a managed investment scheme.