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Fintech firm iSignthis has revealed that it has spent over $1 million in legal costs pursuing its $264 million lawsuit over misleading and deceptive conduct against the Australian Stock Exchange.
Fintech company iSignthis, which initially sought $27 million from the ASX in a suit alleging the market operator's suspension of its share led to lost contracts, has increased the claim for damages to more than $264 million.
A judge has refused to recuse himself from a stoush between litigation funder Vannin Capital and Clive Palmer’s companies over the appointment of a barrister in a claim springing from the long-running Queensland Nickel liquidation case.
AFT Pharmaceuticals has suffered another blow over its Maxigesic advertisements, with a judge finding the marketing material misled consumers by claiming to provide better, faster and more effective pain relief than paracetamol or ibuprofen.
Sydney businessmen Charif and Tarek Kazal have appealed a ruling that found their claims against Gilbert + Tobin over an alleged dishonest scheme to rob them of a 50 per cent stake in a lucrative Sydney waste facility were "fundamentally incoherent".
A lawsuit by iSignthis seeking over $27 million in damages from the ASX has been sent back for revision, after a judge found the fintech had failed to causally link how a report by the exchange led to lost contracts with five clients.
HWL Ebsworth, the law firm at the centre of a coronavirus outbreak, is facing an investigation by WorkSafe that could result in criminal charges for breaches of workplace health and safety laws.
The law firm at the centre of a coronavirus outbreak linked to its Melbourne headquarters is still expecting its Sydney partners to work from the office despite warnings from NSW premier Gladys Berejiklian that the state had reached a "critical point".
Law firm Gilbert + Tobin has won the dismissal of claims brought by businessmen Charif and Tarek Kazal over an alleged dishonest scheme to rob them of a 50 per cent stake in a lucrative Sydney waste facility that a judge said was "fundamentally incoherent".
ASIC has called for a $15 million penalty against National Australia Bank over its scandal-ridden 'Introducer' loan referral program, but a judge has questioned the “superficial” investigations in the case and remarked on the corporate regulator's "pattern" of bringing enforcement action after remediation programs were well underway.