Most Recent
Accounting giant Deloitte Touche Tohmatsu will not face cross claims over the collapse of failed retailer Dick Smith when a hearing of three shareholder class actions kicks off in three months.
Shareholders have appealed a ruling that found a "serious problem" with market-based causation and dismissed three cases against the liquidator of failed global financial services firm Babcock & Brown.
A Sydney-based development firm has won limited access to legal documents from Norton Rose Fulbright in a property dispute over redevelopment of the Sydney Fish Markets and a $2.3 million "secret commission".
Sydney-based liquidator David Iannuzzi has been disqualified from serving as an insolvency practitioner for 10 years, in the first case brought by the Australian Tax Office under the Corporations Act's ban on tax avoidance schemes.
The former AMP general counsel who alleges she was bullied and sacked for complaining about the wealth manager's fees for no service was not a whistleblower, but just one of many employees who raised concerns about the practice, the firm has said in a defence to the fired lawyer's $2.7 million lawsuit.
A judge has ordered the legal teams behind two settled Surfstitch class actions to have another crack at the opt out notice, saying the current version is "just too confusing" for group members.
A judge has dismissed three proceedings by shareholders against the liquidator of failed global financial services firm Babcock & Brown, in a finding that highlights "serious problems" with market-based causation and may have ramifications for securities class actions.
A judge has signed off on a settlement of a long-running class action against Westpac unit BankSA, and has ruled the law firm that brought the case has an equitable right to unpaid legal costs for investigating the case before it found a funder.
A judge has ordered all proceedings against Dick Smith to be heard concurrently during a marathon three month trial, after the plaintiffs in a shareholder class action brought against the failed electronics retailer’s insurers aborted a fleeting bid to temporarily discontinue their case.
Online fashion retailer Surfstitch has reached an in-principle settlement in two shareholder class actions, about nine months after an initial agreement to resolve the dispute derailed.