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Herbert Smith Freehills warned Arrium of insolvent trading risk, court told
Restructuring & Insolvency 2021-03-02 5:43 pm By Miklos Bolza

Doomed iron and steel giant Arrium attempted to stave off its inevitable $2.8 billion collapse and put off negotiating with its lenders until the last […]

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Arrium ‘bled cash’ from banks prior to $2.8B collapse, court told
Restructuring & Insolvency 2021-03-01 3:04 pm By Miklos Bolza

Directors of steel producer Arrium continued to borrow money from “vulnerable” lenders in the months prior to the company’s $2.8 billion collapse and “bled cash” […]

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EY strikes back in Pitcher Partners class action over Slater & Gordon audit
Accounting 2021-03-01 2:04 pm By Spencer Fowler Steen

Professionsal services giant EY has added to the many cross-claims flying in the shareholder class action against Pitcher Partners over advice to law firm Slater […]

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ACCC’s cartel case against crane company incoherent, court told
Competition & Consumer Protection 2021-03-01 1:31 pm By Spencer Fowler Steen

The ACCC’s cartel case against family-owned crane company NQCranes suffers from ‘incoherence’, the company’s counsel told the Federal Court on Monday ahead of an application […]

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Surfstitch class action lawyers’ conduct not ‘egregious’, but payout should be capped, judge says
Class Actions 2021-02-22 3:19 pm By Miklos Bolza

A judge has signed off on a settlement in two shareholder class actions against clothing retailer Surfstitch, but has capped the legal costs and commissions […]

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Class actions can’t pursue insurance brokers to boost Quintis settlement, court hears
Class Actions 2021-02-18 1:45 pm By Miklos Bolza

Two insurance brokers have dodged being dragged into class action proceedings against sandalwood producer Quintis to boost a settlement reached last year, as a fight […]

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Ex-Johnson Winter & Slattery clients can’t subpeona Optus, Telstra for lawyer’s phone records
Professional Negligence 2021-02-17 11:14 pm By Christine Caulfield

A judge has shot down an attempt by former Johnson Winter & Slattery clients to secure records of phone calls by their solicitor to corroborate […]

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Labor party slammed for ‘draconian’ laws in Victorian MP’s branch stacking case
Policy and Regulation 2021-02-17 6:16 pm By Miklos Bolza

A Victorian Labor MP accused of branch stacking has attacked the charges against her as invalid, telling the Victoria Supreme Court that they were brought […]

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GetSwift slammed for ‘unfair attack’ on judge hearing class action, ASIC case
Class Actions 2021-02-15 7:18 pm By Miklos Bolza

GetSwift has been criticised for its “quite unfair attack” on a Federal Court judge who refused to disqualify himself from hearing a shareholder class action […]

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Liquidators say Arrium directors should have known about ‘liquidity crisis’ sooner
Restructuring & Insolvency 2021-02-15 3:41 pm By Miklos Bolza

The directors of steel giant Arrium, which collapsed owing $4 billion in debts, should have known earlier that the company was in a “liquidity crisis” […]

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