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The former auditors of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, have been hit with $50,000 in fines for auditing breaches that resulted in the company continuing to trade while being prima facie insolvent.
A former Maurice Blackburn lawyer set to give evidence in a suit against Qantas was not “deliberately avoiding” the trial with an extended hospital stay, but “better evidence” was needed for why he was admitted, a judge has said.
A Federal Court judge has criticised the liquidators of coal mining company Delta for waiting over two years to file insolvent trading proceedings against former directors when the same issues of solvency had already been raised in two other cases.
The Full Federal Court has found that Liberty Mutual Insurance, but not QBE, is required to cover Icon Construction's losses stemming from the Opal Tower disaster, which has caused the builder $31 million in losses.
Six of the world's largest car makers have agreed to settle class actions accusing them of selling cars with deadly Takata airbags.
The widow of mining executive Ken Talbot has lost a bid to act for two of her daughters in a negligence case over the handling of her late husband's estate against law firms Arnold Bloch Leibler and Boyd Legal, with a judge finding claims by the mother and daughters were "directly competing and contrary".
Criminal charges have been laid against the auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, in the first criminal charges brought over auditing services in Australia.
The Corner Hotel is taking another stab at cancelling a rival club's 'jazz corner' and 'jazz corner hotel trade marks', after a judge found the marks did not infringe the famed Richmond pub's 'corner' trade marks.
K&L Gates has bolstered its Australian intellectual property team by nabbing a leading IP lawyer and partner from rival Herbert Smith Freehills.
Australian investment management group Fortius Funds Management has taken retail giant The Just Group to court seeking millions of dollars in allegedly unpaid rent for four stores in Sydney's MidCity Shopping Centre.