Law Firms

An ASX shareholder has won an interim bid to file a derivative case against several former directors over its CHESS replacement project, but a challenge over whether the case can proceed is still on the cards.

Financial planner Fortnum Private Wealth has been hit with a $1.35 million penalty after admitting it failed to implement adequate cyber security systems, after a breach led to the data of 9,000 customers being published on the dark web. 

Law firm Levitt Robinson has denied malicious intent in the use of a cartoon depicting a petrol bowser with devil horns to advertise a class action against United Petroleum.

The lead plaintiff in a class action over allegedly worthless extended warranties sold by JB Hi-Fi has said he believed that after the manufacturer's warranty expired, no remedy would be available to him under the Australian Consumer Law.

Insurance underwriter Tokio Marine has denied misleading US investment firm White Oak by staying silent on alleged issues with an IAG policy keeping Greensill's supply chain financing business operating. 

The director of a builder behind an apartment block in Melbourne's Caulfield South has won a challenge to a decision adding him as a respondent in a defects case brought by the development's owners corporation.

A Victorian developer seeking to recover $6.5 million from the builder on a Gardenvale residential project has lost its bid to avoid paying security, with an appeals court finding there was a risk it could not meet an adverse costs order.

Law firm Mills Oakley is seeking summary judgment in a lawsuit alleging it gave negligent advice about demolishing an inherited property, which allegedly resulted in the loss of a capital gains tax exemption.

A contradictor has urged a judge to reject an $18 million settlement in a class action over sinking homes, saying that owners' claims that were excluded had not been fully investigated.

After baulking at paying for their Rolls-Royce defence, Greensill investor White Oak has been ordered to pay a total of $13 million in security to insurers IAG, Tokio Marine and BCC for their costs of a 35-day trial.