A judge has removed two liquidators as administrators of a defunct company after finding they abused the court’s processes by demanding $69 million in damages from the directors of water filtration business Billi.
A judge has approved a settlement with former directors of collapsed advisory firm Linchpin Capital under which insurer RiverStone will pay $6.3 million, which will be used to fund the investor class action’s claims against AIG.
Nine is battling to adduce evidence concerning the reputation of Euro Pacific CEO Peter Schiff, as it scrambles to minimise the damages it will owe after abandoning its substantive defences in defamation proceedings by the bank boss.
A judge has approved the discontinuance of an underpayments class action against Tandem, saying it would be “inutile” to press forward with the case after the telco contractor entered administration.
A judge has granted victims of the New Zealand White Island volcano eruption the right to freeze their Australian claims so they can sue cruise operator Royal Carribean in the US state of Florida.
Consumer goods giants Proctor & Gamble and Reckitt Benckiser have been urged by a court not to bury their dispute over marketing of a dishwashing tablet product under a mountain of competing performance tests.
A judge overseeing a $192.5 million settlement in an oil spill class action against PTTEP Australia on behalf of Indonesian seaweed farmers has balked at the “very large” costs sought by Maurice Blackburn for administering the deal, expressing concerns that class action costs are “getting out of control”.
A law firm is probing a shareholder class action against former ASX-listed Salt Lake Potash and auditor EY, alleging the company failed to disclose material information about its financial position before entering receivership in late 2021.
A $47 million settlement in a class action against ANZ — one of three settlements in a series of class actions against the big banks over ‘junk’ consumer credit insurance — was fair and reasonable, a judge has said.
A settlement with directors in an investor class action brought over the collapse of advisory firm Linchpin Capital is in the interests of group members, a judge has said.