Private equity firm Goldstone has cited an “irretrievable breakdown” in the relationship between shareholders in seeking to appeal a ruling that found it liable for oppression.
Legal experts say climate-related litigation will continue — and even increase — despite a judge’s dismissal this week of a class action by Torres Strait Islanders alleging the government was negligent in failing to protect them from the harmful effects of climate change.
A judge has found that there is no need to revise the 27.5 per cent group costs order secured by Slater and Gordon following the consolidation of two class actions against Insurance Australia, despite the likelihood of a larger payout to the firm.
The legal watchdog’s latest case against the owners of a Melbourne law firm — part of countless “collateral” proceedings between the parties — should be fixed for a final hearing ASAP, a judge has said.
Glencore Coal has lost its case against the Port of Newcastle alleging it has been overcharged shipping fees based on a determination by the competition watchdog.
A unit of developer Dennis Family Corporation has been hit with a class action by buyers of apartments in a Brisbane estate who claim their contracts were wrongly terminated when neighbouring property values soared.
Global law firm Clifford Chance has launched a construction practice in Australia after nabbing a special council from Pinsent Masons to lead the group.
Auditor KPMG has hit back at a shareholder class action over water treatment business Phoslock’s alleged accounting irregularities, saying it should be completely relieved from paying damages since it acted honestly.
ASIC has opposed a bid by online investment platform eToro to rely on late expert evidence in the regulator’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.
The liquidator of six companies linked to the nephew of former Nudie Juice founder Andrew Binetter has secured approval for a settlement in a case over the fallout of a massive tax evasion scheme.