NewSat investor Rockgold Holdings has lost its bid to appoint a special purpose liquidator to run a lawsuit against eight major banks after a judge found its proposed 70 per cent funding fee “wholly disproportionate”.
The High Court won’t hear a challenge to a decision finding a Canberra property developer that misled investors about GST on its apartments did not have to pay for losses alleged in a class action against it.
The husband of Sydney conwoman Melissa Caddick has staked his claim to a share of his late wife’s estate, and asked the court to deliver up a bundle of property, including Caddick’s Gucci wedding dress.
Pest control giant Rentokil has won its case against a former manager over an alleged multi-million dollar fraudulent invoice scheme, with a court ruling the company is owed $3.38 million plus almost $200,000 in interest.
HWL Ebsworth managing partner Juan Martinez is yet again the target of a lawsuit, the latest claiming he committed a “fundamental breach” by locking a capital partner out of the office and withholding profits after the partner gave notice.
In yet another blow for the embattled wealth manager, the Australian Securities and Investments Commission has suspended Dixon Advisory’s financial services licence.
Mills Oakley has bolstered its intellectual property practice with the appointment of new partner Lisa Egan, who will be based in the firm’s Melbourne office.
A judge has made a long-awaited award of damages to travellers who were promised a “once in a lifetime cruise along the grand waterways of Europe” but were instead forced to take the bus from city to city.
The High Court has rejected a bid by shareholders of collapsed investment advisory firm Babcock & Brown for special leave to seek a re-trial of their cases alleging disclosure breaches because of the trial judge’s “excessive” three-year delay in delivering judgment.
The Full Court has overturned a landmark judgment which found artificial intelligence can be named as an inventor on patent applications, in a decision which brings Australia in line with findings from courts in the UK, US and EU.