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‘I never liked common fund orders anyway’: Judge gives thumbs up to High Court ruling
Class Actions 2020-02-28 12:53 pm By Miklos Bolza

A  judge overseeing a shareholder class action against collapsed engineering group RCR Tomlinson has said goodbye to the common fund order in the case while welcoming last year’s High Court decision preventing these orders from being made at the early stage in class actions.

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ASIC wins unconscionable conduct case against OTC derivatives issuer AGM Markets
Financial Services 2020-02-27 10:28 pm By Cat Fredenburgh

ASIC has notched up a win against derivative issuer AGM Markets and two of its authorised representatives, with a court finding they engaged in misleading, deceptive and unconscionable conduct that caused investor losses of over $30 million.

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IOOF unit’s appeal targets Sparke Helmore
Legal Ethics 2020-01-13 4:48 pm By Miklos Bolza

An IOOF subsidiary has appealed a $76.6 million judgment finding it breached its duty in the sale of a 46,000 hectare plantation by collapsed forestry giant Gunns Group and shooting down its cross claim seeking to pass liability onto law firm Sparke Helmore.

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From angry clients to angrier ex-partners: law firms felt the sting of litigation in 2019
Business of Law 2020-01-10 11:49 pm By Christine Caulfield

Running a law firm is not without risk, chief among them staring down a lawsuit by a client, an ex-partner or employee, even a rival firm. Last year, Australian firms faced numerous actions alleging everything from sex discrimination to negligence.

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Bankruptcy trustee can rip up agreement giving litigation funder 85%
Restructuring & Insolvency 2020-01-09 2:42 pm By Miklos Bolza

A court has allowed a bankruptcy trustee to drop an “extremely disadvantageous” litigation funding agreement, which provided the funder with an 85 per cent commission, previously signed to pursue a Perth-based engineering and construction company.

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Ousted Piper Alderman partner to expand case against firm
Business of Law 2019-12-09 12:30 pm By Miklos Bolza

A former senior Piper Alderman partner who lodged a sex discrimination case against the firm and was forced off the partnership in June is broadening her case, a court has heard.

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Ex-Piper Alderman partner’s sex discrimination case back on
Business of Law 2019-11-08 10:50 pm By Christine Caulfield

A former Piper Alderman partner who filed a sex discrimination case against the law firm and was ousted from the partnership months later, is pressing on with her legal action, which was stayed while her complaint to the Australian Human Rights Commission played out.

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Quintis founder wins unredacted transcripts of ASIC chats with directors
White Collar 2019-10-23 9:15 pm By Miklos Bolza

Quintis founder Frank Wilson has won his bid for unredacted transcripts of ASIC examinations with six former directors of the failed sandalwood company.

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IOOF unit wins stay of $76M judgment as it mulls appeal of case against Sparke Helmore
Restructuring & Insolvency 2019-10-22 11:00 pm By Cat Fredenburgh

A judge has briefly stayed his $76.6 million judgment against IOOF subsidiary Australian Executor Trustees over the sale of a timber plantation by the collapsed Gunns Group as AET weighs an appeal of the ruling, which dismissed its cross-claim against law firm Sparke Helmore.

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IOOF expects to appeal $80M plantation judgment after losing bid to lay blame on law firm
Financial Services 2019-09-30 10:17 pm By Christine Caulfield

IOOF says it expects to challenge a $80.6 million judgment against subsidiary Australian Executor Trustees over the sale of a timber plantation by the collapsed Gunns Group that left its law firm, Sparke Helmore, off the hook despite a finding that the firm’s advice “fell short”.

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