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A leading class action and insolvency litigator at Squire Patton Boggs is leaving the firm to launch a boutique outfit with plans to shake up the legal industry, including by bringing class actions on a contingency fee basis.
A last ditch effort to resolve a case brought by a restructuring and insolvency solicitor against Russells Lawyers over his dismissal has failed and the dispute will head to trial this year, more than three years after he was sacked.
Two Deutsche Bank subsidiaries have filed Federal Court proceedings against Spain seeking enforcement of a €59.6 million ($96.3 million) award for losses incurred as a result of changes in the country's renewable regulatory framework.
The Australian liquidator of Lehman Brothers has filed a lawsuit seeking $40 million from Fitch Ratings for assigning too-rosy ratings to toxic financial products sold by the bank, following the discovery of a hidden table in Fitch's rating model by the lawyers leading a now-settled class action against the accounting firm.
Engineering firm GR Engineering Services has lost a negligence lawsuit brought against law firm Squire Patton Boggs seeking damages from an alleged breach of contract relating to the $12.5 million refurbishment of a gold processing plant in Davyhurst, Western Australia.
Liquidators of collapsed steel and mining company Arrium will challenge a ruling that gave shareholders the greenlight to question a former director to mount a possible class action, and have secured a limited stay of the judgment to lodge a notice of appeal.
Shareholders of collapsed steel and mining giant Arrium have won the OK to question a one-time director over possible class action claims that former officers misled the market and that auditor KPMG was negligent in preparing a healthy financial report just two years before the company went under.
Two special purpose liquidators appointed to collapsed engineering and construction company Forge Group are investigating a potential lawsuit against KPMG, which audited the doomed business prior to its $800 million collapse in 2014.
Perth-based Farooq Khan has lost a key case in the battle for control over investment firm Keybridge Capital, after a judge invalidated a board decision to suspend activist investor Nicholas Bolton as CEO and terminate chair John Patton on the basis of Khan’s breach of his directors’ duties.
Perth-based Farooq Khan has taken his bitter dispute with activist investor Nicholas Bolton to court, suing Keybridge Capital and two of its four directors ahead of a general shareholder meeting next month.