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Sophie Grace hits back at $15.4M lawsuit over Gallop International collapse
Compliance and legal specialist Sophie Grace has rejected allegations it was responsible for defunct forex trader Gallop International Group’s collapse after it allegedly loaned $15.4 million in investor funds to the company’s director in Hong Kong.
Cheezels maker sues AIG over business manager’s alleged $3M fraud
Snack food company Intersnack Australia has hit AIG Insurance with a lawsuit, claiming the insurer wrongly refused to cover $3 million in losses caused by an employee who allegedly gave out unauthorised discounts.
Grant Thornton to face former client’s claim over ‘pointless’ work
Grant Thornton can't dodge a “significant” counterclaim accusing the accounting firm of charging for “unnecessary and pointless" work in a case against a former client over $119,000 in unpaid fees.
Court tosses GM’s ‘speculative’ bid to declass Holden dealer class action
General Motors has lost its bid to de-class a representative proceeding brought by former Holden dealers over its decision to retire the iconic brand, with a judge rejecting the car maker's "speculative" argument that it would be prejudiced by further lawsuits after the class action was finalised.
HWL Ebsworth prevails in appeal of negligence case over Willoughby development
An appeals court has dismissed an appeal in a professional negligence lawsuit by a New South Wales developer against HWL Ebsworth over a due diligence report that led to the purchase of a $25.5 million parcel of government land at risk of flooding.
GM facing $9M dealer lawsuit over decision to retire Holden brand
General Motors is facing a lawsuit by a Holden car dealer who allegedly suffered up to $9.26 million in financial loss following the car maker's decision to pull the iconic brand in Australia.
$3.4M lawsuit filed over Melbourne’s North East Link Project
Construction company Delcon Civil is facing a lawsuit by a subcontractor seeking over $3.4 million in damages for alleged breach of contract relating to work on the North East Link project.
Qantas in court battle over failed $35M flight academy partnership
Qantas is locked in a legal battle with a US-based pilot training provider over failed negotiations concerning the development of a $35 million pilot academy in regional Queensland.
ANZ to pay $25M for short-changing half a million customers
The Australia and New Zealand Banking Group has agreed to pay a $25 million penalty to resolve proceedings by the Australian Securities and Investments Commission alleging the bank short-changed hundreds of thousands of customers to the tune of $200 million.
Sunwater loses dispute with Liberty over coverage for Queensland floods class action
Liberty Mutual Insurance does not have to indemnify dam operator Sunwater for its share of a $440 million settlement of the Queensland floods class action, the NSW Supreme Court has found.