A former principal at law firm BlackBay accused of taking confidential client information to launch a rival law firm has lost his bid to file a new defence, with a judge calling the new pleadings “confused”.
A judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were “very significant”.
The receiver for a Falcon Capital fund under investigation by ASIC wants a role in selling director Simon Selimaj’s valuable artwork, including a $70,000 Albert Tucker painting, which is allegedly needed to cover legal fees.
Electro Optic Systems has admitted continuous disclosure breaches by failing to reveal a drop in its 2022 revenue forecasts, with ASIC filing a $4 million lawsuit against the defence firm and another against its co-founder.
Real estate asset manager Dexus has won access to advice given by the lawyers of two shareholders of airport operator APAC over an alleged breach of a shareholder deed.
A judge has ordered trustee United Super to pay $23.5 million after admitting it was liable for excessive delays in processing $20 million in death and disability claims.
Developer Villawood has lost a bid to add its director’s three daughters to a lawsuit over an alleged “dishonest and fraudulent design” to divert valuable management fees for a development in Wallan, Victoria.
Harvey Norman says it should be fined no more than $24 million for running misleading ads, urging a court not to punish it for “intemperate” remarks its founder made in the media about the legal system.
A former managing director of ratings agency Nielsen, who alleges she was unfairly dismissed after her husband was fired from the company, has lost her bid to be temporarily reinstated.
MinterEllison has lured a leading corporate law partner away from King & Wood Mallesons to lead the firm’s private equity practice.