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Herbert Smith Freehills has prevailed in a suit by United Petroleum alleging the law firm and former United chairman Martin Hudson breached their duties to the company when they pulled a planned initial public offering in 2016.
The High Court has rejected a failed auto repair franchiser's bid to appeal a ruling dismissing its case against Holding Redlich alleging the law firm was negligent in preparing franchisee agreements.
A judge has chided lawyers for lobbing "epistolary grenades" in the form of "ill-advised" emails in a civil case connected to an $8 million fraud by a former solicitor with law firm Atanaskovic Hartnell.
A Victorian Supreme Court judge has recused himself from proceedings over costs in a construction dispute, after vowing to send transcripts of the case to the state's legal watchdog.
Facing shareholder wrath in the wake of the Royal Commission's damning revelations, AMP's three female non-executive directors stepped down on Tuesday.
AMP's general counsel Brian Salter says he did not know he was sacked until he read the company's announcement to the Australian Stock Exchange on Monday morning.
AMP's chairwoman Catherine Brennar has resigned and the firm's general counsel has left, as the company faces possible criminal charges for misleading the corporate regulator over its decade-long practice of charging undue fees to clients.
AMP could be hit with criminal charges after counsel assisting the Royal Commissioner said Friday evidence before the commission had shown the wealth management firm may have broken the law when it charged fees for no service, lied about the practice to ASIC, and presented a heavily-edited Clayton Utz report to the corporate regulator as independent.
Clayton Utz's public statements referencing its terms of engagement with AMP in drafting an independent report are irrelevant if it knew the document was destined for the corporate regulator, legal experts say, and transcripts from the Royal Commission suggest the law firm did know.