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Novo director breached duty to prevent insolvent trading, court finds
A judge has found a director of defunct IT company Novo breached his duty to prevent the company from trading while insolvent, but has stopped short of ordering damages, or making findings he breached other duties.
Funder drops Gladstone Ports class action, mulls negligence suit against lawyers
The funder behind a class action against the operator of Gladstone Port has bowed out after spending $30 million on the case, and is weighing proceedings to recover its sunk costs from the law firm that initially ran the litigation.
Construction PRO
Martinus Rail wins fight over $23M payment claim
Martinus Rail has won its fight against grain supply chain Co-operative Bulk Handling over a $23 million payment claim for building a rail siding in WA, with a judge finding that the deadline for responding to the claim began running from a Saturday.
AMP to pay $120M to settle superannuation class action
AMP has agreed to pay $120 million to settle a class action stemming from the banking royal commission which accused it of overcharging millions of superannuation members over a 12-year period.
Construction PRO
HWL Ebsworth accused of ‘fishing expedition’ in case over Belmore development
Developer Belmore 88 has successfully opposed discovery sought by HWL Ebsworth, after arguing its former solicitor was on a “fishing expedition” in a case by investors who claim they are both liable for lost money in connection with developments in western Sydney. 
Meta ordered to put on defence in ACCC case over scam crypto ads
A judge has ordered Facebook owner Meta to file its defence in the Australian Competition and Consumer Commission’s three-year-old case over scam cryptocurrency ads on the social media platform. 
Mastercard fights win for ACCC over in-house counsel communications
Facing allegations that it misused its market power with major retailers, Mastercard is challenging a ruling for the ACCC that lays bare discussions about merchant agreements involving inhouse lawyers.
High Court asked to decide if abattoir activists own footage copyright
An activist group has asked the High Court to overturn a decision finding it does not own the copyright for grim footage secretly obtained by trespassing at a Victorian slaughterhouse, arguing the case has consequences for press freedoms.
Another judge rails against GenAI use, says even self-repped litigants must do their homework
Another judge has railed against the use of generative AI in court proceedings, after a self-represented litigant filed an application to annul his bankruptcy that was replete with fake citations.
Clayton Utz recruits private equity pro from Allens
Clayton Utz has snagged a senior partner from Allens’ mergers and acquisitions team to become its head of private equity.