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A law firm that ran a consumer class action by franchisees will recover less than a third of the costs it incurred in running the case after a small settlement was reached.

A former director of collapsed over-the-counter derivatives broker Berndale Capital Securities has filed an appeal after he was sentenced to 23 months' prison for misusing company funds.

Class action firms reaping the benefits of contingency fees should brace for more high-dollar security for costs applications, on top of the reputational risks of having their finances aired in court, defence lawyers told Lawyerly. 

Shine Lawyers has written down its work in progress and disbursements by $13 million from a class action after an "unexpected" judgment, it said Friday, a week before the release of its 2026 financial year results.

Potentia Capital co-founder Tim Reed has told the Federal Court settlement negotiations with former partner Andrew Joyce were in "flux" and never finalised, in a case by Joyce seeking to enforce the terms of the agreement.

A judge has refused summary judgment in a $694 million suit by a company controlled by Chinese state-owned developer Beijing Capital Land against the director of developer Arden Group alleging it defaulted on loans linked to residential developments in Sydney and Brisbane. 

A judge has given the liquidators of Tahmoor Coal the green light to expand their case against Sanjeev Gupta's Clydesdale Engineering Limited to allege that an additional loan document and more than $28 million in payments were part of an alleged voidable transaction.

Mall owner Scentre Group has sold a 50 per cent stake in Westfield Mt Gravatt to Australian Retirement Trust for $882.5 million, taking to over $3 billion its capital raising from joint venture sales in the past year.

A judge has pushed off the hearing of an urgent application filed overnight against the NSW government to halt a brumby cull at the Yuraygir National Park, after the state did not appear at a 1 am hearing.

Private equity firm Potentia Capital has accused the founder of software company Soprano Design of shareholder oppression, claiming he prevented Soprano's former CEO from performing his role, leading to his resignation four months into the job.