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Top tier law firm King & Wood Mallesons has lured leading competition lawyer Luke Woodward to bolster its regulatory practice.
Two law firms are set to work “hand in glove” in their proposed consolidated shareholder class actions against a2 Milk, with one senior barrister to be dropped as part of the “rationalisation” of the combined team.
Investors in Mayfair Group’s collapsed IPO Wealth Fund stand to recoup “a lot less” than their alleged $67 million in losses from a settlement in a class action alleging the fund’s trustee misled the unit holders -- but they will take home 75 per cent of the resolution sum, a court has heard.
Online trading company CMC has been hit with a class action by investors seeking to recover 10 years’ worth of “significant” losses incurred while trading risky financial products on its mobile and web-based platforms.
A judge overseeing a class action against retirement home provider Aveo Group has appointed an amicus curiae for what is believed to be the first time to assist the court in a fight over the wording of an opt out notice describing a “novel” funding model.
A foreshadowed application for a funding order in a class action that would put a lien on some group members’ homes was “entirely unprecedented and without jurisprudential basis”, retirement home provider Aveo Group has said.
The CEO of Optus has come out swinging against a proposed 10-year agreement between TPG and Telstra to share mobile network infrastructure and spectrum in parts of regional Australia, warning it would harm consumers.
Lawyers who were found to be negligent in drafting orders after a successful appeal in a corporate oppression case have to foot their own costs after incurring “wasted or unnecessary” fees, an appeals court has held.
A barrister for CEO and founder of Euro Pacific Bank Peter Schiff has raised concerns that Nine has filed an unlawful defence in a defamation case over a 60 Minutes episode accusing the bank boss of tax evasion and helping figures in organised crime.
QSuper has hit back at a class action over its alleged failure to notify members of changes to its premiums, saying group members failed to heed a “large font” notice of the changes and that any recoveries cannot be paid out to the law firm and funder running the litigation.