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Embattled wealth advisor Dixon Advisory has filed for administration, saying its potential liability in two class actions and a $7.2 million penalty it agreed to pay in ASIC proceedings mean it is likely to become insolvent in the future.
Herbert Smith Freehills has picked up a leading work health and safety lawyer from Clyde & Co to join the Big Six law firm in Sydney as special counsel.
Switzer Financial Group has sued a former senior adviser, claiming he sent a defamatory email to a client accusing the firm -- run by financial commentator Peter Switzer -- of lacking concern about a conflict of interest.
A class action against franchise giant Retail Food Group wants to head off any challenge to its funding agreement with a court order that the financing arrangement is exempt from controversial regulations requiring group proceedings to be run as managed investment schemes.
The litigation funder behind a scam to defraud members of a class action over the collapse of Banksia Securities has entered liquidation, and the funder's two surviving directors will be among potential targets of attempts to recover money to pay a $21.7 million court judgment.
A judge has rejected an art collector’s bid to enforce a settlement in litigation against the publisher of the Sunday Telegraph over an allegedly defamatory story concerning his purchase of a painting by Australian artist Del Kathryn Barton, finding he had lied about the story being false.
The federal Attorney General's Department has faced calls to reveal the constitutional heads of power behind the latest class action reform bill that aims to cap the amount of fees and commission lawyers and funders can earn.
The Australian Competition and Consumer Commission is working with the Australian Federal Police to combat price gouging over the sale of COVID-19 rapid antigen tests.
Compliance and legal specialist Sophie Grace has rejected allegations it was responsible for defunct forex trader Gallop International Group’s collapse after it allegedly loaned $15.4 million in investor funds to the company’s director in Hong Kong.
Oil company ExxonMobil has appealed decisions by the Australian Taxation Office to refuse deductions on profits from the sale of petrol from the largest oil field in Australia, claiming its taxable profits over four years should be reduced by $181.8 million.