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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.
Ernst & Young has settled all claims against it in a shareholder class action alleging the Big Four accounting firm and Pitcher Partners signed off on an overly rosy year-end financial report that failed to disclose risks and impairments associated with the law firm's disastrous $1.2 billion acquisition of UK insurance claims company Quindell.
A judge has allowed three witnesses for HK Realway to give evidence by video link at an upcoming negligence trial against Thomson Geer, over protests from the firm, which said it would be inherently unfair.
The Twigg family has hit accounting firm Pitcher Partners with a lawsuit claiming it helped Max Twigg, race car driver and former owner of the Byron Bay Hotel, misappropriate $127.8 million in family trust money for himself.
A solicitor and former client is suing Corrs Chambers Westgarth for “very significant damages”, alleging breaches of multiple duties by the law firm in the course of protracted litigation.
Moray & Agnew is facing a lawsuit by a former client who says the firm breached its duties by making an unauthorised $3.3 million transfer while representing him on an investment in a Melbourne storage facility development.
A NSW developer says law firm Sparke Helmore should face a heftier damages bill for its negligence in failing to alert it to an imminent deadline in two land sale contracts worth a combined $1.5 million that were part of a troubled $30 million development.
A trial in a negligence case by a former solicitor and client of Sydney-based McCabes Lawyers has been vacated because of the firm's non compliance with a court's document discovery orders.
Real estate giant CBRE Group has won its appeal in a dispute with defunct fund manager City Pacific, which claimed the company negligently valued a Queensland marina at $27.3 million in 2006 and caused millions in losses.
Law firm Russells has won a bid for further security against former clients in a negligence case over its handling of a shareholder suit against iron ore miner Macarthur Minerals.