Most Recent
Virgin Australia may face class action over 2019 prospectus
Class Actions 2022-02-22 6:55 pm By Sam Matthews

Virgin Australia is facing a shareholder class action investigation over representations made in a 2019 prospectus for a capital raising to fund its $700 million acquisition of the Velocity loyalty program, issued six months before the airline filed for administration.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

IAG says underwriter had no authority to issue Greensill Bank trade credit policy
Restructuring & Insolvency 2022-02-21 5:21 pm By Christine Caulfield

Insurance Australia Group has denied it owes Greensill Bank $48.5 million under a trade credit policy issued by its agent BCC, saying the underwriter was not authorised to enter into the policy.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Judge finds ‘no immediate threat’ of harm in ASIC’s contempt case against Mayfair’s Mawhinney
ASIC 2022-02-18 4:19 pm By Bianca Hrovat

The Australian Securities and Investments Commission has lost an interim injunction bid against the director of investment firm Mayfair 101 in its case seeking a contempt finding, despite arguing there was a substantial risk of harm to consumers.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

High Court says class action shareholders can quiz directors of failed companies
Restructuring & Insolvency 2022-02-16 10:27 am By Christine Caulfield

In a boost to securities class actions, the High Court has ruled that directors of collapsed companies can be subjected to public examination by shareholders wanting to bring civil proceedings.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

High Court to decide if class action shareholders can publicly grill directors
Restructuring & Insolvency 2022-02-11 11:59 pm By Christine Caulfield

A case before the High Court could have major implications for company directors, giving shareholders in class actions the power to drag them before court for public examination.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Law firms earned $68M for defending lawsuits over collapse of Dick Smith
Restructuring & Insolvency 2022-02-11 11:15 pm By Christine Caulfield

The law firms and barristers who defended former Dick Smith directors in sprawling litigation over the failure of the electronics retailer earned close to $68 million in fees, a court has heard.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Forum Finance director can’t block receivers from selling waterfront homes
Restructuring & Insolvency 2022-02-09 5:43 pm By Christine Caulfield

Forum Finance director Vince Tesoriero has lost a battle to stop receivers from selling luxury properties in which he and Bill Papas hold a stake pending the outcome of Westpac’s fraud case against him.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Forum director Tesoriero questions sale of Papas’ Sydney residence
Restructuring & Insolvency 2022-02-04 12:34 pm By Cat Fredenburgh

Forum Finance director Vince Tesoriero has raised concerns about the validity of the sale of a $4 million home in Sydney inner-West suburb Rozelle where company founder Bill Papas and his girlfriend lived, but a judge has indicated any attempt to block the sale would be “hopeless”.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Mayfair 101 appeals $30M judgment in ASIC’s misleading advertising case
Financial Services 2022-01-24 10:45 pm By Christine Caulfield

Embattled investment group Mayfair 101 is challenging a judge’s decision last month to slug it with a $30 million penalty for engaging in misleading and deceptive advertising.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?

Class action against NAB over Walton Construction collapse back on track
Class Actions 2022-01-20 4:03 pm By Christine Caulfield

National Australia Bank has been served with a $78 million class action over the collapse of Walton Construction, three months after the case was stalled for funding complications.

Subscribe to Lawyerly to access this article.

Already a subscriber?

Lost your password?