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The directors of steel giant Arrium, which collapsed owing $4 billion in debts, should have known earlier that the company was in a "liquidity crisis" and was trading while insolvent, liquidators for the company allege.
Two shareholders of failed Arrium Group have secured leave from the High Court to challenge a ruling that nixed their planned examination of a former director to bolster a class action over the collapse of the steel producer.
A judge has indicated that he will allow Arrium Group's liquidator to give expert evidence at an upcoming trial in proceedings against the steel giant's former directors over its $4 billion collapse, despite his other role as a party in the case.
London is in a "complete state of chaos" and no amount of pressing by law firm Moray & Agnew has produced an answer from underwriters about the extent of his insurance coverage, former Linchpin Capital Group CEO Peter Daly has said in a three-paragraph defence to disqualification proceedings by the corporate regulator.
IOOF subsidiary Australian Executor Trustees failed to drag law firm Sparke Helmore into a case after it was hit with a $76.6 million judgment over breaches of duty in the sale of a 42,000 hectare timber plantation by collapsed forestry giant Gunns Group.
Whether a contingency fee order made in a Victoria Supreme Court class action can survive a transfer application to a NSW court could be the next high stakes class action issue for the courts.
A judge has refused a bid to bring claims against law firm Herbert Smith Freehills in one of three lawsuits that will soon head to trial over the $4 billion collapse of steel giant Arrium Group.
The Australian Taxation Office has reached a $138 million settlement in proceedings against Israel Discount Bank, the last remaining defendant in a long-running case over an alleged international tax evasion scheme involving the Binetter family, founders of Nudie Juice.
A judge has ordered the winding up of M101 Nominees, the issuer of $67 million in notes promoted by James Mawhinney's failed Mayfair 101, which is alleged to owe investors over $211 million.
Collapsed gold producer Orinoco Gold could face a class action after a shareholder won access to a raft of company documents to investigate the prospect of a group proceeding to recover losses.