Trials

After baulking at paying for their Rolls-Royce defence, Greensill investor White Oak has been ordered to pay a total of $13 million in security to insurers IAG, Tokio Marine and BCC for their costs of a 35-day trial.

Greensill Capital's founder expressed "shock" in 2020 when concerns emerged over the validity of an IAG policy keeping his financing business afloat, telling underwriter BCC's then managing director the issue needed to be kept quiet, a court has heard.

JB Hi-Fi has rejected a class action's claim that it sold worthless warranties, telling a court that the Australian Consumer Law left many consumers without a remedy for normal wear and tear.

IAG and Tokio Marine kept their concerns about the validity of Greensill Capital's 2019 trade credit insurance policy confidential, even as they must have known the supply chain financier was using the policy to attract investors, a trial court has heard.

A judge overseeing the trial in a case against a group of insurers over the collapse of Greensill Capital has ruled that a report by a Japanese law firm is privileged despite the absence of legal professional privilege in Japan.

Investor White Oak on Tuesday fought back against a push by IAG and Tokio Marine for over $15 million in security on the eve of trial in its case over the collapse of Greensill Capital, saying the insurers' Rolls Royce approach was unreasonable now that the bulk of the $7 billion litigation had settled.

Trial has kicked off in a massive class action against electronics retailer JB Hi-Fi over "useless" warranties, with the class action telling the court the extended warranties on products were "impossible" to understand.

A judge has set down the start of trial in Greensill investor White Oak's case against Insurance Australia Group, as the insurer finalises its settlement with Credit Suisse and UBS over the collapse of the supply chain funder.

Rebel Wilson was back in court on Monday as trial kicked off in 'The Deb' producer AI Film's case against the actress, with a co-producer telling the court he knew the film was not likely to break even.

Instagram owner Meta has settled a competition case brought by a marketing company that alleged the social media giant engaged in anti-competition conduct when it barred the start-up from accessing the platform in 2019.