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The litigation funder backing a class action against engineering company UGL over disclosures related to the ballooning costs of its Ichthys power project could pocket up to 30 percent of any settlement or judgment, according to a court order.
Esteemed barrister Michael Wheelahan QC, who recently led Bauer Media in its successful appeal of a $4.5 million defamation award to actor Rebel Wilson, has been appointed as a Federal Court judge.
A popular Australian designer of neoprene athleisure handbags has filed a lawsuit against another designer for making bags that allegedly copy the design of its trendy totes.
The deputy chairman of the Australian Securities and Investments Commission, Peter Kell, has resigned just five months into a yearlong extension of his contract with the corporate watchdog.
The corporate watchdog's dim view of proposals to regulate litigation funders got a mixed reaction from big players in the industry Thursday, with its position supported by foreign funders but frowned on by at least one home-grown firm.
Meriton has withdrawn its appeal of a ruling that fined the property manager $3 million for manipulating bad reviews on TripAdvisor.
Litigation funders should not be regulated by ASIC but by the courts, the corporate watchdog has told the Australian Law Reform Commission in response to proposals to overhaul the class action regime and subject funders to licensing requirements.
A subsidiary of building materials giant Boral was fined $30,000 Wednesday after threatening to sack its entire workforce for voting down proposed changes to an enterprise agreement to comply with the building watchdog's code.
Broadcaster Alan Jones and two radio stations have been ordered to pay $3.75 million for defaming a prominent Queensland family by blaming them for the deaths of 12 people in the 2011 Grantham floods.
An international IP dispute between the Royal Australian Mint and its Canadian counterpart over a patent for printed commemorative coins has settled, three months after Australia revealed its "knockout claim" in the case.