Nuix is on the hook for $20 million before its insurers will cover its legal bills for suits over its $1.8 billion float, with a judge saying there was a good reason for the significant retention given the “notorious” expense of securities class actions.
A judge has hit coal producer TerraCom with a $7.5 million penalty in ASIC proceedings alleging it made misleading statements to the market that damaged a whistleblower’s reputation.
The Transport Workers Union and a judge have debated how much of a $90 million penalty handed to Qantas should be given to 1,820 workers who were unlawfully outsourced during the COVID-19 pandemic.
A former Peabody Energy employee who claims she was sacked after raising safety concerns has lost her bid to restrain MinterEllison from representing her former employer.
With artificial intelligence levelling the playing field, the Big 8 are facing increasing competitive pressure from large firms, which are pursuing an aggressive growth strategy and have outpaced them in demand and profitability over the last financial year, a report has found.
German investment firm Aurelius can add new claims in a dispute with explosives company Orica over a $180 million acquisition, but a judge has called out solicitors for both sides for filing material of “inordinate length” on an application concerning well-established law.
A developer for a high rise building in Mascot, Sydney has launched a post-trial bid to opt out as a group member of a class action against cladding manufacturer 3A Composites and supplier Halifax, in order to bring its own “copy” of the case.
Westpac’s defunct mortgage unit RAMS has accused a class action by former franchisees of attempting to “hijack” civil penalty proceedings by the corporate regulator by seeking to intervene in the case.
Transport for NSW has accused a former contractor of multiplying claims for delayed or disrupted work days by six or seven times in a $63 million dispute.
A judge has hit Dyldam Developments’ former boss Sam Fayad and his two sons with costs after ordering them to pay $50 million in a case by the liquidator of a special purpose vehicle, but awarded costs to payment intermediaries for the liquidator’s “manifestly weak” case against them.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
