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Sandalwood producer Quintis has agreed to settle two class actions by shareholders, but the claims against company founder Frank Wilson and auditor EY will proceed for now.
Land developer Tina Bazzo loses fight to keep liquidators’ examinations secret
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WA-based land developer Tina Bazzo and her partner Allen Caratti have failed in their challenge to a ruling that liquidators’ examinations should not be held in private despite a large scale ongoing criminal investigation of the pair.
Global teleco BT sues former COO for jumping ship to Japan’s NTT
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The Australian arm of global telecommunications firm BT Group has filed legal action against a former chief operating officer who jumped ship to Japanese competitor NTT.
Judge calls for legislative fix in wake of High Court’s common fund ruling
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Lamenting that he now has less flexibility to manage commission rates, a judge has called for legislative intervention to give courts authority to regulate funding arrangements at the outset of class actions, a power stripped from them by the High Court late last year.
Litigation funders say they are ‘largely immune’ to COVID-19 crisis
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While law firms and barristers are bracing for work slowdowns due to the coronavirus, litigation funders told Lawyerly it’s business as usual for them.
Fair trial not possible in virtual courtroom, says judge overseeing Obeid, Macdonald case
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A fair trial cannot be conducted in a virtual courtroom, the judge overseeing the criminal case against former NSW Labor ministers Eddie Obeid and Ian Macdonald has said in adjourning their hearing for five months.
Funding blocked in Clive Palmer class action until appeal heard
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Funding for a class action over the troubled Coolum Palmer Resort has been temporarily blocked while a company owned by Clive Palmer appeals a judgment in a separate lawsuit lodged by the billionaire to thwart the class action.
Liquidator must personally pay litigation costs for ‘unreasonable’ behaviour, court says
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A liquidator who ‘provoked litigation’ must personally pay the costs of the proceedings brought by a creditor of defunct company Azmac because of his ‘unreasonable’ handling of the company’s liquidation, a court has found.
Victoria Beckham loses opposition to skincare company’s trade marks
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Fashion designer Victoria Beckham has lost her opposition to two trade marks owned by Sydney-based skincare company VB Skinlab, despite IP Australia finding the former Spice Girl’s VB marks have a reputation in Australia.
Seven West sues Bauer to keep $40M acquisition on track
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Seven West Media has filed a lawsuit against Bauer Media to compel the German company to complete its planned $40 million acquisition of the Australian media giant’s Pacific Magazines unit.