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The High Court will not review an appeals court’s decision to approve a $64 million settlement in litigation over the failure of Banksia Securities while rejecting the funder’s commission and legal fees.
Foxtel appeals ruling over Allens’ missed trade mark deadline
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TV giant Foxtel wants another shot at opposing a trade mark by telco China Unicom, after a judge let stand an IP Australia decision refusing to revoke the trade mark when law firm Allens missed a deadline for opposing the mark.
Ex-Slater & Gordon solicitor axed for complaints about ‘unethical’ funding referral scheme, lawsuit says
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A former senior lawyer at Slater & Gordon has filed a lawsuit against his old employer, claiming he was fired after complaining about allegedly unethical practices within the firm.
Geoffrey Rush awarded $2.9 million in defamation case
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Actor Geoffrey Rush has been awarded almost $2.9 million in damages following his successful defamation case against Daily Telegraph publisher Nationwide News, as the court hears the newspaper ignored an offer to settle for $50,000 and an apology.
“I’d be happy to mediate it myself”: Judge cheers talks in Fitch class action
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Parties in an ongoing four-and-a-half year long investor class action against Fitch Ratings have agreed to a second round of mediation after a prior attempt was adjourned without success.
Judge signs off on $30M settlement in liquidator’s LM Investment case
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A Queensland Supreme Court judge has given the green light for a $30 million settlement of a liquidator’s case against failed financial services firm LM Investment Management, saying the result was appropriate and “a matter of some public interest”.
Termite Resources directors appeal $7M damages ruling for liquidators
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The former directors of collapsed mining company Termite Resources have appealed a ruling ordering them to pay $7 million in damages for allegedly breaching their duty by distributing more than $46 million to Termite’s parent company and failing to maintain a cash reserve of at least $10 million.
No win, no fee funding model carries Maurice Blackburn to victory in AMP class action contest
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Maurice Blackburn’s shareholder class action against AMP — the only action not backed by a litigation funder — has been picked as the winner in a fierce battle of law firms vying to lead a high stakes case over the wealth manager’s fees for no service scandal.
ACCC takes online retailer Kogan to court for misleading promotion
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The consumer watchdog has brought legal action against online retailer Kogan Australia alleging one of its discount promotions duped customers.
VW dieselgate hearings postponed over ACCC objections
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A hearing scheduled for later this year in several class actions and an ACCC proceeding over allegations Volkswagen installed dual-mode software in diesel vehicles to cheat on emissions tests has been postponed, despite cries of prejudice from the consumer regulator.