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An eminent professor at a Melbourne law school has launched legal action against his employer after complaints of bullying by two other professors led to his suspension.
Westpac slams Maurice Blackburn for racing to file home loans class action
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Banking giant Westpac has criticised Maurice Blackburn for rushing to file the first class action in the wake of the banking royal commission’s scathing final report, saying the self-appointed leading class action firm should know how to properly commence proceedings.
Fairfax wants to use DOJ docs to bolster defence in Chau Chau Wing defamation case
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Fairfax Media will seek to use documents provided by the US Department of Justice to amend its defence in a defamation case brought by wealthy Chinese-Australian businessman Chau Chak Wing over articles that appeared in the Sydney Morning Herald linking him to an international bribery scandal.
Trader wants over $10M in damages in ASIC defamation case
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Trader Daniel Schlaepfer and his firm Select Vantage are seeking over $10 million in damages from the Australian Securities and Investments Commission in a defamation action against the corporate regulator, a court heard Thursday on the fourth day of trial in the case.
Class actions in NSW Supreme Court do not require plaintiffs to have a claim against all defendants
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In a first for the NSW Supreme Court, Judge Peter Garling last week found that the plaintiff in a class action does not need to have a claim against all defendants, a case that could make life much easier for plaintiff lawyers, says barrister Daniel Meyerowitz-Katz of Second Floor Wentworth Chambers.clas
ACCC won’t block $285M merger to create IP law giant
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The Australian Competition and Consumer Commission will not oppose the merger of two companies that own some of Australia’s largest intellectual property boutiques.
Commonwealth Bank told investors Sigma credit rating withdrawal a ‘technical’ issue
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The Commonwealth Bank of Australia, facing cross-claims by credit ratings agency Fitch in a class action alleging it gave false or misleading double A and triple A ratings to synthetic CDOs backed by Sigma Financial, told investors Fitch’s withdrawal of Sigma’s credit rating prior to the collapse of the $27 billion investment fund was a “technical” issue, the bank has admitted.
Termite Resources directors must pay $7M for keeping insufficient cash on hand
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A judge has ordered directors of collapsed mining company Termite Resources to pay $7 million in damages after finding they breached their duty by distributing more than $46 million to its parent company and failing to maintain a cash reserve of at least $10 million.
Receivers can pay priority claims of employees directly, judge rules
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Receivers, not just liquidators, can distribute assets to satisfy priority claims of an insolvent company’s employees, a judge has ruled, settling a question of law under the Corporations Act.
ACCC decision on $15B TPG, Vodafone tie-up expected in May
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The ACCC will announce in May whether it will approve the proposed $15 billion merger of telco giants TPG and Vodafone Hutchison Australia, after the parties’ failure to comply with requests for information caused the regulator to suspend its timeline last month.