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The law firm behind a class action against Origin Energy wants a 35 per cent contingency fee, arguing that a string of defeats in shareholders cases has “accentuated the uncertainty and complexities” of proving loss.
Law firm seeks 35% GCO in WiseTech class action
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The law firm running a shareholder class action against WiseTech is seeking a group costs order that would give it a 35 per cent cut of any settlement, arguing the relatively high rate was justified by the risks of running the case.
Merivale comes up short in trade mark battle despite plans to reopen Est restaurant
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Merivale has largely lost a battle to retain its ‘Est’ trade mark, with IP Australia finding the hospitality giant abandoned the brand when it shuttered its George St, Sydney fine dining eatery in 2019.
Carnival loses challenge to negligence finding in COVID-19 class action
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Carnival has lost an appeal of a finding in a class action that it was negligent in preventing a COVID-19 outbreak aboard the Ruby Princess cruise ship, but an appeal by the applicant over damages has also failed.
Company of pub baron Jon Adgemis can’t set aside $5M judgment
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A company owned by pub baron and former KPMG partner Jon Adgemis has lost its bid to set aside a $5 million default judgment over a 2020 loan agreement.
Liquidator for developer GR Capital wins more time to bring claims
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A liquidator for the defunct developer of a controversial south Sydney apartment building has won a bid to extend the time to bring potential voidable transaction proceedings.
Lawyer’s unilateral email to chambers in builder’s case against CBA ‘undesirable’: judge
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A solicitor for a contractor in dispute with the Commonwealth Bank has been called out by a judge for a unilateral email to chambers without CBA’s consent.
Star says ‘unlikely’ deadline will be met for Queen’s Wharf stake sale
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Star Entertainment says it is “unlikely” an agreement will reached by the end of the month for its Queen’s Wharf partners to buy out its stake in the Brisbane entertainment project.
90MW Summerville solar farm wins government approval
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A new solar farm tipped to power 36,000 homes in NSW has been approved by the government in just 30 business days.
K&L Gates snags international arbitration partner from Clifford Chance
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K&L Gates has bolstered its international arbitration practice group, appointing a multilingual Clifford Chance alumni to serve as partner.