A Sydney lawyer accused in a class action of conspiring with notorious conman Peter Foster in a fraudulent sports betting scheme that left investors $29 million out of pocket was taken in by Foster’s “psychological brilliance”, her barrister told a court Thursday.
Australia is not the haven for class actions that critics have claimed, according to a new report that shoots down the notion that the country is just behind litigation-happy US when it comes to targeting corporations in court.
The ACCC has brought a cartel case against biologics company Cryosite for agreeing to coordinate with competitor Cell Care prior to the completion of their merger agreement.
The litigation funder behind the Federal Court’s precedential ruling that established the first common fund order in an Australian class action agreed to cuts its rates as part of negotiations that resulted in the $132.5 million settlement of the class action against QBE Insurance.
The law firm behind one of four AMP class actions in Federal Court might call for an anti-anti-suit injunction in response to a threat by a NSW Supreme Court judge to block the actions from proceeding in favour of the lone case filed against the wealth manager in state court.
Facing cross-examination over the law firm’s bid to add fraud and deceit claims to a class action against Fitch Ratings, a Squire Patton Boggs lawyer exchanged fire with a barrister for the ratings agency, saying Fitch was having a regular “whinge” about discovery and “no” she would not take the comment back.
Online bookmaker Sportsbet has secured an interim injunction against Crownbet that temporarily blocks its rival from plans to rebrand its betting company Sportingbet.
Mergers of major electricity generators would be blocked and the energy regulator given more power to combat market manipulation under sweeping reforms to reduce rising energy prices released by the consumer watchdog Wednesday.
The judge overseeing a class action against Johnson & Johnson over allegedly defective vaginal mesh products has asked the applicants to weigh in on a recent UK High Court ruling that found there must be an abnormal risk in order for a product to be considered defective.
A trial is set to kick off at the end of July in two class actions brought on behalf of holders of debentures who allege they suffered losses due to Australian Executor Trustees’ mismanagement of debenture issuer Provident Capital.
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