Quinn Emanuel withdraws as class action reps after funder challenges fees

Posted on by Christine Caulfield
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Quinn Emanuel has been forced to bow out as class action counsel in a case against Bank of Queensland after litigation funder Vannin Capital called for the law firm’s $4 million fee to be challenged.

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Brennar resigns, GC out amid Clayton Utz report controversy

Posted on by Christine Caulfield
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AMP’s chairwoman Catherine Brennar has resigned and the firm’s general counsel has left, as the company faces possible criminal charges for misleading the corporate regulator over its decade-long practice of charging undue fees to clients.

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Judge invalidates Encompass’ software patents

Posted on by Miklos Bolza
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Financial software company Encompass Corp., which lost its patent infringement case against technology firm InfoTrack, and lost its patents in the process, should pay just 30% of InfoTrack’s costs, the Federal Court has been told.

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AMP could face criminal charges, Royal Commission hears

Posted on by Christine Caulfield
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AMP could be hit with criminal charges after counsel assisting the Royal Commissioner said Friday evidence before the commission had shown the wealth management firm may have broken the law when it charged fees for no service, lied about the practice to ASIC, and presented a heavily-edited Clayton Utz report to the corporate regulator as independent.

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Ex-CEO of Snowy 2.0 project says warrants in bribery case ‘defective’

Posted on by Miklos Bolza
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The former CEO of the lead contractor on the Snowy Hydro 2.0 project now facing corruption charges was the target of Australian Federal Police search warrants that were “too broad” to be sufficient, the Federal Court was told on Friday.

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Crown Resorts hit with $300,000 fine

Posted on by Cat Fredenburgh
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Crown Resorts has been censured and hit with a $300,000 fine by the Victorian Commission for Gambling and Liquor Regulation after an investigation found Crown staff altered online gaming machines without the regulator’s permission.

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Ex-Storm Financial execs appeal penalty

Posted on by Cat Fredenburgh
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The former directors of defunct financial advisory firm Storm Financial have filed an appeal after the Federal Court slapped them each with a $70,000 fine and banned them from managing corporations for seven years.

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Full Court derails Nationwide’s appeal attempt in Rush case

Posted on by Miklos Bolza
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The Full Federal Court has dismissed Nationwide News’ application for leave to appeal Justice Michael Wigney’s March judgment in the hotly contested Geoffrey Rush defamation case that shot down the publisher’s truth defense.

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