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Liquidators of Falcon Capital have so far clawed back just $1.65 million of the $450 million invested in its failed First Guardian fund, and are holding out little hope for more than minimal further recoveries.
AFL wins strike-out of OHS claims in concussion class action
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The AFL has won its bid to strike out occupational health and safety claims from a class action over its concussion management practices.
Chemist Warehouse first pharmacy chain sent to multi-employer bargaining table
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Budget pharmacy giant Chemist Warehouse has been ordered to negotiate a multi-employer agreement with its South Australian workforce, after a union secured majority support from 300 pharmacy employees using new bargaining laws.
Sacked BlackBay lawyer accused of launching rival firm can’t tweak defence
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A former principal at law firm BlackBay accused of taking confidential client information to launch a rival law firm has lost his bid to file a new defence, with a judge calling the new pleadings “confused”.
High Court to weigh in on Mount Pleasant coal mine extension
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The High Court is set to weigh in on whether climate impacts were a mandatory consideration in a decision to allow the expansion of Mach Energy’s Mount Pleasant coal mine.
Judge won’t join insurers to $356M suit over Pacific Werribee shopping centre
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The co-owners of the Pacific Werribee shopping centre in Victoria have lost their bid to join collapsed builder Probuild’s primary insurer AIG to their case over $356 million in alleged defects.
High Court to hear IGA spat with Victorian planning minister
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The High Court has taken up an appeal by the Victorian planning minister in a row with IGA that seeks guidance on the jurisdictional reach of the state Supreme Court in planning disputes.
No permit for ‘bulky’ development on East Melbourne vacant lot
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VCAT has upheld a local council’s refusal of a plan to build a three-storey luxury apartment building at a vacant lot in East Melbourne, saying it would “visually dominate” a neighbouring heritage-listed home.
WestConnex class action funder fights plaintiffs’ bid to drop case
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A funder that has allegedly refused to provide further funding in a class action over the compulsory acquisition of land for the WestConnex road project is also fighting the plaintiff’s bid to discontinue the case, with a judge calling the funder’s opposition “very problematic”.
Judge says part of ANZ’s $240M penalty in ASIC case ‘on light side’
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A judge has questioned whether an agreed penalty against ANZ for overstating bond trading volumes is sufficient, noting the misrepresentations were “very significant”.