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A law firm has reached a settlement with the lender of a property development in North Melbourne, paying $1 million to resolve claims it was negligent in preparing a loan agreement.
NGS Crypto can’t undo receivership, freezing orders
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Hong Kong-based NGS Crypto Group and its director have lost their bid to undo receivership and freezing orders made amid concerns about dissipation of assets as ASIC investigates whether hundreds of Australians who sank $21.1 million into the crypto firm were misled about the safety of their investments.
Delegate hangs up on opposition to Zoom trade mark
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A Japanese manufacturer of musical instruments has lost its opposition to telecommunications provider Zoom’s bid to register its name as a trade mark, with a delegate finding consumer confusion was unlikely given the difference in the companies’ products.
Merricks Capital settles non-compete case with investment boutique, employees
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Investment manager Merricks Capital has resolved its case against a former managing director and two employees, who left the firm for a boutique run by financial commentator Peter Switzer and his son, Marty.
Monsanto defeats class action alleging weed killer Roundup causes cancer
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A judge has dismissed a class action alleging Monsanto’s Roundup weed killer is carcinogenic but did not go so far as to say it definitively does not cause cancer, while also dressing down the lawyers for both sides for causing delays in the case.
Bruce Lehrmann hires new lawyer in defamation appeal
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Bruce Lehrmann has secured new representation for his appeal of his failed defamation case against Network Ten over its coverage of Brittany Higgins’ rape allegations, as he seeks to stay a $2 million costs order against him.
WA home builder hit with class action over construction delays
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Three units of Perth-based builder BGC Housing Group have been hit with a class action on behalf of thousands of home owners who allege they have been harmed by lengthy construction delays.
ANZ senior execs under scrutiny in investigation over $14B bond sale
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ANZ has confirmed that senior executives could face consequences in an investigation led by Herbert Smith Freehills and Allens regarding concerns that it manipulated government bond sales last year.
Judge says exec’s suit against Westpac a ‘private dispute’, suppresses case docs
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Characterising a settled lawsuit by a Westpac senior executive alleging employment breaches as a “private” matter, a judge has made broad confidentiality orders that bar public access to the case.
Lendlease can’t get ex-Greenwoods partner’s damages evidence before mediation
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Lendlease, which is facing claims by a former Greenwoods & Herbert Smith Freehills partner over its alleged “aggressive taxation position”, has failed in its bid for orders that evidence of the partner’s alleged loss be filed before mediation.