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A class action has been filed against Fitch Ratings on behalf of investors represented by a lawyer who has taken on credit ratings agencies over risky financial products for over a decade.
KPMG shuts down legal services division, makes 30 jobs redundant
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Citing a wish to focus on tax, KPMG Australia will restructure its business and shut down its separate commercial law practice, making around 30 roles redundant.
‘We’re not King & Wood Mallesons’ excuse doesn’t wash in bid to revive $400M suit
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A judge has rebuffed a developer’s bid to revive a $400 million lawsuit against an investor after it failed to comply with a guillotine order, saying it was not an adequate explanation that the firm of solicitors acting for it lacked the resources of the defendant’s Big Six outfit.
Scrapped Chorley exception should not be revived based on law firm size, Full Court says
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An incorporated legal practice has lost its bid to recover costs for work done by its own solicitors while self-represented in a dispute with a former client, with the Full Federal Court finding that making an exception based on firm size would “revive an inequality before the law”.
Aristocrat says class action applicant should have deleted gambling app
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Aristocrat Leisure has hit back at a class action over its allegedly illegal ‘social casino’ apps, saying that playing is optional and that the lead applicant should have deleted the games.
Birkenstock wins bid to trade mark popular shoe shape
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Birkenstock has succeeded in securing trade mark protection for the shape of four of its shoes, a boon to the German shoe maker as it fights knock-offs of its popular sandals.
Gadens swallows Canberra firm to expand national footprint
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Gadens has merged with Canberra firm Trinity Law, expanding the firm’s national footprint and boosting its capacity to take on government work.
Judge questions law firm’s 40% contingency fee in Ansell class action
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A judge has questioned the law firm running a class action against medical glove maker Ansell on its application for a contingency fee rate of 40 per cent, which would equal the highest rate granted since Victoria allowed firms to earn a percentage profit of a group proceeding.
Monash IVF fights plaintiff’s ‘new case’ in embryo class action
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Monash IVF is fighting a class action’s bid to file a fourth statement of claim in the three year-old case over the alleged destruction of potentially viable embryos, saying the proposed pleadings sparked by an expert report constituted a new case.
CSR faces potential competition case over insulation price hikes
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Major building insulation supplier CSR Bradford has been hit with a lawsuit by a leading home energy company seeking information on price increases as part of a potential lawsuit alleging misuse of market power.