The shareholder leading a class action against failed fund manager Blue Sky Alternative Investments has lost a bid for a split trial it accepted was novel, despite arguing the usual course for trials in securities cases was “misconceived”.
A judge wrongly cited as the author of an AI-hallucinated judgment has struck out at the AI-assisted statement of claim filed by a self-represented litigant in a defamation case, saying the use of generative AI to prepare pleadings is “a practice that must be stopped”.
IC Markets has prevailed in a fight with the applicant in a class action against the brokerage firm, which sought to personalise a notice to group members advising them of the case.
A judge has struck out builder CPB Contractor’s “clearly untenable” claim against Transport for NSW for $63 million in delay costs for work on the Pacific Highway upgrade.
A judge has handed Knowmore Legal an early loss in a negligence case by a former client, finding the client was barred from bringing further sexual abuse claims by accepting an offer under the national redress scheme.
Phoslock Environmental Technologies, which has produced hundreds of thousands of documents to federal police as part of an investigation of the company’s China operations, must hand over the bundle to a class action.
Open4Sale Global’s directors have been penalised $2.6 million for breaching disclosure laws in raising money from investors, who were labelled “a bunch of idiots” by the company’s boss.
French bank Societe Generale has been hit with a $3.88 million fine for allowing two clients to place suspicious orders on the electricity and wheat futures market, following an investigation by ASIC.
A GFG subsidiary has lost its cross-claim in a battle with OneSteel’s administrators over infrastructure assets at South Australia’s Whyalla port, which is used to export the state’s iron ore.
In its largest ever investment, the federal government’s Clean Energy Finance Corporation has pledged $2.8 billion for the Marinus Link project to build a second underwater cable between Victoria and Tasmania.
For information on rights and reprints, contact subscriptions@lawyerly.com.au
