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Western Australia is set to become the fifth state in Australia that allows lawyers to launch class actions, after a bill permitting representative proceedings advanced in the state parliament’s upper house.
Moore Stephens ex-partner barred from bringing all but one claim against former colleague
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A judge has barred a retired Moore Stephens partner from bringing all but a single claim against a former colleague who allegedly failed to account to the partnership for unauthorised profit in excess of $11 million.
Bannister Law’s ex-office manager claims she was forced to work while on leave
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Bannister Law principal Charles Bannister has been hit with a lawsuit by a former office manager who alleges she was made to work while on leave following a workplace injury.
Banksia receiver justified in rejecting lawyers’ $10.6M settlement, court says
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The special purpose receiver acting for debenture holders of defunct Banksia Securities was right to reject a confidential settlement — believed to be for $10.6 million — offered by the disgraced lawyers behind a scandal-ridden class action, a court has found.
Sports presenter Erin Molan wins $150,000 defamation judgment against Daily Mail
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Nine sports presenter Erin Molan has won a substantial payout from the Daily Mail over an article concerning an on-air remark she made about the pronunciation of National Rugby League Polynesian player names, despite failing to prove the story painted her as a racist.
Cornerstone liquidators can sign funding pact for $46M case against PwC
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A judge has granted the liquidators of Cornerstone Investment Australia leave to sign a funding agreement for the insolvent tertiary education provider’s $56 million professional negligence claim against accounting firm PricewaterhouseCoopers.
J Hutchinson, CFMEU fined $1.35M for construction boycott
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Builder J Hutchinson and the CFMEU have been fined a combined $1.35 million for entered into an anti-competitive agreement to boycott an independent subcontractor at a construction site in Brisbane.
Inpex can call on $467M bank guarantee in battle with Daewoo over delayed floating gas facility
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A judge has ruled that oil company Inpex can call on a $467 million bank guarantee in its contract battle with Korean shipbuilder Daewoo over the contentious Ichthys LNG project off the coast of Western Australia.
AUSTRAC investigates Perth Mint for financial crimes
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AUSTRAC has appointed an external auditor to Perth Mint, Australia’s official bullion mint, to assess its compliance with anti-money laundering and counter-terrorism financing laws.
Dick Smith directors owe $11.8M in damages after receivers win appeal
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An appeals court has found that two former executives of collapsed electronics retailer Dick Smith should pay the company’s receivers $11.8 million in damages for approving a dividend payment the company could not afford.