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A judge has ordered the lead applicants in an unfunded class action against the Southport-based issuer of Qoin to cough up $750,000 in security, despite hearing submissions that the costs order would kill the case.
Zurich loses bid to shut down NZ apartments class action
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Irish insurer Zurich Insurance has lost its appeal seeking to shut down a class action filed against it in the NSW Supreme Court over a defective New Zealand apartment block.
No whey: IP Australia sides with Fonterra in rejecting protein patent
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IP Australia has rejected the patent application of Scandinavian dairy giant Arla Foods amba, finding its high-protein whey-based yoghurt invention lacked an inventive step.
Gilbert + Tobin snaps up K&L Gates construction global co-head
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Gilbert + Tobin has lured K&L Gates’ global co-head of construction to join its energy and infrastructure practice in Melbourne.
Family who forged will of ‘worst landlord’ still at loggerheads over properties
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A judge has flagged the “regrettable” prospect of further litigation in relation the estate of Melbourne businessman Frank Cassar, following a finding that Cassar’s will was forged in a conspiracy by his widow, daughter and son who feared losing his multimillion-dollar business empire after his death.
Judge under fire again, this time for developing own fraud case in bankruptcy spat
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A court has overturned a ruling by a federal judge repeatedly in the spotlight for his decisions, finding in the latest case that a fraud claim against a property purchaser in a dispute with bankruptcy trustees was a notion developed, pursued and upheld by the judge himself.
Forum Finance director to get $1.25M for legal funds, despite ‘Byzantine’ financials
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Bill Papas’ business partner Vince Tesoriero has won the release of $1.25 million to pay for his legal fees in Westpac’s fraud case against him, despite a judge’s finding that disclosure concerning his true financial position was “less than ideal” and included “staggering” discrepancies.
Funder wants $13.2M commission from confidential Opal Tower class action settlement
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Although the settlement sum has not been disclosed, court documents in the Opal Tower class action reveal the litigation funder backing the case will seek $13.2 million in commission when the parties appear before the court later this year.
Alleged Ponzi schemer Chris Marco charged with 50 fraud counts
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Accused Ponzi schemer Chris Marco has been hit with criminal charges after an investigation by the Australian Securities and Investments Commission found he defrauded $36.5 million from nine investors.
Epoch Capital accuses analyst of taking confidential info
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Trading firm Epoch Capital has brought proceedings against a quantitative analyst who allegedly downloaded confidential information from the firm’s computers.