The litigation funder facing a lawsuit by the applicant in a class action it financed is demanding security for legal costs because it says the applicant — which is being chased by a law firm for more than $300,000 in fees — may not be good for the money.
The Fair Work Commission has overturned a finding that an Australian National University professor was unfairly fired over a 30-minute “intimate” beach encounter with a student, saying the student was unfairly cast as an “embittered seductress.”
A former CEO of defunct investment research firm van Eyk has admitted to breaching his duties by using his position as director of a subsidiary to dishonestly retain control of the company.
Two Sydney roof tiling businesses have made admissions in civil penalty proceedings brought by the Australian Competition and Consumer Commission alleging they rigged bids for construction at the University of Sydney.
The National Tertiary Education Industry Union has brought proceedings against the University of the Sunshine Coast for allegedly allocating teaching and research work to academic staff that did not “accurately reflect the time taken to do the work”.
The former CEO of failed electronics retailer Dick Smith should be held responsible for approving two dividend payments worth $28.5 million which the company could not afford to pay given it owed millions in unpaid bank loans and supplier debts, an appeals court has heard.
Victoria’s gambling regulator has hit Crown Resorts with a record $80 million penalty over its China Union Pay scheme, which allowed wealthy Chinese patrons to illegally access nearly $164 million in funds.
An appeals court has set aside a notice issued to the tax office to produce documents to Kupang Resources as the mining company seeks to claw back millions of dollars allegedly siphoned off by former shadow director Phillip Grimaldi.
The Sydney Symphony argues its former CEO can’t claim she was dismissed for investigating claims of sexual harassment by the orchestra’s musicians after previously telling the media she was the victim of a politically motivated “hit job” for seeking funding from the NSW government.
The litigation funder backing two combustible cladding class actions has sold a third of its investment in the cases to a player in the nascent secondary market for class action financing.
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