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A lawyer who failed to pay $23,000 in fees to senior counsel and made a groundless complaint to the bar association to use as a “bargaining chip” engaged in professional misconduct, a tribunal has found.
Insurer Bond & Credit Company points finger at Greensill Group
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Insurer Bond & Credit Company has denied it owes damages over the collapse of the Greensill group, saying it issued a trade credit policy at the centre of four lawsuits because the supply chain financing firm concealed its risks and made fraudulent misrepresentations.
Forex Capital liquidators win ‘urgent’ order for $69.5M distribution to customers
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Forex Capital Trading liquidators have won an “urgent” bid for orders allowing them to distribute $69.5 million to 8,600 former customers of the derivatives trader which allegedly gave misleading advice on products described as “little more than gambling”.
‘Hold Crown to account’: Victoria proposes tougher gambling laws
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The Victorian government has unveiled new laws that would give the state’s gambling regulator enhanced powers to take action against Crown Melbourne.
Man suing judge for unlawful imprisonment blasts ‘hopeless’ defence
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The state of Queensland has brought a “hopeless” defence in a $2.5 million suit alleging a Federal Circuit judge unlawfully imprisoned a Queensland man for contempt after he failed to comply with an order for particulars, a court has heard.
Full clinical trial not needed for Parkinson’s drug patent, IP Australia says
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An IP Australia delegate has rejected German drug maker Ever Neuro Pharma’s claim that extensive experimental evidence was needed to prove the usefulness of a Parkinson’s drug developed by UK-based Britannia Pharmaceuticals.
Suncorp Group settles class action ahead of 25-day trial
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A unit of Suncorp Group has reached an in-principle settlement in a class action over alleged conflicted remuneration on the first day of an expected 25-day trial.
AUSTRAC refuses exemption for CBA in ‘cuckoo-smurfing’ case
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The Commonwealth Bank of Australia will bring its second bid to dismiss a case brought by customers who claim they were the victims of “cuckoo-smurfing” and had funds seized as proceeds of crime because the bank breached its anti-money laundering obligations.
Treasury Wine’s blackout of board papers ‘not justified’, class action judge says
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A shareholder class action against Treasury Wine Estates has won access to information said to prove there were reduced wine sales in the United States, with a judge finding the wine producer’s redactions of board papers were “not justified”.
Noumi drops serious misconduct claims against former GC
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Noumi, the company formerly known as Freedom Foods, has dropped defence claims that it was entitled to sack its former secretary and group general counsel for serious misconduct.