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Failed neobank Volt is facing an investor class action investigation over representations made in a series of funding rounds that raised $219 million before announcing last week that it would shut its doors.
St Basil’s charged over deadly COVID-19 outbreak
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Melbourne-based aged care facility St Basil’s has been hit with nine charges by the state’s workplace safety watchdog over a COVID-19 outbreak that resulted in 45 resident deaths.
Litigation funder shareholders battle over ownership
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Litigation funder Embedded Claims has filed court proceedings against one of its shareholders after its former bankrupt director “ineffectively” transferred off half of his shares.
Photo of signed contract suffices, judge finds in $7M win for Japan’s Mitsui
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A judge has found that a partly obscured photo showing a signature was enough to render a contract enforceable, in a multi-million dollar contract fight between Mitsui & Co and a Victorian steel mill operator.
Crown accused of failing to rein in problem gamblers
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Crown Resorts could face another record fine after Victoria’s gambling regulator launched fresh disciplinary proceedings seeking information about the casino’s alleged failure to properly supervise problem gamblers.
Seven wins access to CCTV footage in defamation case by Jarryd Hayne supporter
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A man who says he was falsely accused by a Seven journalist of spitting at an alleged rape victim of rugby league footballer Jarryd Hayne must hand over key CCTV footage he claims vindicates him in his defamation suit against Seven.
Judge approves $4.7M Quintis class action settlement
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A judge has signed off on a $4.7 million settlement in two investor class actions against collapsed sandalwood producer Quintis, two year after an earlier settlement was scuttled as group members kicked off an insurance dispute in pursuit of a better return.
Stock Swami admits he lied to Tolga Kumova’s lawyers in defamation trial
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Twitter personality Alan Davison, who runs the account Stock Swami, has admitted he misled lawyers for mining investor Tolga Kumova and deliberately failed to obey court orders for discovery in cross-examination during a defamation trial.
After ‘very unfortunate’ loss, Carwoola bushfire class action dodges indemnity costs
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The lead applicant in an unsuccessful class action over the Carwoola bushfire has avoided indemnity costs sought by insurer CGU and has won a 40 per cent reduction in the amount of legal costs it will have to cover for the defendant.
‘I want complete transparency’: Forum Finance director faces grilling for legal funds
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A judge has told Forum Finance director Vince Tesoriero to “revisit” evidence about his true financial position if he wants to win the release of $1.25 million to pay for his defence in Westpac’s fraud case against him, amid concerns about whether he has made full disclosure to the court.