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Greensill Capital likely became insolvent on March 2, seven days before the Queensland-based financial services firm appointed administrators, the company’s liquidators have revealed.
Former students accuse Victorian high school of ‘unbearable’ racial discrimination
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A group of Jewish and Israeli former students have accused a Victorian secondary school of “breaking (their) soul” and violating their human rights by allowing racially-charged bullying to proliferate in its classrooms.
Sydney man defamed by Fairfax hit-and-run story loses bid to up damages
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An appeals court has thrown out an appeal by a Sydney man who sought greater damages for being incorrectly named in media reports as the driver in a fatal hit-and-run.
Minetek can’t inspect USB devices for potential lawsuit against ex-employee, court rules
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Global mine technology company Minetek has lost its bid to access USB devices held by equipment manufacturer Howden’s solicitors for use in a potential lawsuit against a former employee who it says may have unlawfully used confidential company information.
Judge lashes Forum Finance director’s failure to comply with court orders
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A judge has issued an ultimatum to Forum Finance director Bill Papas for his “entirely unsatisfactory” conduct in failing to provide details of personal assets while defending three lawsuits that accuse him of being behind a $400 million fraud.
Westpac’s profits relevant, judge says in imposing $3M fees-for-no-service penalty
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Westpac has been ordered to pay $3 million after two subsidiaries admitted misleading hundreds of superannuation customers about the financial adviser fees they were charged, a penalty that took into account the Big Four bank’s massive profits.
Class action firm wants to intervene in FWO’s ‘entirely misconceived’ case against Woolworths
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Employment class action law firm Adero Law is seeking to intervene in the Fair Work Ombudsman’s action against Woolworths, saying the “misconceived” proceedings have disrupted mediation in a class action against the supermarket chain for which 3,000 employees have registered.
Prosecutors lose bid to revoke bail for Obeids, Macdonald ahead of sentencing
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Former NSW Labor Ministers Ian Macdonald and Eddie Obeid as well as Obeid’s son, Moses, will remain out of jail for now after a NSW Supreme Court judge rejected an application by prosecutors to revoke their bail ahead of an upcoming sentencing hearing.
Amazon, eBay, Kogan in ACCC’s sights in digital platforms inquiry
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The ACCC will probe potential competition and consumer concerns over online retail platforms eBay, Amazon, Kogan and Catch.com.au, and has called for submissions as part of its ongoing inquiry into digital platform services.
Judge lets two Boral class actions run, but warns about potential lawyer conflicts
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A judge has denied a law firm’s bid to stay a rival’s closed shareholder class action against construction giant Boral but warned courts must be alive to the potential for conflicts where lawyers stand to reap “very significant financial awards” from class action proceedings.