Forum Finance boss headed back to Australia to face $263M fraud claims, court hears

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The director of Forum Finance, which has been accused by Westpac and Societe Generale of a $263 million fraud, is in Europe and will return to Australia over the weekend, although he has refused to tell his lawyer his exact location, a court has heard.

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Second COVID-19 insurance test case to be decided by end of year

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A COVID-19 business interruption test case that was filed in the Federal Court following a landmark loss for insurers in test case before the NSW Court of Appeal, will be determined along with any appeals by the end of the year, a judge has said.

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7-Eleven wins removal of Seven Network’s ‘7NOW’ trade mark

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Convenience store chain 7-Eleven has succeeded in having Seven Network’s ‘7NOW’ trade mark removed for non-use, with an IP Australia delegate finding links to services on the media company’s website did not amount to use.

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Halifax auditor pleads guilty to criminal charges over auditing breaches

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The auditor of stockbroker Halifax Investment Services, whose 2008 collapse left around $200 million in client funds trapped, has pleaded guilty to the first criminal charges brought over auditing services in Australia.

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Elit Lawyers co-founder Danielle Snell on starting a law firm in lockdown

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For Elit Lawyers by McGirr & Snell partner and co-founder Danielle Snell, experiencing one of the strictest COVID-19 lockdowns in the world fundamentally changed the course of her career in litigation.

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HWL Ebsworth avoids hit from $263M Forum Finance scandal

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Law firm HWL Ebsworth says it has avoided any negative financial impact from its connection with Sydney financial firm Forum Finance, which has been accused by Westpac of a $263 million fraud.

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‘Cynical and cranky’ tweeter not a journalist, judge rules in defamation case

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A self-described “citizen journalist” who publishes “cynical and cranky” opinions about the Australian Stock Exchange on the Twitter account Stockswami cannot claim journalist privilege to protect his source, a judge has found.

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Former Arrium directors point finger at KPMG in class action defence

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Four executives of the failed Arrium have named auditor KPMG as a “concurrent wrongdoer” in defending a shareholder class action over a $754 million capital raising two years prior to the mining and steel giant’s $2 billion collapse.

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Insurer must cover breast implant doctor’s class action defence costs

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A surgeon facing class action claims from breast implant patients of the defunct The Cosmetic Institute has won his legal battle against an insurer that denied coverage for his defence costs.

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