A former QC turned Victorian Supreme Court judge has been found liable, along with a law firm acquired by Russell Kennedy, to pay $1.185 million to a former client for providing negligent advice on a land purchase contract.
ASIC has launched court action against two Commonwealth Bank of Australia subsidiaries that have admitted multiple “systemic compliance failures”, including the overcharging of more than $4.3 million in brokerage fees.
Clive Palmer’s Mineralogy has lost its bid to make Sino Iron and Korean Steel cough up over $529 million for mine site remediation in Western Australia, after the mining company argued the terms of their contracts required an immediate lump sum payment.
Directors of steel producer Arrium continued to borrow money from “vulnerable” lenders in the months prior to the company’s $2.8 billion collapse and “bled cash” despite the inevitable end, a number of lenders have said on the first day of a 40-day trial in the NSW Supreme Court.
Melbourne underworld figure Mick Gatto was not defamed by an online ABC article reporting on witness evidence given in court alleging he helped arrange the murder of Victor Pierce and threatened to kill barrister Nicola Gobbo, a judge has ruled.
Professionsal services giant EY has added to the many cross-claims flying in the shareholder class action against Pitcher Partners over advice to law firm Slater & Gordon, and has alleged the accounting firm engaged in misleading or deceptive conduct and negligence and that it breached its retainer.
The ACCC’s cartel case against family-owned crane company NQCranes suffers from ‘incoherence’, the company’s counsel told the Federal Court on Monday ahead of an application to strike out a large portion of the regulator’s case.
Less than four months after its establishment, litigation funder CASL has hired four investment managers from Litigation Lending Services, in a move that may dramatically shrink the rival funder.f
ASIC’s warning about the futility of mediation with an IOOF subsidiary has proved prophetic, with talks last week failing to resolve the regulator’s case ahead of trial starting Monday.
A company run by an AFR Young Rich Lister has been taken to court for allegedly infringing an Indigenous-owned entrepreneurship coaching company’s trade mark.
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