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A judge has ordered the winding up of a managed investment scheme operated by Perth businessman Chris Marco and his company AMS Holdings after investors allegedly lost more than $200 million.
High Court asked to deal death blow to common fund orders
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Convenience store chain 7-Eleven has asked the High Court to find courts do not have the power to make common fund orders at settlement or judgment in a class action, one year after the High Court ruled common fund orders could not be made in the early part of a representative proceeding.
PwC’s client urged to get separate lawyers in tax office stoush over legal privilege
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A court battle between the Australian Taxation Office and PricewaterhouseCoopers over the scope of legal professional privilege claimed by one of its major clients, meat processing giant JBS Australia, has hit a preliminary snag over the consulting giant’s representation of JBS, with a judge warning he might compel the company and its subsidiaries to engage independent lawyers.
Class action against collapsed Linchpin Capital gets court go-ahead
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A judge has given his blessing to investors to pursue a class action against financial services firm Linchpin Capital and its subsidiary Endeavour Securities, saying there was a strong possibility the failed companies’ alleged liability would be covered by an insurance policy.
Judge denies bid for insurance docs by applicant in One Key class action
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The applicant in a class action against labour hire firm One Key Resources has lost a lawsuit seeking preliminary discovery of liability insurance policies to potentially add One Key Workforce to the proceeding.
Kogan hit with $350,000 penalty for misleading TAXTIME promotion
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Online retailer Kogan has been hit with a $350,000 penalty for misleading customers during its 2018 TAXTIME promotion by offering discounts on products whose prices had been inflated, far short of the $2 million penalty sought by the Australian Competition and Consumer Commission.
Rio Tinto claims cut from Deloitte age discrimination lawsuit
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Deloitte Touche Tohmatsu has succeeded in striking out claims that it made misrepresentations to Rio Tinto when it appointed a partner nearing the mandatory retirement age to a five-year project with the mining giant.
Judge nixes bid to boot unregistered group members from Sims class action
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A bid by the applicant to restrict a securities class action against recycling company Sims Metal Management to shareholders who have registered to join the case has been shot down by a judge, who said the application was not in the interests of justice but “in the interests of injustice”.
Fairfax looks to pare Elaine Stead’s defamation case mid-trial
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Nine-owned Fairfax has denied that two Australian Financial Review articles implied that venture capitalist Dr Elaine Stead “deliberately” destroyed capital, as it seeks to significantly reduce the defamation case it faces.
ACCC accuses CFMEU, Hutchinson of boycotting non-union subcontractor
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The ACCC has taken legal action against the CFMEU and national builder J Hutchinson for allegedly boycotting an independent subcontractor at a construction site in Brisbane.