A settlement has been reached in a class action against a Sydney-based financial advisory firm by a group of Chinese investors over a property investment and visa scheme that allegedly saw group members lose $14.5 million in funds.
A Victoria Supreme Court judge hearing two competing class actions against Allianz Australia over “junk” insurance has asked the parties for feedback on what she should consider at a hearing on a request for a group costs order, which would allow the plaintiff lawyers to earn a cut of any settlement or judgment, the first such request made since Victoria legalised contingency fees.
Shareholders who lost a Federal Court trial in their class action against engineering company Worley are challenging the decision to dismiss the case.
Insurers will face a flood of pandemic-related claims after an appeals court ruled in a test case brought by the Insurance Council that certain infectious disease exclusions in business interruption cover do not apply to coronavirus-related claims.
A finding this week that Norton Rose Fulbright intentionally misled a former lawyer in an employment dispute and abused the court’s processes threatens the legal career of an equity partner at the firm and is a warning to all firms to think twice before representing themselves in cases involving soured professional relationships.
A former executive of a unit of Leighton Holdings has been arrested and charged with foreign bribery offences following a 9 year-investigation by the AFP into $106 million in bribes allegedly steered to Iraqi officials to win lucrative oil projects.
A tribunal has rejected a gay discrimination complaint made by anti-discrimination activist Garry Burns against Rugby League player Israel Folau due to the “egregious” nature of Burns’ conduct.
EnergyAustralia will cough up $1.5 million in penalties for wrongfully disconnecting eight customers facing serious financial hardship.
A court has ruled that an arbitration proceeding before the Fair Work Commission does not doom a Federal Court lawsuit brought by the civilian air traffic controllers union against government-owned Airservices.
ASIC acting chair Karen Chester has labelled ‘opaque’ the disclosures made to commissioners a year before controversial rental assistance payments to the regulator’s outgoing deputy chair Daniel Crennan QC were made public, and said the payments would have raised a red flag.
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