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ASIC chair James Shipton will step down from his role despite being cleared by an independent review into $118,000 in payments related to his relocation from the US in 2018.
AMA Group to fight court injunction granted to ‘intolerable’ CEO accused of fraud
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Automotive firm AMA Group will seek to discharge an injunction preventing it from dismissing a CEO who has been accused of defrauding the company of “hundreds of thousands of dollars” and damaging its reputation with major partners.
Judge slams year-long delay in $80M case against CFMEU over robo-terminal blockade
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A judge has hit a Port Melbourne container terminal with costs for wasting time in a $80 million lawsuit against the CFMEU over picketing at the world’s first fully automated container terminal, finding the company’s explanations for the delay, including that COVID-19 had slowed it down, were “inconsistent” and “odd”.
ACCC takes another swipe at Google with report on ad tech dominance
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Google is looming large over the advertising technology world, the ACCC says in a new report highlighting growing concerns the global tech giant’s “unrivalled” ability to preference its own technology could affect competition.
Quintis insurers may have to cough up extra $11.25M in class action settlement
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A lawsuit seeking to increase D&O insurance for sandalwood producer Quintis in the wake of a class action settlement has fallen short of the $40 million in additional coverage sought, but a Federal Court decision may see a further $11.25 million go to group members.
Dr Reddy’s alleges VC firm made false claims in head lice lotion deal talks
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Multinational pharmaceutical company Dr Reddy’s has launched a lawsuit against a Melbourne biotechnology company’s directors as well as venture capital firm OneVentures, alleging they sold it dodgy lice treatment which was forecasted to make over US$100 million.
Law firm, barrister face negligence trial over client’s loss in $24.5M property spat
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A Melbourne law firm and barrister will soon face trial over allegations of breach of fiduciary duty brought by a former client who lost a lawsuit over a $24.5 million property joint venture.
Millionaire couple sues developer over artistic rendering of $10M dream home
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The wealthy owners of a Melbourne shoe manufacturer are taking a unit of property developer JD Group to trial this week, alleging “artist impressions” of a nearly $10 million off-the-plan high rise inner city apartment were misleading and deceptive.
The top litigation law firms of 2020
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Lawyerly’s Litigation Firms of 2020 delivered significant victories for clients last year in bet-the-company matters, thriving in a tumultuous year that saw courts and litigants adapt to virtual trials and other new norms that are sure to outlast the COVID-19 pandemic.
JPMorgan seeks to shield interview docs in ANZ cartel case
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While a Federal Court judge recently promised to advance a long-running criminal cartel case against several investment banks and individuals over a $2.5 billion ANZ share placement, a separate judge will soon hear a privilege dispute over documents from whistleblower JPMorgan that promises to further delay the case.