The funder backing a shareholder class action against the directors of pharmaceutical firm QRxPharma will not seek to profit from a $7 million settlement in order to bring about a better return for group members, a judge has been told.
A judge has denied a request to grant priority status to a shareholder class action against Crown Resorts that would have allowed the Melbourne-based legal team running the case to access childcare and leave their homes for work while the state of Victoria remains in lockdown.
The director of the beleaguered Mayfair investment group, who has been self-represented in winding up proceedings by ASIC, has now entered into a late stage retainer with law firm Ashurst, with his barrister saying he could no longer manage the case on his own after the regulator filed a lengthy affidavit.
The Morrison Government has extended a temporary change to the continuous disclosure rules to give companies more wriggle room in updating shareholders during the coronavirus pandemic by six months, saying the change had allowed shareholders to remain informed while preventing “opportunistic class actions”.
Leading senior barristers and former judges are urging Victoria’s upper house to oppose the Andrews government’s COVID-19 Omnibus bill, saying legislation allowing citizens to make arrests was an overreach.
The managing partner of a high-profile Sydney law firm has told the barrister cross-examining him that the word menstrual means “monthly” in Latin, when explaining an email in which he slammed the firm’s former general manager’s practice of billing clients on a “menstrual based cycle”.
A decision earlier this month to extend Victoria’s controversial COVID-19 curfew was “bizarre, capricious, arbitrary” and was made under pressure from the state’s Premier, a Victoria Supreme Court judge has heard.
A judge has awarded $875,000 in damages in a defamation case brought by Nationals MP Dr Anne Webster against a conspiracy theorist for a series of social media posts linking the politician and her husband to a child sex ring.
Sustainable technology company Papyrus Australia has reached a settlement with its former CEO in a defamation case that alleged the omission of his name in the company’s 2018 annual report was akin to calling him a liar.
Deloitte Touche Tohmatsu has asked a court to toss a majority of claims in a lawsuit brought by 63-year-old partner Colin Brown over the firm’s alleged discriminatory retirement policy that he claims has cost him almost $4 million.
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