Investors who entrusted their retirement savings to deceased fraudster Melissa Caddick may launch a class action against the auditors that signed off on financial statements for the funds.
Combatting “opportunistic” class actions is one of the main drivers behind proposed legislation to reform Australia’s continuous disclosure laws, but the federal treasury department has brushed off a Senate committee’s request for a list of cases apparently deserving of the derogatory tag.
To those who know Tim Finney as the talented solicitor who helped launch a successful law firm at the age of 34, it might come as a surprise to learn that the Litigation Rising Star once had a paying gig as a music journo meditating on, or grappling with, in his own words, âthe eternal difficulty of capturing how the sound of sound affects usâ, and other things ineffable.
The ACCC has cleared Woolworths’ planned $552 million acquisition of a 65 per cent stake in wholesale food distributor PFD Food Services without the supermarket giant’s proposed undertaking to maintain independence between the company for three years.
Defence shipbuilder Austal has been hit with regulatory action over market disclosures linked to cost overruns with the company’s $3.5 billion US Navy warship program.
A judge has refused an application by banned lawyer Serene Teffaha for a temporary stay of a decision by Victoria’s legal watchdog to strip her of her practising certificate.
Two former detainees of youth detention centres in the Northern Territory can’t rejoin a class action against the NT government after settling their claims, despite the “unsatisfactory” circumstances surrounding their exclusion from the proceedings, a judge has found.
A judge has thrown out trade mark infringement claims brought by AGL against Greenpeace for using the energy company’s logo in a public campaign labelling it “Australia’s biggest climate polluter”.
A judge has gutted a defence and counterclaim filed by the biggest unitholder in investment fund Vale in a battle with a litigation funder and liquidators over agreements to join two class actions against S&P Capital, a fight that threatened to hold up one of the class actions.
Plaintiffs in a class action against Advanta Seeds rejected a $10 million offer to settle the litigation, which was later dismissed by a judge.