Explaining his decision to reject a class action settlement that would have earned a law firm $1.75 million but provided nothing to 27,000 Woolworths employees, a judge has said the agreement created a conflict of interest between the solicitors and the workers they sought to set “adrift”.
The judge overseeing the scandal-ridden Banksia Securities class action has questioned why a solicitor on record for the case hasn’t handed over his ill-gotten fees despite professed regret for his actions and his claims to have reformed.
The High Court has rejected plumbing company Repipe’s application to hear its case centred on the question of patent eligibility for computer-implemented inventions, saying the case was not an appropriate vehicle for special leave.
The behaviour of the legal team running the Banksia Securities class action was “reprehensible” and the solicitor who allowed himself to be controlled by lawyer and funder Mark Elliott should be struck from the court’s roll of practitioners, a judge heard Tuesday.
A solicitor fighting to remain on the roll after his involvement in the infamous Banksia Securities class action has told of his regret at having lunch with the funder behind the case eight years ago — a meeting that set in motion a plot driven by lawyers to deceive seven Supreme Court judges and defraud thousands of investors.
The NSW District Court judge presiding over the criminal trial of Guy Sebastian’s former manager, Titus Day, has died suddenly.
Founder and former CEO of listed investment firm DomaCom is suing Nine over an episode of A Current Affair that allegedly suggested he was involved in a sham acquisition of agriculture company Austagri to boost his company’s share price.
A recent appointee to the Federal Circuit Court has resigned after an investigation in response to claims of misconduct made by a third party.
HWL Ebsworth has been taken to task for its spare defence in a $4.4 million lawsuit by a former capital partner, with a judge saying the court was entitled to know how the law firm relied on the partnership deed to deny the solicitor’s right to an equitable share of firm profits.
IOOF financial advice unit RI Advice has escaped a penalty in a test case alleging cybersecurity failures, but the firm must engage an IT security company and pay the corporate regulator’s legal costs.