Real estate company Oliver Hume is facing three lawsuits from overseas investors seeking to get back the $12 million they invested in a mortgage fund that provided funding to property developers.
The funder behind the recently resolved shareholder class action against teleco Vocus will ask a judge to make a common fund order at a hearing to approve a $35 million settlement of the case, the first common fund order since the High Court appeared to put the kibosh on them.
The Australian Securities and Investments Commission formed the view that Dover Financial’s “Orwellian” client protection policy was misleading in 2016 but did not raise its concerns with the now defunct firm until 2018, a court has heard.
After failing to persuade the court at trial, shareholders in a class action against Myer have another chance to prove they suffered financial loss after the department store was found to have repeatedly neglected to correct an inflated profit forecast from former CEO Bernie Brookes five years ago.
A judge overseeing the first of what could be many shareholder class actions over Westpac’s anti-money laundering breaches — brought by class action specialists Phi Finney McDonald — has given other law firms a three-week deadline to notify the court if they plan to file competing proceedings.
Facing a class action by shareholders alleging negligence over advice to Slater & Gordon, law firm Arnold Bloch Leibler is bringing proceedings against its former client to use files in defence of the case.
A barrister and former associate director of a boutique Melbourne law firm has brought legal action alleging the firm wrongfully terminated his employment after he complained about a “culture of staff going behind people’s backs”.
The entrepreneur who funded one of two settled Murray Goulburn class actions will defend his $10.5 million cut of the $37.5 million settlement, a commission that is under scrutiny by a contradictor appointed by the judge overseeing the case.
A judge is expected to issue a temporary injunction Thursday barring Facebook and Instagram from blocking users who are customers of a Melbourne-based social media startup that has accused the companies of trying to quash competition.
Veteran NRL player agent Sam Ayoub has won his case against his former protege and another employee who left his Ultra Management Sports agency in 2017 and took 18 players with them.