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.
International law firm HFW has bolstered the ranks of its disputes practice in Australia, recruiting a leading commercial litigation and international arbitration partner from Corrs Chambers Westgarth.
A judge has ordered a temporary stay of ASIC’s case accusing Mayfair 101 director James Mawhinney of contempt for breaching a 20-year ban.
Gold Coast fraudster Dr Roger Munro has been sentenced to four and a half years in prison after pleading guilty to three counts of duping investors into parting with hundreds of thousands of dollars.
A trial in a negligence case by a former solicitor and client of Sydney-based McCabes Lawyers has been vacated because of the firm’s non compliance with a court’s document discovery orders.
National Australia Bank has avoided enforcement action and entered into an undertaking with AUSTRAC to settle an investigation into compliance with anti-money laundering and counter-terrorism financing laws.
Law firm Maurice Blackburn will ask a court to approve $14.5 million in costs for running a class action against Colonial First State that has settled for $56.3 million, giving account holders 75 per cent of the proceeds.
A judge has signed off on a $125 million settlement to resolve a shareholder class action against Crown Resorts over disclosures relating to its Chinese gambling operations, but has shaved $1 million from the funder’s proposed commission.