The legal market has experienced unprecedented growth during the last year despite the coronavirus pandemic, but law firms are âbattlingâ to retain and hire lawyers, a CBA report has found.
Accounting firm Pitcher Partners was âsolely responsibleâ for giving allegedly negligent advice about Slater & Gordonâs disastrous $1.2 billion Quindell acquisition ahead of the law firmâs massive losses in 2016, Ernst & Young has argued at trial in a long-running class action by the firmâs shareholders.
The Australian Securities and Investments Commission has hit beleaguered mining firm Griffin Coal with criminal charges over its alleged failure to lodge annual financial reports for 2019 and 2020.
Accounting firms Pitcher Partners and Ernst & Young have blamed the lawyers who advised on Slater & Gordonâs disastrous $1.2 Quindell acquisition for the its massive losses in 2016, saying they failed to point out the âcommercial misjudgmentâ of agreeing to the deal.
Accounting firms EY and Pitcher Partners ignored âfront page newsâ that Slater & Gordonâs acquired business Quindell was scrutinised by a UK regulator after reporting a $250 million (ÂŁ137 million) loss, a court heard on the second day of trial in a class action by the law firmâs shareholders.
Accounting firm Pitcher Partners gave faulty advice ahead of Slater & Gordon’s disastrous $1.2 billion Quindell acquisition that was responsible for $800 million in the businessâ value âdisappearingâ within six months, a court heard on the first day of trial in a long-running class action by the law firm’s shareholders.
The Northern Territoryâs agreement to pay $35 million to settle a class action on behalf of 1,200 young people who allegedly suffered human rights abuses while in detention was a âdiscountâ on the claimed value of compensation owed, a court has heard.
Department store chain Myer has been hit with a lawsuit for allegedly failing to pay over $4.2 million in rent for its flagship store on Bourke Street in Melbourne during the coronavirus pandemic.
Former Tennis Australia president Steven Healy has lost his bid for $4.3 million in indemnity costs against ASIC over its failed case over the rights to the Australian Open, with a judge finding the regulatorâs case against him had âreasonable prospects of successâ before trial.
Western Power is not entitled to palm off the legal costs of defending a class action after an appeals court found it was negligent in causing the January 2014 Perth Hills bushfire which destroyed 57 homes, a court has said.