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PwC accused of ‘hiding behind’ legal privilege to shield Linklaters report
PricewaterhouseCoopers 2024-02-09 10:05 pm By Cindy Cameronne

PricewaterhouseCoopers has been slammed for refusing to release a report by law firm Linklaters into alleged wrongdoing by international partners, with a senator saying the firm was “hiding behind” privilege after it made thousands of such claims during an ATO investigation. 

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Judge says settlement offers should operate as bulwark against costs in class actions
Class Actions 2024-02-09 10:10 pm By Cindy Cameronne

A judge has held that there could be favourable costs consequences for Carnival if its rejected $15 million settlement offer in the Ruby Princess class action turns out to be more generous than the ultimate damages award, departing from a previous ruling that so-called Calderbank offers do not operate in group proceedings. 

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Detainees to launch class action against government in Federal Court
Human Rights 2024-02-08 11:34 pm By Cindy Cameronne

Asylum seekers who were put in immigration detention in South Australia can transfer their cases to the Federal Court to run their claims as a class action accusing the federal government of negligence and unlawful detention.

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Nervous shock awards ‘snowballing’, says Sparke Helmore’s new health partner
Healthcare 2024-02-08 11:28 pm By Cindy Cameronne

Health law practitioners are grappling with “snowballing awards” in claims over psychiatric injuries, according to Sparke Helmore’s new health law partner. 

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Big Un financier admits 3 million share purchase, denies knowledge of stock manipulation
Restructuring & Insolvency 2024-02-07 11:43 pm By Cindy Cameronne

Sydney financier First Class Capital has admitted it acquired three million shares in former market darling Big Un but has denied liquidators’ claims that the purchase was part of a fraudulent design to inflate the share price ahead of the video start-up’s collapse.

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Online broker IC Markets faces second class action over CFDs
Class Actions 2024-02-07 10:19 pm By Cindy Cameronne

Online broker International Capital Markets has been hit with a second class action for selling “excessively risky” derivative products known as contracts for difference to retail investors. 

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AMA Group drops poaching case against three former execs
Employment 2024-02-07 3:44 pm By Cindy Cameronne

Car repair giant AMA Group has resolved its case against three former executives that sought to block them from poaching staff and customers for competing business Drive Group. 

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Influential judge remembered for ushering in ‘brutal’ case management rules
Courts 2024-02-06 3:44 pm By Cindy Cameronne

Practitioners have marked the passing of former NSW Supreme Court Justice Andrew Rogers KC, who will be remembered for transforming commercial litigation through his vigorous, often “brutal” approach to case management.

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Law firms team up to run class action against IG Markets over CFDs
Financial Services 2024-02-06 3:04 pm By Cindy Cameronne

Two firms have agreed to consolidate their class actions against online trading platform IG Markets over risky CFDs, but the company failed in a bid to have the two funders behind the cases liable for 100% of any security for costs order lest one funder defaults.

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Clive Palmer loses second bid to shut down criminal cases
White Collar 2024-02-06 11:05 pm By Cindy Cameronne

Mining magnate Clive Palmer has lost an appeal seeking to throw out two criminal cases over a takeover bid and payments to his political party, with an appeals court finding the challenge was an abuse of process.

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