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Former EY partner loses $1M share dispute against National Tiles
Securities 2024-07-30 3:03 pm By Cindy Cameronne

A former EY partner and ousted board member at National Tiles has lost his $1 million claim alleging the company breached implied terms in a contract by requiring him to sign a “draconian, unreasonable and unacceptable” share agreement.

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Don’t leave it to the court: Judge urges parties to remember legal costs in settlement talks
Employment 2024-07-30 11:25 pm By Cindy Cameronne

A judge overseeing a dispute over an employer’s confidential information has urged litigants to remember their legal costs at an early stage of settlement negotiations, rather than leaving it to the court as the “default option”. 

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Collapsed Booktopia courts 100 suitors as administrators reveal $68M in debts
Restructuring & Insolvency 2024-07-29 11:02 pm By Cindy Cameronne

Booktopia’s administrators have been given more time to try to sell the online bookseller after receiving 100 expressions of interest, with a judge finding it could yield greater returns for its 170,000 creditors, who are owed a total of $68 million. 

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AstraZeneca, Merck face potential class action over heartburn drugs
Class Actions 2024-07-29 2:57 pm By Cindy Cameronne

A law firm is investigating claims against the manufacturers of popular heartburn and acid reflux drugs, alleging they could be responsible for causing stomach cancers and kidney failure in approximately 100,000 people.

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INPEX did not waive privilege over law firm instructions, court rules in $45B Ichthys project spat
Energy & Natural Resources 2024-07-29 2:45 pm By Cindy Cameronne

Dutch paint company AkzoNobel has lost a mid-trial bid to inspect instructions given by Allen & Overy to experts who tested its allegedly unsuitable protective coating used on pipework on the $45 billion Ichthys natural gas project. 

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Law firm’s bid for $12.8M cut of G8 class action needs more evidence, court told
Class Actions 2024-07-26 10:59 pm By Cindy Cameronne

In the first-ever settlement approval hearing involving a group costs order, a contradictor has argued that Slater & Gordon should have provided the court with more information on legal costs and internal rate of return as part of its bid for a $12.8 million contingency fee.

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Monsanto defeats class action alleging weed killer Roundup causes cancer
Class Actions 2024-07-25 4:26 pm By Cindy Cameronne

A judge has dismissed a class action alleging Monsanto’s Roundup weed killer is carcinogenic but did not go so far as to say it definitively does not cause cancer, while also dressing down the lawyers for both sides for causing delays in the case.

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Bruce Lehrmann hires new lawyer in defamation appeal
Appeals 2024-07-25 2:31 pm By Cindy Cameronne

Bruce Lehrmann has secured new representation for his appeal of his failed defamation case against Network Ten over its coverage of Brittany Higgins’ rape allegations, as he seeks to stay a $2 million costs order against him.

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ANZ senior execs under scrutiny in investigation over $14B bond sale
Financial Services 2024-07-25 11:54 pm By Cindy Cameronne

ANZ has confirmed that senior executives could face consequences in an investigation led by Herbert Smith Freehills and Allens regarding concerns that it manipulated government bond sales last year. 

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ASIC accuses COFCO of manipulating wheat futures markets
ASIC 2024-07-25 2:46 pm By Cindy Cameronne

ASIC has brought civil penalty proceedings against Chinese government-owned agri-business COFCO, alleging it manipulated the market for Eastern Australian wheat futures market contracts in 2022. 

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