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Carriage fight on the cards as third IC Markets class action filed
Class Actions 2024-03-18 3:39 pm By Sam Matthews

A third law firm has filed a class action against International Capital Markets, after failing to reach an agreement on joining forces with two other firms that have agreed to consolidate their competing class actions against the Sydney broker over risky contracts for difference.

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Gadens nabs defamation partner from Banki Haddock Fiora
Business of Law 2024-03-18 3:44 pm By Sam Matthews

Law firm Gadens has strengthened its IP and defamation practice with the appointments of a partner and associate from rival Banki Haddock Fiora. 

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Blue Sky founder may have insider trading claims over release of Glaucus report, judge says
Securities 2024-03-15 11:08 pm By Sam Matthews

Blue Sky’s founder and former managing director Mark Sowerby has won orders requiring a director of US hedge fund Glaucus to produce documents relating to claims the short-seller shared information with market participants before releasing a report which sent Blue Sky’s shares into a tailspin.

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Bloomex hit with $1M penalty for misleading star ratings, discounts
Competition & Consumer Protection 2024-03-15 4:37 pm By Sam Matthews

Online florist Bloomex has been slapped with a $1 million penalty for “serious” misleading representations about its discounts and star ratings system.

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Hall & Wilcox lures EY partner to grow M&A team
Business of Law 2024-03-15 10:16 pm By Sam Matthews

Hall & Wilcox has recruited a mergers and acquisitions lawyer with cross-border expertise from EY to bolster its corporate practice in Sydney. 

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Court asked to sign off on 34% cut for group members in Wellard class action
Securities 2024-03-14 4:36 pm By Sam Matthews

A shareholder class action against livestock exporter Wellard is seeking approval for a $23 million settlement which will see only $7.86 million go to group members, telling the court that the funder and law firm that ran the case have agreed to take a haircut on the deductions they’re entitled to.

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With no intention to pay $200M debt, Spain ‘deserves no sympathy’, court says
Arbitration 2024-03-14 3:04 pm By Sam Matthews

The Kingdom of Spain has been ordered to pay over $50,000 in security on an interlocutory application, with a judge finding the country “deserves no sympathy” following its failure to satisfy a judgment debt of some $200 million.

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In victory for class action, High Court says Qld council must repay levies
High Court 2024-03-13 4:15 pm By Sam Matthews

The High Court has handed a win to a class action on behalf of Queensland ratepayers who were wrongly charged levies over a period of six years, rejecting the local council’s argument that the levies were put to good use.

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In class action defence, Blue Sky says EY has case to answer
Class Actions 2024-03-13 11:15 pm By Sam Matthews

Defunct investment firm Blue Sky has denied a class action’s claims that it misled shareholders ahead of its 2019 collapse and has pointed the finger at auditor EY.

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Class action asks court to stop demolition of Melbourne public housing towers
Class Actions 2024-03-12 11:18 pm By Sam Matthews

A class action over the Victorian government’s decision to redevelop the state’s public housing towers has asked the court for an injunction blocking demolition of three towers in inner city Melbourne, as the state foreshadows a bid to summarily dismiss the case.

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