The number of funded class actions in Australia has dipped in the two years since contingency fees were introduced in Victoria, but litigation funders are still important players in group proceedings, a new report shows.
In a novel decision, a judge has found that a liquidator is entitled to claim his “arguably disproportionate” costs ahead of the preferred claims of company employees.
The builder of an allegedly defective Haymarket apartment building has lost an appeal of a decision which found that separate breaches of statutory building warranties do not create individual causes of action.
A judge has refused Nine’s bid to file a defence which he found was replete with unsupported allegations against Euro Pacific Bank boss Peter Schiff, but has given the broadcaster another chance to argue that defamatory allegations it made against Schiff in a 60 Minutes episode were true.
The Fair Work Commission has upheld the firing of a Melbourne University professor who was found to have pursued an inappropriate personal relationship with a former employee who later complained she had been “groomed”.
Gold Coast ‘finfluencer’ Tyson Scholz has been permanently barred from conducting a financial services business without a license, after a court found he provided illegal financial services by giving tips on his Instagram account and to customers who paid for access to his seminars and ‘Black Wolf Pit’ chat room.
Monster Energy has been sued by an inventor who claims that the beverage giant infringed his patent for laser etched pull tabs like those used to package its energy drinks.
Award-wining architecture firm Ashton Raggatt McDougall and its former boss have agreed to pay a combined $975,000 in penalties for attempting to rig bids on a $250 million building project at Charles Darwin University.
BlueScope Steel spent $27 million defending the ACCC’s claims that it engaged in serious cartel conduct in relation to the supply of flat steel products in Australia, and its apologies came too late to warrant a penalty discount, a court has heard.
A court has heard that a director at office leasing company Cushman & Wakefield who accepted a job with a competitor could lose a $1.3 million sign-on bonus if the case by her former employer is not promptly resolved.