Fired underwriter Greg Brereton has been granted an extension to respond to lawsuits targeting Insurance Australia Group over trade credit policies covering $4.6 billion in loans issued by collapsed Greensill Capital.Â
Oil exploration company PTTEP has argued 15,000 Indonesian seaweed farmers who brought a class action alleging their crops were damaged after an oil spill in the Timor Sea will need to individually persuade the court to allow their claims out of time.
A judge who lashed âunsatisfactory cooperationâ between Chubb and British automotive distributor Inchcape has found the insurerâs policy covers some but not all costs stemming from a cyber attack which allegedly caused over $4 million in loss.
The litigation funder backing two combustible cladding class actions has sold a third of its investment in the cases to a player in the nascent secondary market for class action financing.
The High Court has declined special leave to a class action to challenge a ruling that found dam operator Seqwater was not liable for the 2011 Queensland floods, after the state of Queensland and subcontractor Sunwater agreed to pay $440 million last year to settle their share of the liability in the long-running case.
A class action against failed Fairview Architectural over alleged combustible cladding hangs in the balance as a court sets the stage for a fight with insurer Vero over a $190 million policy.
Oil exploration company PTTEP has appealed a judge’s findings that oil that gushed from one of its wells in the Timor Sea in 2009 reached the coasts of Indonesian islands and damaged the crops of local seaweed farmers.
A judge overseeing a class action against the Australian arm of Thai state owned oil giant PTT has rejected attempts to limit the claimed damages from one of Australia’s largest oil spills, saying the disaster was “widespread” across Indonesian islands in the Timor Sea.
The applicants in the Queensland floods class action have asked the High Court to overturn a judgment which found dam operator Seqwater was not liable because it was functioning as a public authority when operating two dams during the 2011 floods, arguing the case raises important issues about appeals in ‘mega’ litigation.
Water supplier and dam operator Seqwater has won its high-stakes challenge to a ruling finding it liable for the 2011 Queensland floods and sticking it with half the damages owed to thousands of class action members.