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Judge grills ex-Star boss over ‘startling’ report on Suncity junket
Trials 2025-03-06 5:23 pm By Cindy Cameronne

A judge has questioned the former CEO of Star about a report that contained “startling” information about the casino’s significant junket operator Suncity that linked it to organised crime. 

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Star’s former CEO accused of ‘false account’ in money laundering trial
Trials 2025-03-05 11:19 pm By Cindy Cameronne

Facing a grilling at trial in ASIC’s money laundering case, Star’s former boss has been accused of giving a false account of a conversation he had with the casino operator’s head of due diligence.

Quintis misled the market, but class action’s loss narrative lost the case
Class Actions 2025-02-25 11:50 pm By Christine Caulfield

In tossing the sixth securities class action to go to trial in recent years, a Federal Court judge has shown the task of proving shareholder loss is a doozy.

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Shareholder class action against EY, Quintis founder dismissed by court
Class Actions 2025-02-24 9:44 am By Christine Caulfield

Although finding the former director of Quintis and its auditor, EY, engaged in misleading and deceptive conduct, a judge has dimissed a class action by the sandalwood producer’s shareholders.

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S&P fails in bid for all class action expert evidence to be thrown out
Class Actions 2025-02-13 3:55 pm By Cindy Cameronne

Ahead of an eight-week trial in an investor class action in July, ratings agency S&P has lost its bid to throw out the entirety of the expert evidence in the case.

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Former Star execs ignored ‘brazen’ money laundering risks, court told
Trials 2025-02-10 11:03 pm By Cindy Cameronne

On day one of trial in ASIC’s case accusing ten Star executives of turning a blind eye to money laundering, the court heard about a blue esky bag full of cash and people hiding under blankets to avoid CCTV.

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Law firm can’t dodge $5.4M security in Macquarie class action
Class Actions 2025-01-06 7:24 pm By Cindy Cameronne

Maurice Blackburn is stuck paying $5.4 million in security in a flex commissions class action against Macquarie, with a judge saying it represents a “business risk willingly undertaken”.

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‘Replete with error’: Firm fights $5.4M security order in Macquarie class action
Class Actions 2024-11-28 11:13 pm By Sam Matthews

A law firm is challenging an order that it pay $5.4 million in a class action against Macquarie Leasing as security for the lender’s costs, saying concerns about its borrowing capacity were “theoretical and speculative.”

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S&P entitled to Rolls-Royce defence in CDO class action: court
Financial Services 2024-10-28 11:26 pm By Cat Fredenburgh

S&P is free to pay for a Rolls-Royce defence in “Rolls-Royce litigation” that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.

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With new self-funding model, class action firm’s promise to pay Macquarie’s costs not enough
Class Actions 2024-10-09 11:30 pm By Cat Fredenburgh

With its new business model of self-funding class actions, Maurice Blackburn can’t get by with an undertaking to indemnify Macquarie for its costs if a case over flex commissions fails.

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