A judge has ruled that a litigation funder for an investor class action against Virgin must give the airline an indemnity to bring proceedings despite finding a deed of company arrangement requiring the pay-out “didn’t make sense”.
Fuji Xerox and Ernst & Young have settled a lawsuit over $450 million in alleged accounting irregularities that also ensnared an EY partner and two senior Fuji executives.
A landmark class action on behalf of over 1,700 family members and deceased estates of the Northern Territory Stolen Generations has reached a $50.45 million settlement with the federal government.
An appeals court has dismissed a challenge brought by a Snap Fitness franchisee to a ruling that found insurer Lloyd’s could rely on a conformity clause in its policy to deny business interruption coverage to the NSW gym for losses related to COVID-19.
A judge has barred a retired Moore Stephens partner from bringing all but a single claim against a former colleague who allegedly failed to account to the partnership for unauthorised profit in excess of $11 million.
The special purpose receiver acting for debenture holders of defunct Banksia Securities was right to reject a confidential settlement — believed to be for $10.6 million — offered by the disgraced lawyers behind a scandal-ridden class action, a court has found.
Nine sports presenter Erin Molan has won a substantial payout from the Daily Mail over an article concerning an on-air remark she made about the pronunciation of National Rugby League Polynesian player names, despite failing to prove the story painted her as a racist.
A judge has granted the liquidators of Cornerstone Investment Australia leave to sign a funding agreement for the insolvent tertiary education provider’s $56 million professional negligence claim against accounting firm PricewaterhouseCoopers.
Builder J Hutchinson and the CFMEU have been fined a combined $1.35 million for entered into an anti-competitive agreement to boycott an independent subcontractor at a construction site in Brisbane.
A judge has ruled that oil company Inpex can call on a $467 million bank guarantee in its contract battle with Korean shipbuilder Daewoo over the contentious Ichthys LNG project off the coast of Western Australia.