Two shareholder class actions against sandalwood producer Quintis that reached an in principle settlement over a year ago are moving forward following a protracted dispute over insurance, with the lead applicants getting approval to file proposed amended pleadings.
A settlement reached in a lawsuit by the liquidators of collapsed steel giant Arrium against 10 former company directors accused of insolvent trading has been approved by a judge, who noted that while the settlement amount was “substantial”, the deal involved a “substantial compromise”.
A Melbourne law firm has triumphed in a lawsuit by a former client that accused it of breaching its fiduciary duty in âhard-foughtâ litigation over a $24.5 million East Melbourne development.
Global resources giant BHP Group is seeking special leave from the High Court to appeal a ruling that rejected its bid to exclude foreign investors from a shareholder class action over the 2015 Fundao dam disaster.
Motivated by greed, online educator Captain Cook College engaged in a system of unconscionable conduct by enrolling thousands of students who accrued $60 million in debt but never finished their courses, a court has found.
The Supreme Court of Western Australia has thrown out a lawsuit against billionaire mining heiress Angela Bennett and her brother Michal Wright over the estate of their father, mining magnate Peter Wright, despite finding the siblings breached their fiduciary duty and engaged in deceit and fraud.
Third-party liability insurers may become the latest parties to be dragged into a complex class action over alleged defects in Sydney’s Opal Tower, which has has spawned six cross-claims so far.
Westpac and French investment bank Societe Generale have obtained freezing orders over $263 million in assets in fraud cases brought against a Sydney software firm and its director, with a court hearing that other financial institutions may also be at risk from the alleged fraud.
Corrs Chambers Westgarth is on a hiring spree, with the appointment of commercial litigation silk Charles Scerri QC and six corporate partners from MinterEllison.
Coffee capsule machine manufacturer Caffitaly has saved one of its coffee pod patents from a finding of invalidity, in a partially successful appeal of a ruling that stripped three of its patents from the Australian register.