The Australian Securities and Investments Commission has dropped its investigation into trading firm Select Vantage, which brought an unsuccessful $10 million defamation suit against the regulator.
A Victoria Supreme Court judge has given the greenlight to a $5.7 million settlement in a class action brought by those injured during a 2016 stampede at the Falls Music and Arts Festival.
An independent costs consultant has raised concerns about the legal costs sought by Maddens Lawyers from a $5.7 million settlement of the Falls Festival class action after the senior barrister leading the case delayed signing off on his rates with the law firm for a year.
Plaintiffs law firm Slater and Gordan has been hit with a lawsuit accusing it of giving negligence advice to a victim of notorious paedophile priest Michael Glennon.
Maddens has once again been criticised for its non-compliant costs agreements, three months after receiving similar feedback from a Victoria Supreme Court judge overseeing the firm’s bushfire class actions.
A judge has signed off on a $2 million payout for Maddens Lawyers in a class action against electricity provider Powercor over a 2018 St Patrick’s Day bushfire in Victoria that settled last year for $17.5 million, despite finding that the law firm’s cost agreement with group members was void.
ASIC has successfully defended a $10 million defamation case brought by a Canadian trader, with a judge finding any loss experienced was due to his firm’s traders manipulating the market.