Ernst & Young

A former EY partner accused of pocketing $700,000 in secret commissions as part of a tax loss scheme has invoked privilege against exposure to penalty in a client’s suit.

If it takes up the Federal Court’s ruling in favour of solicitors seeking to earn a cut from a class action, the High Court will be asked to overrule its 2019 decision against common fund orders.

A former EY partner who was ousted after the tax office claimed he had promoted a $700,000 tax exploitation scheme has argued he is entitled to claim privilege over communications with the accounting firm’s general counsel and an external barrister, despite EY having waived it. 

The High Court has been asked to overturn a Full Court decision finding lawyers can take a cut from a class action settlement under a solicitors’ common fund order and to finally settle the question of whether the court has the power to issue common fund orders at all.

A former Ernst & Young partner accused of promoting tax exploitation schemes wants to strike out portions of the ATO’s case, but the tax office argues he has threatened the application since last year and is preoccupied with a satellite fight to keep his name out of the media.

A former Ernst & Young partner has claimed privilege against exposure to penalty and is seeking orders to avoid filing a defence in proceedings by the Australian Taxation Office alleging he promoted tax exploitation schemes.

A client of EY has sued a former partner at the firm, accusing them of collecting $700,000 in secret payments as part of a tax loss scheme.

Hall & Wilcox has recruited a mergers and acquisitions lawyer with cross-border expertise from EY to bolster its corporate practice in Sydney. 

A former lead partner in cybersecurity has sued Ernst & Young for expelling him after he was accused of threatening employees and mistreating female staff, saying the firm “ambushed” him and subjected him to “excessive” punishment. 

Defunct investment firm Blue Sky has denied a class action’s claims that it misled shareholders ahead of its 2019 collapse and has pointed the finger at auditor EY.