Weeks after giving the thumbs up to common fund orders at settlement, the Full Federal Court has been asked to decide whether judges have power to order payment of a commission to class action solicitors — not just funders.
Ernst & Young has won a temporary stay of a lawsuit by Billabong founder Gordon Merchant alleging the firm gave negligent advice on how to structure the 2015 sale of bio plastics manufacturer Plantic Technologies.
Warning that board directors need to “up the ante” in their company’s cyber preparedness, Clayton Utz has appointed a Big Four partner to lead the firm’s strengthened cyber and data governance practice.
The practitioner accused in court of promoting tax exploitation schemes to clients was a former partner at EY who was terminated last year after allegedly disclosing $700,000 in unauthorised benefits, the consulting giant has confirmed.
Ernst & Young has been hit with a discrimination suit by a former Asia Pacific director, who alleges she was fired after making complaints of bullying, harassment and discrimination.
A Blue Sky director has pointed the finger at auditor Ernst & Young in a class action alleging the collapsed investment firm misled shareholders by misstating its assets under management.
Senior EY partners have condemned PwC and attempted to distance the firm from the scandal that has rocked the industry, but its cleanskin claims were met with scepticism by senators, who questioned the failure to provide EY’s partnership deed and remuneration details.
A court has blessed a trust’s settlement with Ernst & Young that resolves a negligence case linked to a decade-long tax dispute that went to the High Court, rejecting an objection to the deal and saying it was “time this matter was brought to a conclusion”.
A law firm is probing a shareholder class action against former ASX-listed Salt Lake Potash and auditor EY, alleging the company failed to disclose material information about its financial position before entering receivership in late 2021.
In reasons for approving a $41 million deal to settle one of three shareholder class actions over Slater & Gordon’s acquisition of a UK firm and awarding the funder 28 per cent, a judge has challenged a persistent notion that the interests of litigation funders and group members are at odds.