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The funder of a class action by financial advisers against AMP is seeking a $28.5 million profit from a $100 million settlement, a hefty payout that has prompted the appointment of a contradictor but may survive the scrutiny in light of a recent appeals court decision.
International fugitive Jean Nassif, who headed troubled property developer Toplace, has lost his bid to reinstate defamation proceedings against Harbour Radio and 2GB host Ray Hadley, with a judge saying there was no evidence he would return to Australia to prosecute the case.
Investment firm London City Equities is seeking to have fellow publicly traded firm Excelsior wound up for alleged shareholder oppression over its decision to sell off a subsidiary for $101 million and not distribute the proceeds.
Convenience chain 7-Eleven has defeated Seven Network's challenge to its bid to trade mark '7-Select' for a new brand of products targeting younger shoppers, with an IP Australia delegate finding consumer confusion was not likely.
A court has found Qoin cryptocurrency issuer BPS Financial made false and misleading claims about its product, in a win for the corporate regulator and a likely boost for a class action against the Gold Coast-based digital currency company.
A judge has granted the Victorian government’s bid to dismiss a class action over its decision to retire Melbourne’s high-rise public housing towers, but allowed the applicant to recast his claim, despite protests from the state.
The Full Federal Court has found the court's recently-affirmed power to make common fund orders at settlement means the litigation funder that backed two class actions against 7-Eleven is entitled to a $24.5 million cut from a $98 million settlement, in a decision that slammed the parties for a settlement approval process that "went off the rails", costing group members $2.5 million.
PricewaterhouseCoopers has struck back at claims in a Fair Work suit brought by a graduate associate, denying liability for the alleged sexual harassment by the woman’s manager at multiple Sydney bars.
Casino gaming giant Aristocrat may sue competitor Light & Wonder and two former employees who jumped ship for allegedly misusing confidential information about its popular Lightning Link and Dragon Link games to develop a competing product.
Bruce Lehrmann has been given extra time to file any appeal of a ruling he raped colleague Brittany Higgins but in the meantime the former political staffer must hand over information on who funded his defamation case against Network Ten, which is likely to see him on the hook for millions of dollars in costs.