A judge overseeing a security dispute in a shareholder class action against KPMG and former directors of Arrium has found that potential profits to the plaintiff law firm running the case under a group costs order is not relevant to determining the quantum of security for costs.
Japanese oil company Inpex has lost its bid for a split trial in a dispute with insurers AIG Australia and Mitsui Sumitomo over coverage for litigation related to defects at the $45 billion Ichthys liquified natural gas project in the Northern Territory.
A class action against KPMG and nine former Gunns Plantations directors over the failure of six managed investment schemes for eucalyptus wood in Tasmania has settled for a confidential amount, with a judge poised to approve the deal.
The Australian Securities and Investments Commission has brought its first-ever case alleging breach of whistleblower protections against coal producer TerraCom, claiming it made misleading statements to the market that damaged a whistleblowerâs reputation.
Spanish infrastructure giant Acciona has been sued by the entity in charge of a $511 million waste-to-energy plant south of Perth, which says it was unlawfully shut out of the project site after âcommercial issuesâ arose between them.
A judge has approved a $192.5 million settlement in an oil spill class action on behalf of Indonesian seaweed farmers, but the slice for the law firm running the action and its litigation funder remains to be determined amid allegations of negligence by the former lead applicant in the case.
Herbert Smith Freehills has launched an international arbitration hub in Melbourne to service the firm’s clients along the Asia-Australia corridor.
Dam services provider Sunwater has asked the High Court to take its side in a dispute over insurance coverage for a $440 million class action settlement with victims of the 2010-2011 floods in Queensland.
Insurer Bond & Credit Company has lost its appeal of a decision ordering it to indemnify an Australian non-bank lender that provided $8 million in trade finance to companies in Phoenix Group shortly before its collapse.
A case brought by a shareholder advocacy group accusing Santos of misleading the market by âgreenwashingâ its environmental credentials will centre on the meaning of the word âcleanâ, a court has heard.