Two ex-directors of Chinese construction and engineering firm BCEG who were found to have defrauded the company have succeeded in clawing back a portion of their costs of a partially successful appeal which reduced the amount owing to their former employee by around $12.5 million.
A judge has approved a walk-away settlement with two former directors of RCR Tomlinson in a shareholder class action against the failed engineering company.
Star Entertainment can add new claims to a dispute over renovations at its Sydney casino, despite the fact that the defendant builder may be time barred from deflecting liability onto a subcontractor.
Two former directors of the Australian unit of BCEG have lost their āurgentā bid to vary freezing orders after a judge found they swindled millions from the company to fund their own developments and buy a luxury apartment.
A judge overseeing a class action over AMPās fees for no service practice has dismissed the applicantās bid to access communications between AMP and law firm Clayton Utz that led up to an ostensibly independent report that allegedly went through 25 rounds of edits with the wealth manager’s inhouse lawyers.
A judge has ruled that oil company Inpex can call on a $467 million bank guarantee in its contract battle with Korean shipbuilder Daewoo over the contentious Ichthys LNG project off the coast of Western Australia.
A judge has approved a $52 million settlement is six class actions against car makers for allegedly selling cars fitted with deadly Takata airbags, under which individuals group members will get around $600 after $31.7 million in expenses is deducted.
Bell Potter has defeated a lawsuit by Nicholas Boltonās Keybridge Capital over a 2015 phone call which lasted one minute and 18 seconds in which the investment firm was accused of committing its client to buy $10 million worth of shares in defunct Molopo Energy.
Chinese construction and engineering firm BCEG has won a $12 million lawsuit against two former directors of an Australian subsidiary after they allegedly swindled millions from the company to fund their own developments and buy a luxury apartment.
An appeals court has questioned the financial forecasting that underpinned a $13 million award of damages to a former client of Maddocks in a suit over negligent legal advice that allegedly led to a botched sale and administration.