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Defendants rail against pleadings in 5-year-old Lane Cove Tunnel dispute
Construction 2022-06-30 9:37 pm By Sam Matthews

A judge has indicated he will allow the operator of Sydney’s Lane Cove Tunnel to amend its pleadings in a lawsuit against Thiess, John Holland and CIMIC over alleged defects in the construction of the billion-dollar tunnel.

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Pitcher Partners wants $127M Twigg family lawsuit heard in Victoria
Financial Services 2022-06-03 4:54 pm By Cindy Cameronne

Pitcher Partners has filed a bid to transfer a $127 million lawsuit brought by the Twigg family alleging the accounting firm helped Max Twigg misappropriate $127.8 million in family trust money for himself.

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Ex-Dick Smith CEO should be liable for approving $28.5M in dividends, appeals court told
Restructuring & Insolvency 2022-05-30 9:30 pm By Cindy Cameronne

The former CEO of failed electronics retailer Dick Smith should be held responsible for approving two dividend payments worth $28.5 million which the company could not afford to pay given it owed millions in unpaid bank loans and supplier debts, an appeals court has heard. 

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Judge says unnamed funder has to provide security in Westconnex class action
Class Actions 2022-05-16 3:18 pm By Cindy Cameronne

A judge has ordered an unnamed funder to give $415,000 in security for the NSW government’s legal costs in a class action alleging it fraudulently acquired land for the construction of the WestConnex tunnel and caused loss and damage to 3,000 land holders.

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Max Twigg can’t escape ruling he made off with family fortune
Appeals 2022-05-04 9:13 pm By Sam Matthews

Max Twigg, race car driver and former owner of the famous Byron Bay Hotel, has lost an appeal of a judge’s finding that he misappropriated around $100 million in family trust money and took steps to conceal the transfer of funds from his mother.

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Law firms earned $68M for defending lawsuits over collapse of Dick Smith
Restructuring & Insolvency 2022-02-11 11:15 pm By Christine Caulfield

The law firms and barristers who defended former Dick Smith directors in sprawling litigation over the failure of the electronics retailer earned close to $68 million in fees, a court has heard.

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Arrium lenders hit with extra costs after rejecting $10M settlement offers
Restructuring & Insolvency 2022-01-07 11:27 am By Bianca Hrovat

A group of banks that failed to prove steel giant Arrium falsified representations on loan drawdown notices ahead of its $2.8 billion collapse have been ordered to pay indemnity costs after a court found they rejected $10 million settlement offers three days into the trial.

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IP holding company in dispute with Apple wins case over biosecurity patents
Intellectual Property 2021-12-17 3:30 pm By Cindy Cameronne

A patent holding company has won its legal dispute with a rival over biometric security patents the subject of an infringement case against Apple.

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NAB, HSBC should pay for Dick Smith receivers’ court loss, judge hears
Restructuring & Insolvency 2021-12-15 6:15 pm By Miklos Bolza

National Australia Bank and HSBC should be “jointly and severally liable” to pay a portion of the costs of a failed case brought by Dick Smith’s receivers against the company’s former directors because the banks stood to gain financially if the lawsuit was successful, the NSW Supreme Court has heard.

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Opal Tower engineer wins bid to probe scope of insurers indemnity of Icon
Class Actions 2021-12-02 4:54 pm By Miklos Bolza

The structural engineer behind Sydney’s ill-fated Opal Tower can examine whether builder Icon Co has been indemnified for $31 million worth of damage which occurred in the 36-storey apartment block on Christmas Eve of 2018, a court has found.

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