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A class action over the collapse of asset manager Blue Sky has been ordered to pay $630,000 in security for the costs incurred by the respondents in defending against the claims of insider trading.
A judge has given the green light to a $7.55 million settlement in a class action against the University of Newcastle over an unaccredited engineering degree.
Private resources company Mayfair Australia Corporation faces oppression litigation alleging two shareholders were removed from the company share registry without their consent.
A court has slapped an injunction on Ryzon Materials to restrain it from a proposed capital reduction, citing concerns it could allow the company to avoid a potential penalty in a case by the corporate regulator.
A law firm has urged a judge to sign off on a record $37.5 million group costs order in a class action over Victoria’s hotel quarantine debacle that settled for $125 million, saying it spent more than expected in running the case.
Construction PRO
Developer Villawood can share documents produced in litigation against its former director with federal police, after persuading a judge the public interest in investigating possible crimes outweighed the interest in confidentiality.
Construction PRO
A court has dismissed a case by a demolition company over the collapse of Sydney Entertainment Centre's roof, which sought coverage under an insurance policy held by the since deregistered contractor that hired it.
A court has approved an application by liquidators of Keystone Asset Management to make an interim distribution of $100 million to investors in the failed Shield Master Fund.
Property investor Payton Capital has largely defeated a former state manager's case, with a court finding his disclosures about two investments were not a substantial or operative factor behind his dismissal.
Lawyers have welcomed a judge's orders that AI be used in class actions to improve efficiency, but warned it could remove opportunities for junior solicitors to hone necessary skills.