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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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Funder sells interest in combustible cladding class actions for $20M
Class Actions 2022-05-30 9:36 pm By Christine Caulfield

The litigation funder backing two combustible cladding class actions has sold a third of its investment in the cases to a player in the nascent secondary market for class action financing.

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‘Welfare dependency’ relevant in age pension class action, court told
Class Actions 2022-05-30 1:18 pm By Christine Caulfield

Fighting a class action that claims the age pension discriminates against Indigenous Australians because of differences in life expectancy, the Commonwealth says the rate of welfare dependency among Aboriginal and Torres Strait Islanders could impact the case.

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Ben Roberts-Smith to call last-minute witness over alleged Easter Sunday killing
Trials 2022-05-27 10:32 pm By Sam Matthews

Alleged war criminal Ben Roberts-Smith has won a bid to call a troop commander known as Person 81 in his defamation trial against Fairfax Media, despite the media company’s objections.

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French Bulldog breeder wins defamation case over ‘puppy farm’ Facebook posts
Defamation 2022-05-27 3:01 pm By Sam Matthews

A French Bulldog breeder has won a defamation case over Facebook comments calling her business a ‘puppy farm’.

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In tossing inventor’s IP challenge, Full Court says essential oil a ‘staple commercial product’
Intellectual Property 2022-05-27 10:41 pm By Cindy Cameronne

The Full Federal Court has rejected an Australian inventor’s appeal of a ruling that found three manufacturers of essential oil products did not infringe his patent because the oil was a “staple commercial product”.

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EY settles class action claims over Slater & Gordon audits
Class Actions 2022-05-26 10:49 pm By Cat Fredenburgh

Ernst & Young has settled all claims against it in a shareholder class action alleging the Big Four accounting firm and Pitcher Partners signed off on an overly rosy year-end financial report that failed to disclose risks and impairments associated with the law firm’s disastrous $1.2 billion acquisition of UK insurance claims company Quindell.

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‘This is not a computer game’: Thomson Geer rails against remote witnesses in negligence case
Professional Negligence 2022-05-26 3:50 pm By Sam Matthews

A judge has allowed three witnesses for HK Realway to give evidence by video link at an upcoming negligence trial against Thomson Geer, over protests from the firm, which said it would be inherently unfair.

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Dover Financial, ex-director mull lawsuit against ASIC
Financial Services 2022-05-26 9:33 pm By Cindy Cameronne

Defunct financial advisory firm Dover Financial and its former director have taken ASIC to court seeking discovery as they mull a potential lawsuit against the corporate regulator.

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Twigg family sues Pitcher Partners for $127M
Financial Services 2022-05-25 6:54 pm By Cindy Cameronne

The Twigg family has hit accounting firm Pitcher Partners with a lawsuit claiming it helped Max Twigg, race car driver and former owner of the Byron Bay Hotel, misappropriate $127.8 million in family trust money for himself.

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