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Top JPMorgan execs to face stand before trial after late ACCC disclosure
JPMorgan bigwigs who are key witnesses for the prosecution in its cartel case over ANZ’s botched share placement in 2015 will be questioned by Citibank and Deutsche ahead of trial.
‘Dictates of conscience’ do not override need for COVID-19 vaccine, court says
A court has struck down the third wave of challenges to the New South Wales public health orders mandating COVID-19 vaccinations for health workers, ruling the "dictates" of a person’s conscience do not relieve them of compliance with the orders.
CBA can’t throw out ‘cuckoo-smurfing’ lawsuit
The Commonwealth Bank of Australia has failed in its bid to dismiss a case brought by customers who claim they were the victims of "cuckoo-smurfing" and had funds seized as proceeds of crime because the bank breached its anti-money laundering obligations.
Pitcher Partners, EY audit blamed for $800M drop in value of Slater & Gordon’s acquired business
Accounting firm Pitcher Partners gave faulty advice ahead of Slater & Gordon's disastrous $1.2 billion Quindell acquisition that was responsible for $800 million in the business’ value “disappearing” within six months, a court heard on the first day of trial in a long-running class action by the law firm's shareholders.
Sparke Helmore partner engaged in ‘blatant cover-up’ to hide oversight, trial told
The Sparke Helmore partner at the centre of a $1 million professional negligence lawsuit attempted to conceal an “oversight of enormous proportions” that is said to have lost a property developer two lucrative contracts, a court has heard.
Court blocks short seller from releasing Vulcan Energy report
Lithium producer Vulcan Energy has won a court injunction blocking Beijing-based short seller J Capital from releasing a critical report on the Perth-based company for one week.
Lawyer takes Banksia class action ruling to appeals court
The Banksia Securities class action saga will return to the appeals court, with a lawyer indicating he plans to challenge last month's ruling that found he knowingly assisted in a plot to defraud tens of thousands of investors in the collapsed lender.
Top judge did ‘unexplained violence’ to Star’s business interruption policy, Full Court told
In rejecting a bid by The Star Entertainment Group to recoup losses stemming from the COVID-19 pandemic, the Federal Court's Chief Justice did "real and unexplained violence" to the construction of a business interruption policy the casino giant had taken out with Chubb, the Full Court has heard.
Developer relied on Sparke Helmore lawyer to read fine print, trial told
The former director of a central Queensland construction company relied on his Sparke Helmore solicitor to read over contracts for sale for him, a court has heard in a trial over allegations the law firm’s negligence led to a loss of more than $1 million.
$35M settlement in NT youth detention class action a ‘discount’, court hears
The Northern Territory’s agreement to pay $35 million to settle a class action on behalf of 1,200 young people who allegedly suffered human rights abuses while in detention was a “discount” on the claimed value of compensation owed, a court has heard.