A shareholder class action against Vocation that has spanned five years and spawned multiple cross claims against the failed training company’s auditor, law firm and individual directors, has reached an in-principle settlement.
Lawyer John Atanaskovic, the founded of Sydney firm Atanaskovic Hartnell, could come across as “rude” but he was other times a “model of civility and subordinance”, former equity partner Tony Hartnell has told a court during trial in a case by a former general manager alleging bullying and breach of contract.
Insurers of sandalwood producer Quintis have told a court that a rectification suit brought by the applicants in two class actions seeking to increase D&O coverage by $40 million, “makes no sense”.
Describing as “preposterous” the prospect of running a six-week trial in a class action against Crown Resorts from her kitchen table with three children at home, the Melbourne-based barrister for the lead applicant is again urging the Federal Court to declare the case a priority matter.
Eyewear retailer Oscar Wylee has been fined $3.5 million for its misleading ‘Buy a pair, Give a pair’ promotion, with a judge calling the representations “brazen” and “plainly deceitful”.
A maritime development company has had its discovery hopes dashed in its stayed competition lawsuit against NSW Ports, with a judge finding that the company would not suffer any injustice in waiting until the stay is lifted after a similar case brought by the competition regulator is heard.
AĀ judge has ordered 17 companies connected to Mayfair’s “failed” IPO Wealth Fund to be wound up after finding the fund’s director put investor money at risk through “highly speculative” investments to make a windfall for himself.
Three former Macquarie Bank financial advisors who claim the bank underpaid them have successfully appealed a decision ordering them to hand over personal tax assessments, with an appeals court finding that the most the bank could make of the documents was to āinflict a degree of embarrassmentā on its ex-employees.
A former general manager suing law firm Atanaskovic Hartnell has amended her pleadings as trial in her case resumes Friday, expanding her claims and including details of an email in which the firm’s managing partner allegedly slammed her practice of billing clients on a “menstrual based cycle”.
Companies associated with Mayfair’s IPO Wealth Fund should be wound up because they contained assets “artificially inflated” in value and ran what was effectively a Ponzi scheme, the Victoria Supreme Court has heard.