The Australian liquidator of Lehman Brothers has filed a lawsuit seeking $40 million from Fitch Ratings for assigning too-rosy ratings to toxic financial products sold by the bank, following the discovery of a hidden table in Fitch’s rating model by the lawyers leading a now-settled class action against the accounting firm.
The judge overseeing the settlement approval process in multiple class actions against Volkswagen over the diesel emissions scandal has criticised an application for a common fund order by the funder backing two Bannister Law-led lawsuits.
A former general manager who is suing law firm Atanaskovic Hartnell for alleged bullying and faces cross claims that she failed to satisfactorily perform her job was offered a part-time role with the firm after resigning, despite being “grossly negligent”, a court has heard.
The head of Australia’s largest unlisted insurance broker, Coverforce, may face a future damages claim for misleading or deceptive conduct if a recent acquisition of former Suncorp unit Resilium is not reversed, a court has found.
The NSW Supreme Court has approved a settlement in Australia’s first privacy class action, which was brought against the NSW government over a data breach by a contractor who sold private details of 130 ambulance workers to personal injury law firms, including Bannister Law.
A judge has signed off on a $16.5 million settlement of a shareholder class action against collapsed engineering and construction company Forge Group.
AUSTRAC’s lawsuit against Westpac over 23 million alleged breaches of money laundering and counter-terrorism laws is racing towards a possible February penalty hearing, with the bank largely in agreement with the regulator on its liability.
Engineering firm GR Engineering Services has lost a negligence lawsuit brought against law firm Squire Patton Boggs seeking damages from an alleged breach of contract relating to the $12.5 million refurbishment of a gold processing plant in Davyhurst, Western Australia.
An appeals court has thrown out the Democratic Republic of East Timor’s second bid to stay a case brought against it by Lighthouse Corporation over $328 million in alleged losses stemming from a failed fuel supply contract.
A former senior Piper Alderman partner who lodged a sex discrimination case against the firm and was forced off the partnership in June is broadening her case, a court has heard.