A Federal Court judge has ruled he has jurisdication to hear a case brought by a group of investors against a unit of Credit Suisse over complex derivative products known as MINI warrants, despite the bank’s argument that the claims allege breach of contract under common law, not federal law.
Maurice Blackburn has partly prevailed in an appeal of a judge’s decision to put the brakes on its shareholder class action against BHP while greenlighting a competing case brought by Phi Finney McDonald, with an appeals court ordering the rival law firms to negotiate a deal to consolidate their litigation.
Oil company PTTEP has objected to Indonesian seaweed farmers using the word âoilâ in their evidence in the Montarra oil spill class action, arguing they are not qualified to identify oil.
The liquidators of Gold Coast fund manager Equititrust are seeking court approval of a confidential settlement of two proceedings brought against KPMG for allegedly failing to properly audit the firm prior to its collapse.
The court has ordered Australia’s biggest internet service providers to block seven websites from “ripping” audio files from music videos on YouTube, in what the judge described as “industrial scale copyright infringement”.
A judge has questioned whether he should approve the $3 million legal bill in the settled Discovery Metals shareholder class action against KPMG, amid concerns the plaintiff’s lawyers, Piper Alderman, breached legal profession regulations by failing to update their estimated costs.
Maurice Blackburn’s funding model rejected by a judge overseeing a beauty parade of class actions against BHP appeared structured to incentivise the firm to push up its legal fees, an appeals court said Monday on the first day of a high stakes hearing challenging a decision to shut down two of three competing cases against the mining giant.
La Trobe University has reached a settlement with the head of its law school, Dr Patrick Keyzer, to resolve legal action alleging it breached its workplace obligations when it suspended him over bullying complaints. The university dropped its disciplinary proceedings against Keyzer, with no adverse findings being made.
The National Australia Bank has filed a lawsuit against its Singapore-based captive insurance unit and three syndicates of global insurance giant Lloyd’s seeking coverage for two consumer redress schemes related to the bank’s sale of interest rate hedging products and fixed rate tailored business loans.
A judge has found a senior female partner at Piper Alderman has not provided sufficient evidence that the firm moved to oust her from its ranks because she is a woman, in a ruling dismissing her bid for an order halting the firm from moving forward with a meeting on the proposed expulsion.