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Over-the-counter derivative issuers AGM Markets, OT Markets and Oxifin Tech have been ordered to pay a total of $75 million in penalties after a ruling that they engaged in unconscionable conduct causing losses of over $30 million to unsophisticated investors seeking what a judge called "financial heroin hits".
The chief judge of the Federal Court has told Chubb Insurance to consider whether it wants to be held responsible for the commercial viability of Evolution Precast Systems, which has been denied coverage over the ill-fated Opal Tower and faces myriad legal claims.
The Daily Mail's concerted campaign against Erin Molan was a set-up that damaged her reputation and sparked a public "firestorm" against the Nine sports reporter, the Federal Court has heard.
The litigation funder embroiled in a contractual dispute with a lead applicant in a class action against S&P Global is a stranger to the proceeding and has no right to demand to be served an application to pause the case pending the outcome of the contract spat, a judge has said.
A judge has agreed to consolidate two shareholder class actions against Treasury Wine Estates over an earnings downgrade in January and will let two law firms jointly run the case, over the winemaker's objections.
Lawyer Alex Elliott can't refuse to hand over evidence in the Banksia class action on the grounds of privilege against self incrimination or exposure to penalty because he waived privilege when he produced the documents to lawyers for his late father's funder, a court has been told.
Pharmaceutical rivals Merck Sharp & Dohme and Pfizer have both suffered a blow in their efforts to patent a better pneumococcal vaccine, with a judge upholding both infringement and invalidity claims in the long-running case over the blockbuster Prevnar 13 vaccine.
The judge overseeing a class action against Westpac over superannuation fees has criticised costly discovery processes that produce a "tsunami of material", most of which is never used at trial.
Qantas Airways will challenge a court's finding that it incorrectly applied the JobKeeper scheme and underpaid its staff.
A judge has refused an application by the Federal Government to appeal the expansion of the Robodebt class action pleadings despite finding the case was "troubling", "weak" and in certain aspects "[made] no sense whatsoever".