A judge has removed the funder and law firm leading the Banksia Securities class action from their roles supervising a proposed settlement distribution scheme after the funder was accused of intimidation, a lack of experience and charging excessive costs.
Pitcher Partners has been ordered to hand over information about its professional indemnity insurance in two shareholder class actions over its role as Slater & Gordon’s auditor.
The parties in two shareholder class actions brought against online fashion retailer Surfstitch will make one âlast, final attemptâ to resolve the proceedings in mediation after a proposed settlement was thwarted by a judge last year, a court heard Friday.
US investment manager State Street Global Advisors claims it lost out on royalties when Maurice Blackburn commissioned an allegedly infringing replica of its iconic Fearless Girl statue in New York City, a marketing phenomenon that has been estimated to be valued at up to $38.6 million.
Insolvency firm Kordamentha has filed proceedings against ten former directors of the Arrium Group, accusing them of breaching of their duties to prevent insolvent trading after the steel giant collapsed with almost $4 billion in debt.
Lawyers for IOOF chief financial officer David Coulter have dismissed APRAâs allegations that he breached his superannuation duties as commercially ânaĂŻveâ, âabsolutely desperateâ and a “most egregious exampleâ of impulsive regulatory enforcement action.
The former directors of troubled fund manager IOOF have slammed APRA for bringing a âtruly hopelessâ disqualification case against them, telling a court the prudential regulatorâs âStalinistâ approach was deterring âgood people and good companiesâ from participating in the superannuation industry.
APRA has been accused of harbouring an âunhinged hatredâ for former IOOF managing director Chris Kelaher by his counsel, who was objecting to internal APRA documents he claims were disparaging of the wealth management company and its executives.
A judge has refused to grant an injunction stopping the appointment of receivers to Australian cloud-based superannuation fund manager SMSF Squirrel Ltd, describing the companyâs financial position as âprecariousâ and likely to worsen beyond its current liabilities of $7.8 million.
A former Commonwealth Bank executive facing criminal commercial bribery charges has been ordered to hand over a number of documents in a US lawsuit brought by IT company Computer Sciences Corporation, but has avoided orders compelling him to take the witness stand.