A judge has ordered legal tech entrepreneur Karl Redenbach’s company to foot the legal bill of his brother and nSynergy co-founder, Keith Redenbach, after a court gave the green light to a derivative suit alleging Karl diverted tens of millions of dollars in nSynergy’s assets, including software company LiveTiles.
The litigation funder underwriting a class action over the collapse of Banksia Securities lost its bid Thursday to block a group member from challenging a $64 million settlement in the case.
E-retailer Catch Group has sued competitor Kogan, saying the online retailer is violating its “catch” trademarks and the consumer law through sponsored links on Google driven by phrases using the word “catch”.
The founder of Microsoft solutions provider nSynergy has been given the greenlight to bring a derivative suit against his brother and co-founder Karl Redenbach, alleging Redenbach diverted tens of millions of dollars in nSynergy’s assets — including software company LiveTiles.
A judge on Wednesday refused a bid by Australian mortgage aggregator Connective Group to put on hold a derivative lawsuit by a shareholder against the company’s bigwigs over the sale of 25 percent of the business to Macquarie Bank, saying there were no special circumstances justifying a stay.
Members of a class action against Slater and Gordon have until Tuesday to make their case against the $36.5 million settlement hammered out by Maurice Blackburn’s lawyers.