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Law firm settles former partner’s sex discrimination case on day of trial
Business of Law 2021-04-19 4:03 pm By Christine Caulfield

Law firm Hicksons Lawyers has reached a last-minute settlement to resolve sex discrimination claims brought by a female former partner who claims she was denied a promotion to equity partner because of her gender.

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Forge directors fail to explain need for multiple law firms in liquidators’ case, judge says
Banton Group 2021-04-14 2:15 pm By Miklos Bolza

A judge has slashed security for costs sought in a case brought by the liquidators of engineering and construction company Forge Group after the former directors targeted in the action failed to explain why they had retained multiple law firms.

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Builder not on the hook for $12M in damages for Lacrosse building fire, appeals court says
Construction 2021-03-29 3:58 pm By Cindy Cameronne

An appeals court has found that building company LU Simon should not pay $12 million in damages for a 2014 fire which broke out in Melbourne’s Lacrosse tower and was accelerated by Alucobest cladding panels since the company had relied on consultantsā€™ advice in choosing the cladding material.

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Insurer sued for denying COVID-19 lockdown loss claim
Insurance 2021-03-23 12:36 pm By Cindy Cameronne

A small business owner has launched proceedings against his insurer claiming he was wrongly denied pandemic coverage under a business interruption policy, one of many cases expected to be filed in the wake a landmark ruling on infectious disease exclusions that could cost insurers $10 billion.

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Novel argument doesn’t save Gladstone Ports class action from costs, court says
Class Actions 2021-03-22 8:59 pm By Christine Caulfield

A judge has ruled the plaintiffs in the Gladstone Ports class action cannot reserve the legal costs of an application to avoid disclosure of expert reports, despite finding they had raised a novel issue.

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Court won’t save Greensill from ‘catastrophic’ expiry of $4.6B insurance policy
Insurance 2021-03-02 11:27 pm By Christine Caulfield

Embattled financial services firm Greensill Capital has lost an emergency bid for a temporary mandatory injunction that would have forced its insurer to renew trade credit policies covering $4.6 billion in client loans as it fights to avoid collapse.

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Court to hear another COVID-19 business interruption test case
Insurance 2021-02-24 10:00 pm By Cat Fredenburgh

A group representing insurers has filed another test case over pandemic coverage in business interruption policies, following a landmark loss in a test case concerning an infectious disease exclusion that could cost insurers $10 billion.

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‘I’m not having vague excuses about COVID in the UK’: Judge slams ex-Linchpin director
Financial Services 2021-02-18 6:54 pm By Spencer Fowler Steen

A judge will not let proceedings brought by ASIC against four former Linchpin Capital directors drag on, slamming a “vague” excuse from one of the directors, who awaits word from his insurers on whether his defence costs will be covered, that London is still in a state of “total confusion” due to COVID-19.

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Count Financial can’t join insurer to $15.3M lawsuit against ex-financial advisor
Insurance 2021-02-18 11:41 am By Spencer Fowler Steen

Count Financial has failed in its bid to put a former financial advisor’s insurers on the hook for a $15.3 million lawsuit brought by his former clients, as the accounting services company seeks to claw back its losses allegedly resulting from the advisor’s breaches of his duty of care and skill.

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Privilege doesn’t apply to loss report for mediation in Gladstone class action
Class Actions 2021-02-12 2:44 pm By Miklos Bolza

The lead applicants in a $100 million class action against Gladstone Ports Corporation have lost their bid to shield an expert loss report from being revealed in an upcoming mediation.

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