Most Recent
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.
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.
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.
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.
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.
Two shareholders of failed Arrium Group have secured leave from the High Court to challenge a ruling that nixed their planned examination of a former director to bolster a class action over the collapse of the steel producer.
Law firm Piper Alderman has filed a lawsuit seeking payment of an alleged debt against a former senior partner who accused the firm of sex discrimination.
The Insurance Council of Australia has asked the High Court to weigh in on its case against COVID-19 related claims in business interruption policies, following its high stakes loss in a ruling last month that found an infectious disease exclusion did not apply.
Insurers will face a flood of pandemic-related claims after an appeals court ruled in a test case brought by the Insurance Council that certain infectious disease exclusions in business interruption cover do not apply to coronavirus-related claims.
Two more law firms have been joined to a lawsuit by defunct financial advisor Dover Financial accusing three law firms of providing negligent advice regarding an inaptly titled client protection policy which a judge found was "highly misleading" and "an exercise in Orwellian doublespeak".