Insurer Bond & Credit Company is seeking to join Greensill Group to three lawsuits over the financing firm’s $1.7 billion collapse in March 2020, while Greensill has foreshadowed its own cross-claims against Insurance Australia Group.
Insurers will file de-classing applications in four class actions on behalf of small businesses seeking coverage under business interruption policies for losses flowing from COVID-19 restrictions after their test cases largely failed.
Hillsong Church has denied whistleblower allegations of extensive financial misconduct, claiming an employee was “not correct” to accuse the megachurch of funnelling donations through US bank accounts to skirt Australian charity regulations.
A judge has ordered Hillsong to file its defence to a lawsuit alleging extensive financial misconduct by the megachurch, including that it funnelled donations through US bank accounts to skirt Australian charity regulations.
A COVID-19 outbreak aboard the Ruby Princess that left 28 people dead was “something that was very likely to happen” and the cruise should never have sailed, a court heard as a class action trial against Carnival PLC kicked off.
A class action against cruise operator Carnival PLC over the 2020 COVID-19 outbreak aboard the Ruby Princess will ask the High Court to hear a challenge to a decision that found a class action waiver for foreign passengers was not unfair.
The Full Federal Court has thrown out a decision that found foreign passengers could join a class action against cruise operator Carnival PLC over the 2020 COVID-19 outbreak aboard the Ruby Princess, finding a class action waiver was not unfair.
Fired underwriter Greg Brereton has been granted an extension to respond to lawsuits targeting Insurance Australia Group over trade credit policies covering $4.6 billion in loans issued by collapsed Greensill Capital.
A judge has allowed four ex-Linchpin directors facing possible fines by ASIC to put off filing evidence or amended defences in an investor class action after they claimed it would put them at risk of penalty in the corporate regulator’s proceedings.
Law firm Moray & Agnew has reached an agreement with insurer Arch Underwriting in its case seeking coverage of part of a $3.7 million settlement with Melbourne property developer Harry Stamoulis.