Cornwalls

Cornwalls has denied claims by a former client that it acted negligently and caused it to enter receivership, resulting in $4.8 million in losses. 

Wealth manager Escada Partners has lost its lawsuit against two former partners who defected to rival LGT Crestone, with a judge finding a five-year non-compete clause was unreasonable.

Wealth manager Escala Partners has failed in its bid to restrain two senior financial advisors who defected to rival Crestone from working in wealth management and soliciting its clients.

A group of former Jewish and Israeli students at Brighton Secondary College have won hundreds of thousands of dollars in compensation and an apology from the Victorian government after a judge found the school principal failed to address racially-charged bullying and hundreds of cases of swastika graffiti.

A clash between a class action applicant and a litigation funder over $1.2 million in claimed expenses has settled, after a judge ordered the sides to personally attend mediation.

A judge has ordered a litigation funder and the lead applicant in a settled class action to personally mediate a stoush over expenses, saying he doubted the applicant’s $1.2 million claim and said the court is “not a place for their sport”.

A group of Jewish and Israeli former students who have accused a Victorian high school of allowing racially-charged bullying have defeated a bid by the state government to adjourn evidence at trial after its silk was diagnosed with COVID-19. 

Aussie group fitness chain Body Fit Training Company has been hit with a $3.2 million lawsuit for allegedly breaching an equipment supply agreement and diverting supplier Gym Imports’ rights as part of the $64.2 million sale of its business to US-based Xponential Fitness last year.

A litigation funder facing a lawsuit by the lead applicant in a settled class action it financed has won its bid to transfer the case to the Federal Court, where the class action was heard, after a judge said it was the “natural forum” for the dispute.

The litigation funder facing a lawsuit by the applicant in a class action it financed is demanding security for legal costs because it says the applicant — which is being chased by a law firm for more than $300,000 in fees — may not be good for the money.