A judge has ruled that a litigation funder for an investor class action against Virgin must give the airline an indemnity to bring proceedings despite finding a deed of company arrangement requiring the pay-out ādidnāt make senseā.
The operator of Perth Airport has sued government-owned Airservices Australia for allegedly contaminating the airportās groundwater, which flows into the Swan River, through the use of toxic firefighting foam.
Fuji Xerox and Ernst & Young have settled a lawsuit over $450 million in alleged accounting irregularities that also ensnared an EY partner and two senior Fuji executives.
Despite noting that a class action trial and appeal were “unusual”, a judge overseeing a long-running class action against Ford has refused an application to send a notice to group members about a coming appeal in the case.
Google has agreed to pay a $60 million penalty in proceedings brought by the Australian Competition and Consumer Commission alleging the tech giant misled users about the collection and use of their location data.
Dozens of provisions in Fujifilm’s contracts with thousands of small businesses are unfair and unenforceable, a court declared Friday in a case against the office supply company by the Australian Competition and Consumer Commission.
A shareholder class action against Ernst & Young over its alleged inflation of assets owned by sandalwood producer Quintis has argued the accounting firm should be allowed only one expert witness, who should collaborate with a competing expert chosen by the investors.
Two former executives at Fuji Xerox’s Australian unit have settled a lawsuit over their roles in a $450 million accounting scandal that has also ensnared auditor Ernst & Young.
Virgin Airlines has argued a litigation funderās indemnity for its legal costs is not enough for it to bring a class action on behalf of bond holders over a 2019 prospectus, claiming the airline expects to spend more than $5 million defending the proceedings.
A judge has blessed Ernst & Youngās settlement with shareholders in a class action alleging the firm, along with Pitcher Partners, approved an overly rosy year-end financial report related to Slater & Gordon’s disastrous $1.2 billion acquisition of UK business Quindell.