Accounting firm Pitcher Partners gave faulty advice ahead of Slater & Gordon’s disastrous $1.2 billion Quindell acquisition that was responsible for $800 million in the businessâ value âdisappearingâ within six months, a court heard on the first day of trial in a long-running class action by the law firm’s shareholders.
The Banksia Securities class action saga will return to the appeals court, with a lawyer indicating he plans to challenge last month’s ruling that found he knowingly assisted in a plot to defraud tens of thousands of investors in the collapsed lender.
A judge has left open the possibility that aggregate damages could be awarded in a class action against US auto giant Ford on behalf of 185,000 vehicle owners over their defective cars.
Corrs Chambers Westgarth has continued its hiring spree, luring a financial services regulatory specialist from Herbert Smith Freehills.
An in-principle settlement has been reached with law firms Arnold Bloch Leibler and Slater & Gordon in a class action over Slater & Gordon’s disastrous $1.2 billion Quindell acquisition.
A court has shut down Facebookâs renewed push to cut off Melbourne-based content strategists Sked Social from posting on Instagram on behalf of its clients, with a judge saying the social media giantâs justification for varying the injunction order was âflimsy and possibly strategicâ.
Construction equipment giant Caterpillar has accused a former employee of flagrantly copying âmany thousandsâ of confidential files before moving to a rival.
A Canberra property developer that misled investors about GST on its apartments does not have to pay compensation to the lead applicant in a class action against it, an appeal court has found.
Last weekâs judgment denouncing the scandalous behaviour of the legal team running the Banksia Securities class action cast a spotlight on the conduct of lawyers for some of the defendants, asking whether âuntenableâ defences were maintained beyond an acceptable point in the case.
The Australian Competition and Consumer Commission is seeking a $90 million penalty against Trivago for the âstartlingly misleadingâ ranking system used on its travel price comparison website.