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Gilbert + Tobin managing partner to step down after 30 years ‘in the trenches’
Gilbert + Tobin co-founder Danny Gilbert will step down from his role as managing partner of the law firm, saying it was time to open up the leadership to the next generation.
Court appoints contradictor in class action funder’s challenge to MIS rules
The Full Federal Court has appointed a contradictor to "take up the cudgels" against funder Litigation Capital Management, which has challenged a judgment refusing to find that a class action filed against Queensland electricity operators was not a managed investment scheme.
High Court to weigh in on patentability of computer-implemented inventions
The High Court has decided to weigh in on whether computer-implemented inventions are eligible for patent protection, granting special leave to Aristocrat Technologies to challenge a judgment that shot down four patents for its popular Lightning Link electronic poker machine.
Careers Australia liquidator can pursue overseas directors on evidence of insolvent trading
The liquidator of collapsed vocational education provider Careers Australia can serve its lawsuit on two of the company’s former directors now living overseas, after a judge found a prima facie case of insolvent trading and breaches of directors duties had been made out.
Greensill insurer BCC, sacked manager dragged into cases against IAG
Tokio Marine subsidiary Bond & Credit Company and fired underwriter Greg Brereton have been pulled into lawsuits targeting Insurance Australia Group over trade credit policies covering $4.6 billion in loans issued by the now collapsed Greensill Capital.
Viterra rejected $85M offer to settle Cargill lawsuit over Joe White sale
Grain producer Viterra, which has been ordered to pay $293 million to Cargill Australia for making misleading representations during the sale of malt producer Joe White, rejected an offer to settle the lawsuit for $85 million, a court has heard.
Abandoned IVF clinic merger no win for ACCC, judge says
The ACCC got what it wanted when IVF providers Virtus Health and Healius terminated a proposed $45 million merger, but it wasn't a win, a judge has said in mostly denying the regulator's bid to recover the costs of its court challenge to the deal.
$2.5M in damages sought in ‘Love Is In The Air’ copyright suit
The holder of the licence for 'Love Is In The Air' is seeking $2.5 million in damages from Oregon electronic music duo Glass Candy for infringing the copyright for the 1970s disco hit, despite a judge dismissing most claims for damages against the pair.
Viterra hit with $124M in interest on top of $168.9M in damages owed to Cargill
Grain producer Viterra has been ordered to pay Cargill Australia $124 million in pre-judgment interest on top of the $168.9 million it was ordered to pay after a judge found it misrepresented the performance capabilities of Joe White during the $420 million sale of the malt producer.
Credit Suisse fund launches $43M lawsuit against IAG over Greensill debt
A Credit Suisse supply chain fund that was left heavily exposed with the collapse of Greensill Capital alleges Insurance Australia Group owes $43 million under a policy indemnifying it for outstanding debt owed by the failed financing firm.