ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors.
Class actions against Hyundai and Kia say they need a third round of document discovery, two years into the cases, but a judge has said the applicants should first detail the alleged engine defects at issue.
The High Court won’t hear an appeal by a creditor of collapsed forestry giant Gunns Plantations seeking to toss winding up proceedings brought after it failed to pay back $1.2 million in unfair preferences.
A court has approved a $170 million settlement in a class action against Allianz, and has signed off on an order that gives the firms behind the case 25 per cent of the deal.
JB Asset Management has clawed back $3 million from a scuttled real estate deal involving LBA Capital, almost a year after LBA’s director was jailed for fraud.
United Petroleum has successfully sued the landlords of one of its petrol stations for failing to pay for repairs to potholes described as “more like large craters”.
A judge has found the liquidators for collapsed developer Crown Group would be justified in making $500,000 in payments to related companies Quay Group and Westport, over objections from a director that he was not consulted on a solicitor’s retainer.
A judge has accepted Mitsubishi’s argument that an investigation into the fuel consumption of its Triton cars is protected by litigation privilege and should not be handed over to a class action.
The Supreme Court of Victoria has been urged not to meddle with a 25 per cent group costs order in a junk insurance class action that settled for $170 million, in what would be the court’s second blessing of a law firm contingency fee.
Liquidators of collapsed developer Crown Group have brought legal action against the company’s partner in a joint venture to build a residential tower in Melbourne’s Southbank, seeking to force a sale of the property.