Most Recent
Former partner sues Potentia Capital over alleged settlement breach
A former partner at Potentia Capital Management has brought proceedings claiming the private equity firm breached a settlement agreement after his employment at its fintech Linkly was terminated following alleged whistleblower complaints.
Netwealth failed to properly vet First Guardian fund, court told
The corporate regulator has sought court declarations against super trustee Netwealth over the failed First Guardian investment fund, which along with the collapsed Shield is believed responsible for $1 billion in losses.
Freezing orders extended in ASIC case against Falcon Capital’s ex-CIO
A judge has pushed out freezing orders against the former chief investment officer of failed investment firm Falcon Capital, dismissing the excecutive's complaint that he was leaning on friends to pay bills.
Falcon Capital director’s travel ban lifted after emotional claims
A former director of defunct Falcon Capital has won a fight with ASIC over a proposed travel ban extension, following an emotional plea to a court in which he claimed to be a whistleblower. 
Falcon Capital director says emails ‘exonerate’ him, freezing orders a ‘misery’
A self-represented former director of the defunct Falcon Capital has told a court he has emails that clear him of claims by ASIC, but the corporate regulator said the documents may contain privileged information. 
Plus500 says arbitration bars class action, judge says nobody reads T&Cs
People don't read terms and conditions when signing up to online services, an appeals court judge has told trading platform Plus500, which says the applicant in a class action is bound by an arbitration clause in its user contract.
Cottle family group units bring $280M negligence suit against Nexia, PwC
Several entitles in the Cottle family group, which owns construction company FDC Construction & Fitout, have won more time to serve a $280 million negligence suit on accounting firms Nexia and PricewaterhouseCoopers over more than two decades of tax and financial advice.
Credit Suisse wins row over Deloitte reports, Linklaters advice in Greensill case
Two Deloitte reports commissioned by a Swiss law firm for Credit Suisse are protected by legal professional privilege despite access given to financial regulators investigating the collapse of supply chain financier Greensill. 
Class actions against Hyundai, Kia get go-ahead to bring new pleadings
The applicants in class actions over alleged engine defects in Hyundai and Kia vehicles can file amended cases, over the objections of the car makers, which claim the new pleadings are "worse" despite millions of dollars having been spent on discovery.
CMC Markets accepts cut to unprecedented class action security bid
A class action against CMC Markets has agreed to provide an additional $6.5 million in security, with the parties avoiding a contested hearing over the online trader's bid for $8.6 million.