Westpac has told a court that it is âinconceivableâ that Forum Finance directors Bill Papas and Vince Tesoriero and funded their lavish lifestyles legitimately, as trial kicked off in the bankâs $400 million fraud case against the Forum companies.
The Australian Securities and Investments Commission has hit back at a defamation suit by Mayfair 101 founder James Mawhinney over a media release, saying it doesn’t meet the new ‘serious harm’ threshold for defamation matters.
A class action on behalf of businesses claiming harm from the 2020 hotel quarantine debacle has staved off the state of Victoriaâs bid for a stay pending a criminal action against the Department of Health.
Regenerative medicine company Mesoblast has hit back at a shareholder class action over its Remestemcel-L treatment for COVID-19, saying that some group members are barred from bringing claims because of a settlement reached in a US class action.
Insurance law firm Wotton + Kearney has lured a MinterEllison partner and her team to its recently established Adelaide office, as well as a special counsel from Barry.Nillson.
In reasons for approving a $41 million deal to settle one of three shareholder class actions over Slater & Gordon’s acquisition of a UK firm and awarding the funder 28 per cent, a judge has challenged a persistent notion that the interests of litigation funders and group members are at odds.
Hitting back at ASIC’s claims it misled investors and breached disclosure rules, technology company Nuix says it had no knowledge it was failing to meet its FY21 forecast and didnât need to disclose to investors draft documents showing missed internal targets.
Class action settlement sums reached new highs last year, with the ten largest agreements totalling almost $1 billion, almost half of which was secured by one plaintiff law firm.
The High Court has unanimously dismissed Western Powerâs challenge to a judgment which found the state-owned electricity supplier breached its duty of care to inspect power poles on private land and was partly liable for property damage from the 2014 Perth Hills bushfire.
A judge has approved a confidential settlement in a class action on behalf of 383 apartment owners in Sydneyâs Opal Tower but slashed the amount sought by the funder.