The future of a class action against a Canberra property developer accused of misleading investors about GST on their apartments is in doubt after the litigation funder withdrew support for the āuneconomicā case.
HWL Ebsworth has been taken to task for its spare defence in a $4.4 million lawsuit by a former capital partner, with a judge saying the court was entitled to know how the law firm relied on the partnership deed to deny the solicitor’s right to an equitable share of firm profits.
Shareholders bringing a class action against Quintis have lost their bid for Ernst & Young to hand over documents from two meetings with a director of the sandalwood supplier, after a judge found they did not get āwithin a bullās roarā of showing the accounting firm’s discovery was inadequate.
IOOF financial advice unit RI Advice has escaped a penalty in a test case alleging cybersecurity failures, but the firm must engage an IT security company and pay the corporate regulator’s legal costs.
The Australian Stock Exchange is seeking $3.25 million in security for costs as it defends a $464 million lawsuit brought by fintech firm iSignthis, a move spurred on by the 2021 demerger of iSignthis and ISX Financial EU.
International law firm HFW has bolstered the ranks of its disputes practice in Australia, recruiting a leading commercial litigation and international arbitration partner from Corrs Chambers Westgarth.
Max Twigg, race car driver and former owner of the famous Byron Bay Hotel, has lost an appeal of a judgeās finding that he misappropriated around $100 million in family trust money and took steps to conceal the transfer of funds from his mother.
Qantas and the Transport Workers Union both lost their appeals Wednesday of a judgeās decision finding the airline had decided to axe 1,800 ground staff partly to prevent employees bringing industrial action but refusing to reinstate the workers. The airline has vowed to take the case to the High Court.
Former synagogue president and Victorian Liberal party treasurer David Mond is suing Nine-owned Fairfax, The Age and two journalists for defamation over three articles accusing him of deciding to host a speech by a convicted spy.
A full bench of the Fair Work Commission has reversed a decision that would have allowed employees who were lawfully demoted to challenge their demotions as unfair dismissals, in a significant finding that means employers will not be exposed to claims if they properly exercise their rights, writes McCullough Robertson’s Amber Sharp, Kerry O’Brien and Nathan Roberts.