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A former Nuix director has made a bid to stay a shareholder class action, which accuses the software company of failing to alert the market to red flags in the business, pending the outcome of separate proceedings by ASIC.
A judge has approved a $1 million settlement in a shareholder class action against failed tech start-up GetSwift that leaves the law firm running the matter taking a “massive haircut” and the funder $5.5 million out of pocket.
Personal lender ClearLoans and its parent company have agreed to pay penalties of just over $6 million to settle the first COVID-19 related case brought by the Australian Securities and Investments Commission.
A PricewaterhouseCoopers partner has hit back at a lawsuit over her alleged involvement in a $3.3 million scheme to defraud her husband's employer, saying she believed payments into her account were made under a personal loan brokered by her husband from a “wealthy friend” in China.
Bolstering its corporate team in Australia, multinational law firm Pinsent Masons has nabbed a cross-border M&A specialist from DLA Piper.
The son of the lawyer behind the Banksia Securities class action has effectively abandoned his appeal of a court judgment that found he knowingly and actively assisted his father in a fraudulent scheme to pocket almost $20 million in inflated fees and commission.
Two Sydney lawyers have lost an application to set aside bankruptcy notices filed by their insurer claiming over $300,000 in legal costs, after a judge rejected their arguments about an “overarching conspiracy” in the case.
A judge has found a law firm's estimated fees for representing the Commonwealth in a class action over the use of allegedly toxic firefighting foam on military bases are excessive, noting the government has already forked over $12 million in defence costs.
King & Wood Mallesons has welcomed the return of employment law expert Annamarie Rooding, who left the firm to serve as top inhouse lawyer with gaming giant Tabcorp.
A judge has found that the ABC defamed ex-commando Heston Russell by implying he was involved in murdering an Afghan prisoner, but he rejected claims that the broadcaster's coverage implied he was actively responsible as the shooter.