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Class action wants insurance policy info from Dixon Advisory
A class action on behalf of former clients of collapsed wealth manager Dixon Advisory has filed a court bid for information on any insurance policy held by the business that might cover the mammoth claims, estimated to be worth between $278 million and $463 million.
Virgin says funder’s $5M security in investor class action ‘unsatisfactory’
Virgin Airlines has argued a litigation funder’s indemnity for its legal costs is not enough for it to bring a class action on behalf of bond holders over a 2019 prospectus, claiming the airline expects to spend more than $5 million defending the proceedings.
No secret lawyers brought on for privilege ‘shield’, says judge in Pacific National crash doc stoush
A judge has ordered Pacific National to hand over safety management system documents in a privilege fight over a deadly 2019 train crash, observing large organisations often bring on lawyers for a privilege "shield".
$44.5M Woolworths class action settlement OKd but firm’s fees yet to be approved
A judge has signed off on a $44.5 million settlement of a shareholder class action against Woolworths, which includes a $4.73 million funding commission, but the amount of fees to be paid to the law firm running the case remains to be decided.
‘Serious allegations’ against Pitcher Partners to be heard in NSW
A judge has denied a bid by accounting firm Pitcher Partners to transfer a $127 million lawsuit brought by the Twigg family, saying he was best placed to hear "serious allegations" the firm helped race car driver Max Twigg give a false understanding of his company’s assets.
IPO Wealth trustee refusing to leave rooms at Yarra Valley Lodge, suit says
A Melbourne-based investment management group is refusing to vacate two rooms forming part of a managed investment scheme at the Yarra Valley Lodge Hotel, according to a lawsuit filed by the Australian and Pacific Investment Corporation.
Mitsubishi loses appeal, court finds Triton fuel economy label misleading
Mitsubishi Motors has lost its legal challenge to a decision that found it made misleading fuel efficiency representations on a label affixed to the windshield of a Triton 4WD sold in 2017.
EY settlement in class action over Slater & Gordon audits approved
A judge has blessed Ernst & Young’s settlement with shareholders in a class action alleging the firm, along with Pitcher Partners, approved an overly rosy year-end financial report related to Slater & Gordon's disastrous $1.2 billion acquisition of UK business Quindell.
Indonesian farmers fight PTTEP’s bid to shut out 15,000 damages claims in class action
Oil exploration company PTTEP has argued 15,000 Indonesian seaweed farmers who brought a class action alleging their crops were damaged after an oil spill in the Timor Sea will need to individually persuade the court to allow their claims out of time.
Silk warned by judge not to get ‘carried away’ in defamation case by bank boss Peter Schiff
A judge has cautioned senior barrister Sue Chrysanthou over her colourful description of a 60 Minutes episode at the heart of Euro Pacific Bank boss Peter Schiff’s defamation case against Nine, urging the silk to "be careful".