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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.
Ex-Star GC wins stay of $400K penalty in ASIC case
Star's former chief legal offer has won a stay of a $400,000 penalty as she appeals a finding that she breached her directors' duties by failing to alert the company's board to money laundering risks in its Sydney casino.
ATO appeals win for Evolution Mining over $31M losses
The Australian Taxation Office is appealing a win for gold producer Evolution Mining after an initial trial over the company's purported decision to cancel the transfer of $31 million in post-acquisiton losses.
Construction PRO
Court tosses challenge to Santos’ plans for Reindeer gas field
A court has tossed a lawsuit by the Wilderness Society alleging NOPSEMA failed to ensure Santos has the financial means to decommission its Reindeer gas field off the coast of Karratha in Western Australia.
Construction PRO
Mallesons denies knowledge of $18M loan in FSM liquidators’ case
Law firm Mallesons, which is named in proceedings brought by failed property developer FSM, has denied it knew that a former director used company loans to pay off personal debts.
Construction PRO
High Court declines to hear case over domestic building insurance
The High Court has declined to review a ruling from the Victorian Court of Appeal that found domestic building insurance policies do not respond to when a defect arises, but rather to when loss or damage is suffered.
Construction PRO
Holding Redlich poaches construction team from HWLE
Holding Redlich has hired four Melbourne-based lawyers from HWL Ebsworth, including two partners, to bolster its construction team.
KPMG slams Arrium class action’s ‘intuitive’ loss case
KPMG has told a judge there is no evidence that Arrium's share price would have changed even if it had recorded a $2.8 billion impairment, urging the judge to reject the shareholder class action's "intuitive" case on loss. 
Macquarie says Nuix class action evidence ‘completely inadmissible’
Macquarie Capital has taken aim at the expert evidence of a shareholder class action over Nuix's IPO, saying it was "completely inadmissible" because the expert had answered legal questions that fell outside his expertise.