Law Firms

The liquidators of an unregistered managed investment scheme run by convicted fraudster Chris Marco have fended off a summary dismissal application by investors, with a judge finding that it was not so obvious that they would be entitled to a good faith defence to warrant tossing the case. 

An appeals court has rejected a challenge to a permanent stay in a misleading and deceptive conduct case against engineering firm Everllence over alleged defective connective rods in engines supplied for a fast ferry registered in Denmark.

An appeals court ruling has confirmed that non-contracting owners must prove their own loss to claim defect damages under warranties in the Domestic Building Contracts Act. 

A barrister for a group of banks defending a lawsuit launched by satellite company NewSat has questioned the credentials of the defunct firm's solicitor, who has challenged the lenders' $8.9 million security for costs bid.

Super fund HUB24, which rejected the now collapsed First Guardian fund as an investment for members, can protect its due diligence process from getting into the hands of rival Diversa, whose members weren't so lucky.

A judge has put Star on the hook for over $1 million in Buildcorp's legal costs after largely losing its suit over alleged defective construction work on its Sydney casino, describing the case as "fairly disastrous".

The judge overseeing class actions against Hyundai and Kia has taken the parties to task over lack of progress in the cases, calling them out for “paying lip service” to the obligation to proceed expeditiously. 

A court has ordered Macquarie Securities to pay an agreed $35 million penalty after finding that “serious deficiencies" in its reporting systems resulted in repeated failures to accurately report short sales.

Victoria will pay $125 million in a settement finalised on Monday in a class action over the state's COVID-19 hotel quarantine program.

The estranged wife of former Carlton Football Club president and ex-chief executive of PricewaterhouseCoopers Luke Sayers wants a jury trial in her case over an alleged defamatory statutory declaration he wrote as part of an investigation into an explicit social media post that led to his resignation from the club.