Law Firms

A court has granted the corporate regulator leave to proceed with a lawsuit against collapsed advisory firm MWL Financial for advising clients to invest $114 million in their super into Keystone’s failed Shield Master Fund. 

A law firm bringing a class action alleging Harvey Norman sold worthless warranties is seeking a 30 per cent group costs order, arguing times have changed and that the court should only consider GCOs awarded in the past year. 

In finding Star Entertainment's former group general counsel liable for breaches of duty, the judge overseeing ASIC's case has questioned the chief lawyer's insistence that she "rarely gave legal advice" and that her roles with the company should be delineated.

A class action against AMP over allegedly inflated insurance premiums has been ordered to better particularise its case, with a judge hearing the current pleading is "not good enough" for the wealth manager to put on a defence.

An upcoming trial in a case over a Victorian Liberal Party-linked company's decision to give former party leader John Pesutto a $1.5 million loan to help him avoid bankruptcy has been vacated.

Delivering his findings on ASIC’s action against Star Entertainment executives on Thursday, Federal Court Justice Michael Lee remarked that the “self-congratulatory submissions" of former board members named in the case were "jarring”.

In the latest chapter of a bitter feud between NSW Director of Public Prosecutions and District Court Judge Penelope Wass, the state's Court of Appeal has found parliamentary privilege doesn't bar the top prosecutor from launching a recusal bid in a criminal trial.

A challenge to the City of Sydney's refusal to approve a digital billboard on the heritage-listed Grace Bros building has fallen flat, with a judge saying the sign would “dominate the skyline” and affect key views from Broadway.

Mills Oakley has been hit with a negligence lawsuit by a former client who claims the firm failed to advise of the tax consequences of demolishing a dwelling before selling a property in Melbourne's east for $5.4 million.

ASIC has had mixed success in a case against former Star directors and officers, with a judge finding the casino operator’s former CEO and GC breached their duties but that claims against the former board fell short.