A lengthy dispute over insurance in a settled class action against sandalwood producer Quintis has been resolved, with the Federal Court rejecting a challenge by two insurers to the rectification of policies that could provide a further $11.25 million in recoveries to group members.
Star Entertainment can continue its case against a wealthy junket gambler who dishonoured a cheque after losing $43 million in one week at the Baccarat table at Star’s Gold Coast casino.
A judge has found that Clive Palmer’s Mineralogy breached an agreement with Hong Kong-based CITIC over the acquisition of mining tenements to extract one billion tonnes of iron ore in the Pilbara region.
A cryptocurrency trader has won judgment of over $1.96 million in a NSW Supreme Court lawsuit against companies owned by a convicted fraudster over a deal involving “millions of dollars of cash in bags and suitcases” and a settlement that was reached and then ignored.
A court has ordered Avant Insurance to supply certain documents to a plastic surgeon seeking coverage for legal costs of defending a class action against The Cosmetic Institute over allegedly “incompetent” breast augmentation surgery.
Clive Palmer and his company Mineralogy will have to press forward with their appeal of a judgment that found their lawsuit against Hong Kong-based CITIC was an abuse of process, after an appeals court dismissed the mining magnate’s allegations of “sinister” conduct by CITIC.
Insurer AIG Australia will have to pay collapsed diary processing firm Murray Goulburn at least $8.85 million after a court ruled it was liable to cover some of the costs of a $42 million class action settlement reached with irate investors last year.
Three units of Hong Kong private equity group Argonaut have successfully defended an appeal by former Atrum Coal director Russell Moran who was ordered to repay $6 million plus interest after defaulting on a loan he had “no capacity” to repay.
Star Entertainment Group Ltd is facing a lawsuit brought by a high-roller claiming the casino giant owes him almost $14 million won at the Baccarat table over a seven-day gambling spree last year.
Business consultancy Hendry Group has told a court there was “no possible causal connection” between sex discrimination complaints brought by a former CEO and her suspension, saying that the company showed her the door because of “genuine and serious concerns” about her conduct.