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Sparke Helmore off the hook as IOOF unit loses appeal of $76M judgment
IOOF subsidiary Australian Executor Trustees failed to drag law firm Sparke Helmore into a case after it was hit with a $76.6 million judgment over breaches of duty in the sale of a 42,000 hectare timber plantation by collapsed forestry giant Gunns Group.
‘Ancient allegations’: Judge rejects bid for new pleading in client’s 1993 case against solicitor
A judge has refused a bid to file a new pleading in a $1.3 million "squabble" with an "unfortunate history" between a client and his former solicitors, one of whom is now dead, dating back to 1993.
Fairfax denies defaming barrister in article linking him to ‘largest ever’ US tax fraud
Fairfax has hit back at claims in a lawsuit that the publisher defamed a barrister in an article alleging he helped Texas billionaire Bob Brockman defraud the United States of US$2 billion in taxes, denying the article defamed the lawyer and saying the report was an honest summary of publically available information.
Griffith Hack partners peel off to start new IP firm
Three former Griffith Hack partners have joined forces to launch their own IP firm, which they claim offers a "new and more holistic approach" to intellectual property.
Judge OKs $9.5M McMillan Shakespeare settlement despite funder, lawyers taking bulk
A judge has approved a $9.5 million settlement in a class action against McMillan Shakespeare as fair and reasonable, allowing a common fund order and a nearly 30 percent commission for the litigation funder despite previously raising "real concerns" about the small portion flowing to group members.
Arrium class action at centre of brewing fight over contingency fee orders
Whether a contingency fee order made in a Victoria Supreme Court class action can survive a transfer application to a NSW court could be the next high stakes class action issue for the courts.
RMIT says law professor plunged $21K of research funds into sake, baby formula retirement scheme
RMIT has bit back at a $2.9 million lawsuit by an indigenous law professor who claims the university fired him for complaining about "racially and sexually discriminatory remarks" allegedly made by one of the university's senior officials, saying he plunged $21,000 of RMIT's funds into research for a potential private global sake and baby formula venture.
ACCC secures $83.5M in fines over vehicle shipping cartel
Norwegian shipping company Wallenius Wilhlmsen Ocean has been fined $24 million for conspiring to fix the rates charged for shipping vehicles to Australia, bringing the total fines won by the ACCC over the shipping cartel to $83.5 million.
High Court soon to decide issue of competing class actions
In Wigmans v AMP the High Court will shortly deliver judgment on the vexed issue of class actions that compete to represent substantially the same class or group. Dr Michael Duffy of Monash University previews the decision.
Barrister settles lawsuit over client loss in $24.5M property spat
A Victorian barrister has reached a settlement on the eve of trial in a breach of fiduciary duty lawsuit brought by a former client who lost a court case over a $24.5 million real estate dispute.