Collapsed forex broker Gallop International Group has sued its former law firm, claiming its failure to ensure the company complied with its obligations as a holder of an Australian financial services licence led to $15.4 million in investor funds being loaned to the company’s director in Hong Kong.
The former director of a central Queensland construction company relied on his Sparke Helmore solicitor to read over contracts for sale for him, a court has heard in a trial over allegations the law firm’s negligence led to a loss of more than $1 million.
Three law firms and a consultancy are fighting a bid by defunct financial advisor Dover Financial to bring negligence claims against two lawyers over a so-called client protection policy found to be “an exercise in Orwellian doublespeak”.
Financial services company Dixon Advisory has been hit with a class action for allegedly pushing financial products onto investors that it stood to reap hundreds of millions of dollars in fees from and failing to disclose its alleged conflict of interest.
A national law firm has been found liable to pay $13 million in damages for giving negligent advice to a former client that led to a botched sale of its business to Woolworths and caused it to go into administration.
Two law firms accused of providing negligent advice to Dover Financial over a so-called client protection policy found to be “highly misleading” have argued the defunct financial advisor should not be able to recover the $1.2 million penalty it was ordered to pay.
Mobility equipment provider Country Care has taken a law firm to court claiming it gave negligent advice and was responsible for an ACCC price-fixing investigation and subsequent criminal cartel charges.
A judge has granted law firm Sparke Helmore’s bid for additional security in a negligence lawsuit brought by a property developer, but agreed the $215,000 sought by the firm was excessive.
Slater & Gordon has been hit with a lawsuit filed by a former client who alleges the plaintiffs law firm’s conduct prevented him from suing the federal government for psychiatric injuries suffered at the Manus Island refugee processing centre.
A property developer suing law firm Sparke Helmore in a $1 million negligence suit has resisted a bid for $215,000 in security for costs made weeks ahead of a four-day hearing in the matter, calling the sum “excessive”.