Consulting giant EY wants a court to dismiss a case brought by a joint venture alleging negligence in due diligence reports of Coca-Cola Amatil’s $40 million sale of fruit processing business SPC.
The Australian Energy Regulator has taken energy retailer Origin Energy to court for allegedly breaching its commitments to financially vulnerable customers, including by disconnecting the service of some who were on a payment plan.
Baker McKenzie has been accused of negligence in a cross claim by Chinese lender Aoyin, which faces a lawsuit by accounting giant PricewaterhouseCoopers for unpaid fees over advice related to a failed bid to launch a bank in Australia.
An appeals court has upheld a ruling that Sydney law firm Bartier Perry failed to adequately advise a lawyer about his rights under a partnership agreement, but trimmed a $1.4 million damages award against the firm.
Sparke Helmore has secured a temporary reprieve in a $1 million negligence lawsuit against it, with a NSW Supreme Court judge staying the case for two weeks to allow the plaintiff property developer, which has been described as a “rudderless” firm, to get its house in order.
Consulting firm EY is facing legal action for allegedly making inaccurate and misleading statements ahead of the 2019 sale by Coca-Cola Amatil of its fruit processing business SPC.
Investors who entrusted their retirement savings to deceased fraudster Melissa Caddick may launch a class action against the auditors that signed off on financial statements for the funds.
Failed vocational education provider Phoenix Institute has taken three of its former directors to court claiming they breached the Corporations Act in the lead-up to its collapse and should compensate the company.
Grant Thornton has won approval to a bring a cross-claim against Forge Group, just three months ahead of trial in the collapsed engineering company’s case against the accounting firm and ten former directors for their alleged negligence in relation to its “uneconomic” purchase of CTEC in 2012.
A former QC who is now a judge on the Victorian Supreme Court judge has been hit with costs following a ruling that he and a law firm acquired by Russell Kennedy provided negligent advice to a former client on a land purchase contract.