Trial in a protracted class action against Deloitte over the collapse of construction group Hastie has been abandoned, signalling a settlement is in the works.
A lawsuit by the liquidators of Sargon Capital alleges law firm King & Wood Mallesons ârefused or neglectedâ a demand to return over $540,000 in alleged unfair preference payments and should have known the fintech was insolvent when the payments were made.
The New South Wales deputy state coroner has concluded that accused conwoman Melissa Caddick is dead, but questions remain about the circumstances of her death.
The value of assets held by companies linked to the late Banksia Securities class action funder is expected to top the $19 million owing on a court judgment against the fraudster and his c0-conspirators.
The applicant in an investor class action over the collapse of advisory firm Linchpin Capital and Endeavour Securities has raised concerns about the authenticity of Linchpin’s business records, which it wants to put into evidence at trial in two months.
A court has tossed a conviction secured in ASICâs case against a director of collapsed flight booking platform Fly365, saying the case was âdoomed to failure.â
Commonwealth Bank and other lenders of failed steel giant Arrium have lost a second attempt to put two of the company’s directors on the hook for alleged misleading representations on loan drawdown notices ahead of its $2.8 billion collapse.
The liquidators of failed engineering company Hastie Group have appealed a decision that knocked out half its $120 million case against Multiplex, Lendlease and numerous other builders.
An appeals court has set aside a barristerâs $320,000 bill for a case initially estimated to cost $60,000 in counsel fees, applying a âpurposive approachâ to the rules governing lawyers’ disclosure obligations.
Insurer Atradius has lost its bid to bring a $1.5 billion (US$1 billion) case against four KordaMentha liquidators and 60 financiers of the Arrium group alleging they failed to act under a duty of utmost good faith when agreeing on how to divvy up sale proceeds for several entities.