A judge has stayed a class action on behalf of 6,000 women allegedly injured by defective pelvic mesh devices after Astora Women’s Health filed for bankruptcy in the United States, but questioned how the company had suddenly come to have no assets.
A judge has rejected a bid to add an insolvent trading claim to a $78 million class action over the collapse of Walton Construction, citing âextraordinaryâ delays in the three-year-old case.
Insolvency practitioners are holding their breath as the High Court hears a case that could abolish a key rule used by liquidators in recouping payments to unsecured creditors at a time when the industry is bracing for a possible recession.
Investors in Mayfair Groupâs collapsed IPO Wealth Fund have clawed back only a fraction of their alleged $67 million losses after a judge approved a settlement in a class action alleging the fundâs trustee misled unit holders.
Liquidators have been appointed to a litigation funder behind a funding agreement ripped up by the court last year that would have given it a hefty 85 per cent commission.
Investors in Mayfair Groupâs collapsed IPO Wealth Fund are set to recoup only a fraction of their alleged $67 million losses in a best-case settlement of a class action alleging the fundâs trustee misled unit holders.
A judge has paused a class action on behalf of 6,000 women allegedly injured by defective pelvic mesh devices pending determination of an application by Astora Health for a stay of the proceedings following its bankruptcy filing.
Two receivers for unlicensed investment scheme A One Multi Services have lost their bid to have 85 per cent of their future remuneration paid out immediately, with a judge agreeing with the corporate regulator that the receivers should not have âwhat are in effect trust fundsâ.
Companies associated with the wife of disgraced senior barrister Norman O’Bryan are stuck with the findings of last year’s excoriating judgment against the Banksia class action legal team despite their status as third parties, a court has heard.
Defunct stockbroker Halifax Investment Services has sued law firm King & Wood Mallesons and its former auditor Bentleys for allegedly failing to advise that it had to hold client funds used to trade on its online platforms on trust.