Two insurers for Dixon Advisory have argued they should not have to disclose policies that could respond to mammoth claims in a class action against the collapsed financial services firm estimated to be worth $278 million and $463 million.Â
A judge has ruled that a litigation funder for an investor class action against Virgin must give the airline an indemnity to bring proceedings despite finding a deed of company arrangement requiring the pay-out âdidnât make senseâ.
Grant Thornton and former director Bradley Taylor appeared in court Thursday, facing charges of failing to ensure the 2018 audit of fintech firm iSignthis was conducted in accordance with auditing standards.
Westpac and the lead applicant in a class action filed in the wake of AUSTRAC proceedings are still battling it out over discovery of evidence three years into the case. And the applicant claims the bank’s discovery protocol fails the new test set by the Full Federal Court earlier this year.
Two law firms that filed competing class actions against regenerative medicine company Mesoblast for allegedly misleading shareholders about its Remestemcel-L treatment for COVID-19 complications have agreed to join forces and sidestep a beauty parade.
Law firms Shine Lawyers and Phi Finney McDonald have won a contest to jointly run a class action against embattled tech company Nuix, with rival Banton Group losing out on its âopaqueâ funding agreement.
Failed asset manager Blue Sky Alternative Investments has been served with a class action over the companyâs alleged overstated financial reports between 2016 and 2018 that also targets nine former directors as well as auditors Ernst & Young.
A judge overseeing a shareholder class action against GetSwift has said the settlement and company itself have âcollapsedâ after the logistics business went into liquidation and failed to make the last of the upfront payments due under the dealâs $1.5 million cash component.
Shareholders in a class action against Arrium and KPMG are fighting an $8 million security for costs order sought by former directors of the failed steel giant, who say they should not be forced to defend the case âon a shoestring.â
A shareholder class action against Ernst & Young over its alleged inflation of assets owned by sandalwood producer Quintis has argued the accounting firm should be allowed only one expert witness, who should collaborate with a competing expert chosen by the investors.