HopgoodGanim will cut equity partner income by 50 per cent and staff salaries and hours by 20 per cent for up to six months to preserve jobs and ensure the sustainability of the firm during the coronavirus pandemic.
Two barristers facing professional misconduct allegations in relation to the Banksia securities class action submitted more than $2.65 million in legal bills without documentation more than five years after the class action was filed and may have done so at the behest of funder Mark Elliott, a court has heard.
Target Australia is facing a possible class action for allegedly failing to pay staff overtime or penalties for time that they worked, two months after revealing it underpaid staff at its retail stores $9 million.
In response to the COVID-19 pandemic, lawyers are litigating from their lounge rooms and negotiating contracts on new technology platforms. While the profession has embraced the change, working from home exposes firms to specific IT security risks.
Defunct financial adviser Dover Financial has sued three separate law firms for allegedly negligent advice over a ‘client protection policy’ that the Federal Court found was misleading, deceptive and an “exercise in Orwellian doublespeak”.
The High Court has agreed to weigh in on a decision last year to pick Maurice Blackburn’s case as the winner of a beauty parade of shareholder class actions against AMP over the wealth manager’s controversial fees for no service.
Ashurst will cut partner and staff salaries by 20 per cent to brace for an anticipated slowdown in the markets where it operates due to the coronavirus pandemic.
Cruise company Australian Pacific Touring has settled a lawsuit brought against the Federal Government challenging an order forcing foreign-owned cruise ships out of Australian waters due to health concerns raised by the coronavirus.
Ford has lost its bid to delay an upcoming virtual trial in a class action over allegedly defective PowerShift transmissions, with a judge saying the parties must try to make a virtual trial work because the current “unsatisfactory” circumstances caused by the coronavirus pandemic could continue for a year or more.
Cigno is facing a possible class action over alleged predatory lending practices that were banned by the Australian Securities and Investments Commission last year, one day after losing a courtroom challenge to the ban.