Private equity firm Adcock has won almost $1 million in a judgment against the former boss of Aussie Home Loans, Stephen Porges, who was found to have misled the firm over the profitability of shares in a digital commerce startup he wanted to offload.
Facing the possibility of more class actions related its use of allegedly toxic firefighting foam at military bases throughout Australia, the Commonwealth has turned to one of the country’s largest firms for its defence in the two most recently filed cases.
Ophthalmic diagnostic device manufacturer ObjectiVision has made its final pitch to the Federal Court at the end of trial in a long-running intellectual property and contract dispute with the University of Sydney, saying in closing submissions that the school had run a “curious” case.
Westpac will pay $35 million to settle a case brought by ASIC alleging the bank breached responsible lending laws through its automated home loan system, the largest civil penalty ever awarded under the National Credit Act.
Sydney-based law firm Bannister Law has asked a court to consolidate two class actions against troubled sandalwood oil producer Quintis, and has made its pitch for leading the joint proceedings.
The judge overseeing lawsuits by the ACCC as well as multiple class actions against Volkswagen AG over the Dieselgate scandal has ordered the car maker to provide the names of executives who were responsible for the development of the emissions cheating software.
A trial set to begin Monday morning in ASIC’s landmark case against Westpac alleging the bank breached responsible lending laws was postponed amid settlement talks, which were expected to continue into the evening.
Maurice Blackburn has filed its promised class action against BHP Billiton over the Brazilian dam collapse, and the case puts a twist on typical funding arrangements, with the law firm looking to earn what it dubs a “litigation services fee” for financing the case itself.
Spanish construction company Técnicas Reunidas can’t block two Pinsent Masons solicitors, formerly with Norton Rose, from representing Downer EDI Engineering in an ICC arbitration between the two companies, with an appeals court saying unanswered emails provided sufficient proof a retainer had been terminated.
Auditing firm Deloitte Touche Tohmatsu wants to challenge a ruling that forces some of its partners to hand over evidence to shareholders in a class action over accounting work for collapsed engineering company Hastie Group.