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Contingency fees bill a ‘handshake’ to Maurice Blackburn, Slater and Gordon, state MP says
Class Actions 2020-02-18 10:47 pm By Cat Fredenburgh Melbourne

A Victorian politician has slammed a bill that would allow lawyers running class actions in the state to charge contingency fees, calling the proposal a ‘handshake’ to the country’s two largest plaintiffs law firms.

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Liquidators want $6M from directors of failed Gold Coast asset manager
Financial Services 2020-02-17 9:49 pm By Cat Fredenburgh Melbourne

Two former directors of defunct Gold Coast asset manager Avestra are facing a lawsuit from the company’s liquidators seeking to recover $6 million in alleged losses by three of the company’s managed investment schemes.

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Russells drops cross claim against axed solicitor
Employment 2020-02-17 12:44 pm By Cat Fredenburgh Melbourne

Russells Lawyers has withdrawn a cross claim against a restructuring and insolvency solicitor who filed a lawsuit alleging the firm tried to manufacture a reason for terminating his employment.

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Clive Palmer wins some, loses some in ongoing feud with CITIC over Sino Iron mine
Alexander Law 2020-02-14 11:12 pm By Cat Fredenburgh Melbourne

Clive Palmer and his company Mineralogy have survived a High Court challenge by Hong-Kong based CITIC to a ruling that put it on the hook for at least $224 million in unpaid royalties from producton at the Sino Iro mine, but a related $297 million suit by Palmer against the Chinese conglomerate has flopped.

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High Court declines to weigh in on insurance coverage for $6M class action settlement
Class Actions 2020-02-14 10:51 pm By Cat Fredenburgh Melbourne

The High Court has declined two insurers’ request for review of a decision that left them on the hook for covering part of a $6 million class action settlement by Bank of Queensland.

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Judge allows discovery for possible bushfire class action against Essential Energy
Class Actions 2020-02-14 10:50 pm By Cat Fredenburgh Melbourne

A law firm has won its case seeking preliminary discovery from Essential Energy to pursue a possible class action against the state-owned electricity infrastructure company over the 2018 Tathra bushfire in NSW.

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ACCC wins power to compel information from Google, Facebook
ACCC 2020-02-14 10:32 pm By Cat Fredenburgh Melbourne

The Federal Government has blessed the ACCC’s request for an extended public inquiry into Google and Facebook as well as a separate probe into the tech giants’ advertising practices, arming the regulator with the power to collect information on the companies’ advertising and search algorithms.

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Taco Bell to open in Victoria after settling Taco Bill lawsuit
Baker McKenzie 2020-02-13 9:39 pm By Cat Fredenburgh Melbourne

A Mexican restaurant franchise has settled a dispute with Taco Bell that will allow the fast food giant to move ahead with plans to set up shop in Victoria.

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In loss for Herbert Smith Freehills, court says self-represented law firms can’t recover costs
Appeals 2020-02-13 4:29 pm By Cat Fredenburgh Melbourne

Herbert Smith Freehills cannot recover its costs for successfully representing itself in litigation with United Petroleum over the company’s aborted initial public offering, with an appeals court finding the High Court’s recent ruling eliminating the so-called Chorley exception for self-represented lawyers applies to law firms as well.

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Rural Funds wins unprecedented case against activist short seller Bonitas
Agriculture 2020-02-12 10:55 pm By Cat Fredenburgh Melbourne

Australian agricultural fund manager Rural Funds Group has won its legal action alleging US short seller Bonitas Research engaged in misleading and deceptive conduct when it described the group’s equity as “ultimately worthless” and sent its share price plummeting.

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