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An upcoming trial in a long-running legal stoush between a patent lawyer and the inventor of a energy efficient surf machine over the rights to the invention has been vacated after a judge found the company the rights were assigned to has not provided satisfactory discovery.
A judge has found that auditor Ernst & Young cannot rely on the privilege against self-incrimination in a lawsuit brought over its audits of failed financial services firm LM Investment Management.
Ernst & Young, which is facing a lawsuit brought by the receiver of a fund overseen by failed financial services firm LM Investment Management, has lost its bid to file a claim for damages against LMIM, with a judge saying the auditor's case was "flawed" and "counterintuitive".
A Queensland Supreme Court judge has given the green light for a $30 million settlement of a liquidator's case against failed financial services firm LM Investment Management, saying the result was appropriate and "a matter of some public interest".