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The High Court will not review an appeals court's decision to approve a $64 million settlement in litigation over the failure of Banksia Securities while rejecting the funder's commission and legal fees.
A former senior lawyer at Slater & Gordon has filed a lawsuit against his old employer, claiming he was fired after complaining about allegedly unethical practices within the firm.
Actor Geoffrey Rush has been awarded almost $2.9 million in damages following his successful defamation case against Daily Telegraph publisher Nationwide News, as the court hears the newspaper ignored an offer to settle for $50,000 and an apology.
Parties in an ongoing four-and-a-half year long investor class action against Fitch Ratings have agreed to a second round of mediation after a prior attempt was adjourned without success.
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".
Maurice Blackburn's shareholder class action against AMP -- the only action not backed by a litigation funder -- has been picked as the winner in a fierce battle of law firms vying to lead a high stakes case over the wealth manager's fees for no service scandal.
A hearing scheduled for later this year in several class actions and an ACCC proceeding over allegations Volkswagen installed dual-mode software in diesel vehicles to cheat on emissions tests has been postponed, despite cries of prejudice from the consumer regulator.
One of two lead applicants in the settled Arasor shareholder class action has been denied leave to be heard over its $1 million personal expenses dispute with litigation funder International Litigation Partners after missing a filing deadline, with a judge calling its handling of the case "shambolic".
Accounting giant PricewaterhouseCoopers is resisting a notice to produce audit files in a consolidated shareholder class action over the collapse of education and training company Vocation, arguing its partners face a real risk of criminal and civil penalty proceedings and are entited to claim privilege against self-incrimination.
A ruling by a judge deciding a four-way contest to run a shareholder class action against AMP is expected this week, a judgment significant not just because it is the first time a court in Australia has been asked to choose among so many competing representative cases.