Stuart Donaldson

A former partner expelled from HWL Ebsworth has been awarded $450,000 in damages after the NSW Supreme Court found the reasons for the termination were “irrational and wrong”.

A court has dismissed a long-running case against defunct Babcock & Brown executives by a private investment fund over a botched $1.4B acquisition of the biggest laundry equipment provider in the US, saying the executives did not breach their duties by failing to disclose that the bank underwriting the deal allegedly wanted out.