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ASIC’s penalty against Squirrel Super ‘might be a bit light on’, court says
A judge has questioned the $55,000 penalty jointly proposed by the parties in ASIC’s case against fintech company Squirrel Super over misleading statements about returns on property statements, saying it “might be a bit light on.”
Insurer denies policy covered ‘excessive’ $3.7M Moray & Agnew settlement
A Lloyd's syndicate has hit back at a lawsuit by Moray & Agnew, saying it did not have to cover part of a $3.7 million settlement between the law firm and a Melbourne property developer because the amount agreed to was "excessive".
Another Canberra developer hit with class action over GST payments
The Canberra developer behind the Manhattan on the Park apartment building in the national capital has been hit with a class action on behalf of home buyers who were allegedly misled into paying GST on the price of their property.
HWL Ebsworth says missing clause couldn’t have led to client’s $130M loss
HWL Ebsworth has told a judge the law firm's omission of a mutual debt liability clause in a joint venture contract could not have led former client Dairycorp to lose a $130 million opportunity to develop land northwest of Sydney.
HWL Ebsworth overlooked ‘obvious red flags’ in joint venture contract, trial told
HWL Ebsworth's clients suffered a staggering $130 million loss when the law firm's solicitors failed to notice “obvious red flags” in a joint venture contract for an ambitious Sydney-based land development, a court has heard.
Law firm accused of giving bad tax advice on $3B Wyndham Vale development
Melbourne farmers-turned-developers the Bozzo family have sued a national law firm for allegedly giving bad tax advice on the $3 billion Wyndham Vale development in Melbourne's west, situated on 482 hectares of land the family purchased in 1994.
Macpherson Kelley faces trial over botched lease that gave Shell extra land
Macpherson Kelley is headed for trial next week in a case that alleges the law firm bungled the execution of a 10-year lease agreement with Shell for a service station in Melbourne, giving the energy giant an extra 320 square metres equating to $2.5 million in lost rent for its landlord client.
Law firm sues Lloyd’s syndicate over coverage for $3.7M settlement
One of Australia's largest law firms has taken its insurer to court for failing to cover part of a $3.7 million settlement of a claim stemming from the sale of apartments at a $105 million South Yarra complex developed by millionaire Harry Stamoulis.
Insurer Vero may be dragged into combustible cladding class action
The applicant in a class action against Fairview Architectural over allegedly combustible cladding is add insurer Vero Insurance as a respondent, after revealing the cladding manufacturer may have $190 million in insurance to cover the class action's claims.