A judge has found that a case brought by the liquidators of investment firm Linchpin Capital against auditors Grant Thornton and Moore Stephens for signing off on the compliance plan for a registered fund that allegedly misused investor money has legs.
A class action against AGL Energy alleges the Big three energy supplier’s adoption of “gaming” strategies in the supply of electricity in South Australia led to anomalous price spikes in the state.
Sacked climate skeptic professor Peter Ridd brought his case challenging his dismissal by James Cook University to the High Court on Wednesday, with a lawyer for Ridd telling the justices that his sacking was unlawful because intellectual freedom was a “foundational’ principle that could not be subordinated to the university’s code of conduct.
The Australian Law Reform Commission has suggested judges should transfer applications for their own disqualification to a separate duty judge to decide, after hearing concerns about how the “bias blind spot” may operate in the existing self-disqualification procedure.
A unit of telecommunications contractor Tandem has lost an appeal in its fight over the validity of a sham contracting class action by technicians alleging they were misclassified as contractors and wrongly denied benefits.
A former executive of engineering giant Bechtel will be allowed to deduct over $11.8 million in share losses from his taxable income after successfully challenging a ruling to the Full Federal Court, in a decision that clarifies taxation law for income and capital regarding asset trades.
Shareholders of collapsed music streaming platform Guvera have filed a class action against an accounting firm seeking to recoup their losses for the firm’s alleged negligence in promoting an investment opportunity in the failed tech company.
A law firm bringing the second of two cases by franchisees against Domino’s Pizza is weighing a possible class action against the fast food giant.
Private construction company Hutchinson Builders has resolved a lawsuit it brought against the Australian Competition and Consumer Commission seeking to quash what it called an invalid notice to produce documents to the regulator, which has vowed to bring cases against the construction industry this year.
Competing class actions that drag out proceedings can have devastating effects on group members, and whether funded class actions provide genuine access to justice, not just “access to the court’s processes”, was a legitimate question, the head of the Australian Law Reform Commission said Wednesday.