The son of the lawyer behind the Banksia Securities class action has effectively abandoned his appeal of a court judgment that found he knowingly and actively assisted his father in a fraudulent scheme to pocket almost $20 million in inflated fees and commission.
A judge has found a law firm’s estimated fees for representing the Commonwealth in a class action over the use of allegedly toxic firefighting foam on military bases are excessive, noting the government has already forked over $12 million in defence costs.
Two Sydney lawyers have lost an application to set aside bankruptcy notices filed by their insurer claiming over $300,000 in legal costs, after a judge rejected their arguments about an “overarching conspiracy” in the case.
A judge has grilled the former general counsel of defunct logistics company GetSwift about why he did not confront the company’s directors for “bullying” other executives when they raised concerns about alleged continuous disclosure breaches.
Stock broker Fortrend Securities has filed a suit alleging wealth manager Shaw & Partners sent unsolicited welcome letters to clients as part of a scheme involving two former advisors.
Japanese bank SMBC has foreshadowed an application to add claims against Humm Group after the fintech’s subsidiary allegedly misled the bank about receivables under contracts forged by a Forum Group entity.
The publisher of the Herald Sun has won a bid to include the drug-related arrest of a prominent Melbourne lawyer in its “bad reputation” defence to the solicitor’s defamation action.
The ACCC’s rejection of a regional network arrangement between Telstra and TPG was “confusing” and the telecos might be free to vary the transaction, says a judge who is overseeing a challenge to the competition regulator’s decision.
Fox News CEO Lachlan Murdoch has cited the “editorial interference” of Private Media chairman Eric Beecher and CEO Will Hayward in a successful bid to join them as defendants in his defamation case against the Crikey publisher over an article in June last year.
Two former directors of the Australian unit of BCEG have lost their “urgent” bid to vary freezing orders after a judge found they swindled millions from the company to fund their own developments and buy a luxury apartment.