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Cryptocurrency class action faces knockout bid

The issuer of Gold Coast-based cryptocurrency Qoin has asked a court to throw out a class action alleging breaches of the ASIC Act and Australian Consumer Law in relation to the issue of the utility coin. 

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TerraCom can’t keep PwC report from ASIC investigators

Mining company TerraCom has lost a case seeking to shield a report by PricewaterhouseCoopers from the Australian Securities and Investments Commission, which is investigating claims current and former executives falsified coal quality results.

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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.

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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.

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$2.5M in damages sought in ‘Love Is In The Air’ copyright suit

The holder of the licence for ‘Love Is In The Air’ is seeking $2.5 million in damages from Oregon electronic music duo Glass Candy for infringing the copyright for the 1970s disco hit, despite a judge dismissing most claims for damages against the pair.

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HWL Ebsworth’s boss can’t slug former partner with costs in case over failed IPO

Managing partner of HWL Ebsworth Juan Martinez has lost his bid for an order for costs against a former capital partner in a $4.4 million suit after the partner unsuccessfully sought to have the law firm boss named as representative defendant.

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Kazal brothers hit with $1.5M judgment for ‘vendetta’ against ex-business partner

A judge has hit brothers Adam and Charif Kazal with $1.45 million in damages in a defamation lawsuit brought by their former business partner Rodric David and his company, finding the Kazals vilified and denigrated David as part of a ‘vendetta’.

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Deloitte report on Mercedes-Benz fixed-price model was ‘spin’, court hears

Australian Mercedes-Benz dealers behind a $650 million lawsuit over the car maker’s decision to move to a fixed-price agency model allege the car maker engaged Deloitte as a consultant so it could “spin” its real reasons for making the change.

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Salter Brothers investment in advisory firm Hendry Group ‘worthless’, court hears

Salter Brothers’ multmillion dollar investment in advisory firm Hendry Group is worthless, a court has been told in the fund manager’s case alleging it was the victim of miseleading representations.

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Reckitt-Benckiser asks High Court to overturn decision on Maxigesic ads

Consumer goods giant Reckitt-Benckiser is seeking special leave from the High Court to challenge a Full Court judgment that overturned a finding that AFT Pharmaceuticals ads’ for its painkiller Maxigesic were misleading.

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