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Palmer to pay McGowan’s costs of defamation row after ignoring settlement offer
Barry Dean 2022-08-11 11:44 pm By Cindy Cameronne Sydney

WA premier Mark McGowan has won the legal costs of running his defamation cross-claim against businessman Clive Palmer after a judge learned McGowan made a walk-away settlement offer in December last year.

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Ex-Fuji Xerox execs settle suit over $450M accounting scandal
Accounting 2022-08-11 11:42 pm By Cat Fredenburgh

Two former executives at Fuji Xerox’s Australian unit have settled a lawsuit over their roles in a $450 million accounting scandal that has also ensnared auditor Ernst & Young.

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Law firm dodges personal costs order in client’s case alleging negligence
Construction 2022-08-11 11:30 pm By Sam Matthews Melbourne

A judge has rejected a $225,000 personal costs order sought against a Sydney-based law firm by a homeowner in a beef with a builder, over what the homeowner claimed was a “woefully prepared” case in the NSW District Court.

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‘Not how litigation works now’: Class action over Quintis audit fights EY’s bid to silo expert
Accounting 2022-08-11 11:26 pm By Cindy Cameronne Sydney

A shareholder class action against Ernst & Young over its alleged inflation of assets owned by sandalwood producer Quintis has argued the accounting firm should be allowed only one expert witness, who should collaborate with a competing expert chosen by the investors.

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Trial judge in Brambles class action questions long-term financial forecasts
Allens 2022-08-10 11:50 pm By Sam Matthews Melbourne

A judge overseeing the trial in a shareholder class action against chain logistics company Brambles has questioned the company’s use of long-term financial forecasts.

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Globaltech’s mining survey patent faces second challenge
Adrian Ryan 2022-08-10 10:58 pm By Cat Fredenburgh

A Globaltech patent for mining survey tools is facing another test, with rival technology company Reflex Technologies lodging an appeal after its invalidity challenge flopped.

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Mercedes ‘laid open’ its legal advice in $650M dealer lawsuit, court told
Automotive 2022-08-10 10:02 pm By Cindy Cameronne Sydney

Car dealers bringing a $650 million lawsuit against Mercedes over its decision to move to a fixed-price agency model are seeking to access legal advice given to the car manufacturer on non-renewal notices at the heart of the case.

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IAG agent at heart of controversial Greensill funding wins more time for defence
Ashurst 2022-08-10 2:09 pm By Cindy Cameronne Sydney

Fired underwriter Greg Brereton has been granted an extension to respond to lawsuits targeting Insurance Australia Group over trade credit policies covering $4.6 billion in loans issued by collapsed Greensill Capital. 

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Australian Mines cops $450,000 penalty for lying about funding for $500M project
ASIC 2022-08-10 1:27 pm By Cat Fredenburgh

Australian Mines has agreed to pay a $450,000 penalty to settle proceedings brought by ASIC after its managing director was allegedly caught lying at an investment conference about the value of an offtake agreement and funding for a project at its cobalt and nickel mine in Queensland.

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Mystery funder in WestConnex class action can’t escape security for costs
Appeals 2022-08-10 1:13 pm By Sam Matthews Melbourne

An appeals court has rejected a bid to challenge a decision forcing an unnamed litigation funder to give $415,000 in security for the NSW government’s defence costs in a class action alleging the fraudulent acquisition of land for the construction of the $16 billion WestConnex tunnel.

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