A four-way fight to lead a shareholder class action against Star Entertainment could be on the cards after a fourth law firm filed a representative proceeding alleging the company’s share price plummeted following revelations of alleged money-laundering breaches.
Nuix has defeated a lawsuit by ex-CEO Edward Sheehy alleging he was owed $183 million in options under a 2008 agreement, with a judge finding the options could only be exercised if the company was sold.
Star Entertainment is facing a third shareholder class action alleging it failed to disclose material information about its compliance with anti-money laundering and counter-terrorism financing regulations, after being slapped with $200 million in fines by state gambling regulators.
Westpac has told a court that it is “inconceivable” that Forum Finance directors Bill Papas and Vince Tesoriero and funded their lavish lifestyles legitimately, as trial kicked off in the bank’s $400 million fraud case against the Forum companies.
The Australian Securities and Investments Commission has hit back at a defamation suit by Mayfair 101 founder James Mawhinney over a media release, saying it doesn’t meet the new ‘serious harm’ threshold for defamation matters.
The widow of mining executive Ken Talbot has lost a case alleging law firms Arnold Bloch Leibler and Boyd Legal mishandled her late husband’s estate after a judge found she had a “stated intention to destroy” the estate lawyer.
A former McDonald’s franchisee has lost his challenge to a privilege claim by the fast food giant in his lawsuit alleging he was wrongly dropped after questioning his neighbour’s Indigenous identity in a 2019 viral video recording an altercation over an Aboriginal flag.
A class action against a Victorian aged care home over alleged major failures during the first wave of the COVID-19 pandemic has asked the facility to hand over insurance information and evidence of its financial position.
Law firm Atanaskovic Hartnell and founding partner John Atanaskovic have been ordered to pay penalties of $184,680 to a former general manager, on top of a previous $160,000 judgment for engaging in what a judge said was a campaign to “abuse, belittle and victimise” the woman.
The applicant in a Shine Lawyers-run class action against Boston Scientific over alleged defective pelvic mesh wants to switch legal representation, taking her business to Shine’s former class actions head, who recently parted ways with the firm to launch her own boutique.