An appeals court has questioned the financial forecasting that underpinned a $13 million award of damages to a former client of Maddocks in a suit over negligent legal advice that allegedly led to a botched sale and administration.
Appealing a $13 million damages judgment for negligent advice to a former client that allegedly led to a botched sale and administration, law firm Maddocks told a court Monday the business had “miniscule” chances of surviving even if the sale had been successful.
A court has handed CBRE indemnity costs for successfully defending a negligent land valuation lawsuit by defunct fund manager City Pacific after it had offered $600,000 to settle the case.
Pitcher Partners has filed a bid to transfer a $127 million lawsuit brought by the Twigg family alleging the accounting firm helped Max Twigg misappropriate $127.8 million in family trust money for himself.
Lawyers who were found to be negligent in drafting orders after a successful appeal in a corporate oppression case have to foot their own costs after incurring “wasted or unnecessary” fees, an appeals court has held.
Ernst & Young has settled all claims against it in a shareholder class action alleging the Big Four accounting firm and Pitcher Partners signed off on an overly rosy year-end financial report that failed to disclose risks and impairments associated with the law firm’s disastrous $1.2 billion acquisition of UK insurance claims company Quindell.
A judge has allowed three witnesses for HK Realway to give evidence by video link at an upcoming negligence trial against Thomson Geer, over protests from the firm, which said it would be inherently unfair.
The Twigg family has hit accounting firm Pitcher Partners with a lawsuit claiming it helped Max Twigg, race car driver and former owner of the Byron Bay Hotel, misappropriate $127.8 million in family trust money for himself.
A solicitor and former client is suing Corrs Chambers Westgarth for “very significant damages”, alleging breaches of multiple duties by the law firm in the course of protracted litigation.
Moray & Agnew is facing a lawsuit by a former client who says the firm breached its duties by making an unauthorised $3.3 million transfer while representing him on an investment in a Melbourne storage facility development.