The liquidator of collapsed app-development firm Appster has filed examination proceedings against the company’s founders and auditor ahead of possible legal action for allegedy trading while insolvent.
Two former directors of defunct Gold Coast asset manager Avestra are facing a lawsuit from the company’s liquidators seeking to recover $6 million in alleged losses by three of the company’s managed investment schemes.
Russells Lawyers has withdrawn a cross claim against a restructuring and insolvency solicitor who filed a lawsuit alleging the firm tried to manufacture a reason for terminating his employment.
A judge has sentenced the founder of defunct whitegoods distributor Kleenmaid to nine years in prison for his role in a $13 million fraud against Westpac, saying it would be “obnoxious and naive” to consider his crimes victimless.
Two shareholder class actions against failed electronics retailer Dick Smith will head to trial in March, after a failed attempt to resolve the long-running dispute in mediation.
A leading class action and insolvency litigator at Squire Patton Boggs is leaving the firm to launch a boutique outfit with plans to shake up the legal industry, including by bringing class actions on a contingency fee basis.
A last ditch effort to resolve a case brought by a restructuring and insolvency solicitor against Russells Lawyers over his dismissal has failed and the dispute will head to trial this year, more than three years after he was sacked.
Struggling mining firm Griffin Coal has been denied access to documents while defending a consumer law case brought by the liquidators of a collapsed mining services firm.
The head of failed global music streamer Guvera has been banned by the corporate regulator from managing corporations for two years for failing to avoid conflicts of interest or pay the company’s taxes.
A Federal Court judge has given the receivers for Harris Scarfe four more months to find buyers for 39 of the struggling department store chain’s retail outfits, as they look to prevent the company from being wound up.