Deloitte has lost its appeal of a ruling in a shareholder class action over the collapse of Hastie Group that compelled the production of audit files taken by a partner from the accounting giant’s litigation room, in a ruling that described the actions of the partner as “bordering on contempt” and slammed Deloitte for “cynically” exploiting the situation.
Baker McKenzie has nabbed former King & Wood Mallesons special counsel Charlie Detmold for the law firm’s key banking and finance practice in Melbourne.
With Victoria set to pass legislation permitting law firms to charge contingency fees, experts have raised fears of an exodus of class actions from other states and the federal system. But the Federal Court, which hears about two-thirds of Australia’s representative proceedings, is not likely to surrender easily.
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.
Clyde & Co has snagged three insurance partners from Norton Rose Fulbright, as the global firm continues to expand in Australia.
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.
US litigation powerhouse Quinn Emanuel has lured a leading patent attorney from Allens to grow its Sydney office.
Lawyerly’s Litigation Firms of 2019 racked up multiple wins last year in high-stakes litigation against formidable opponents, including the country’s top regulators.
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.
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