Cat Fredenburgh

Gaming company Light & Wonder has been hit with a securities class action over disclosures about its Dragon Train poker game, after an employee's theft of rival Aristocrat's trade secrets led to litigation that settled for $190 million.

Tabcorp wants the High Court to overturn a ruling that found it was not entitled to a $1.49 million tax deduction for loss when a licence with the state of Victoria expired in 2012.

Dexus has secured more than $600 million in new capital investments for its flagship fund, including $500 million from a first-time superannuation investor in the fund. 

Despite its loss in a class action against Queensland power companies, which has put it on the hook for $32 million in costs, funder LCM has avoided calls for cash security in a representative proceeding over toll road charges.

Ampol has offered to divest 41 sites to win ACCC approval for its $1.1 billion acquisition of EG Australia, after the regulator started a phase two review into the tie-up.

ASX-listed data centre operator NextDC has raised $750 million from a subordinated wholesale notes offer, bringing its cash pile to $6.6 billion.

ASIC has imposed its tenth ban on an adviser for directing clients to invest their super in the Shield and First Guardian Master Funds.

An appeals court has upheld a finding that Tasmanian Ports had a right to kick wood pellets manufacturer Resources Australasia off leased property after it erected an awning structure without permission. 

A second law firm has launched a shareholder class action investigation into James Hardie's alleged inadequate disclosures about troubles in its North American fiber cement unit in a market guidance for the 2026 financial year.

Engineering firm Monadelphous has lost a bid to suspend $3.3 million in adjudication judgments secured by contractor Aaro Group in a dispute over works at BHP's Eastern Ridge mine.