Building materials company James Hardie may face scrutiny by class action law firms after a profit-drop announcement saw its ASX share price plummet.
Under investigation by US class action firms for a stock price crash that followed last week’s announcement of a profit drop, Australian building materials giant James Hardie may also face the glare of homegrown law firms.
Aviation company Corporate Air Charter has exhausted its avenues of appeal in a case over pay for pilots on stand-by duty.
A judge has cut a 35 per cent contingency fee sought by a law firm running a shareholder class action against Origin Energy, even after a different judge approved the rate in a separate case by the firm.
A judge has signed off on Macquarie Leasing’s settlement in one of three class actions against lenders over flexible commissions paid to car dealers.
A court has rejected a bid by a Hazelwood power plant contractor to pursue an offsetting claim for an alleged breach of confidentiality in response to a $1.7 million demand from a subcontractor.
The applicant in an employment class action against The Reject Shop is appealing a court decision that found it could amend the case and redefine the group members but not retroactively.
Another solicitor has been reported by a court to the legal watchdog and personally socked with costs for citing non-existent authorities generated by an artificial intelligence program.
Transgrid contractor Elecnor is seeking to appeal a ruling that found it unlawfully denied the Electrical Trades Union access to 47 migrant workers on Australia’s largest transmission project.
The corporate regulator should not be immune from the risk of special costs for actions doomed to fail, says a judge who flayed ASIC last month for bringing a case against TerraCom directors it should have known was a dud.