Amelia Smith

A class action is challenging the Federal Court's post-trial ruling for Alucobond panel maker 3A Composites and supplier Halifax Vogel.

A class action by the owners of a residential Sydney building is challenging a ruling for Alucobond panel maker 3A Composites and supplier Halifax Vogel, which found developers were responsible for ensuring the cladding's safety.

CMC Markets wants a class action to fork over $8.6 million more in security after substantially amending its case, which alleges the financial services firm issued complex, risky derivatives that were not appropriate for retail investors.

An ASX statement from budget airline Rex that was optimistic about its 2023 profit prospects should have been corrected by April, ASIC has told a judge, disputing claims that the statement was not a forecast but merely an expression of what the board hoped for. 

ASIC has wrapped up its case against regional airline Rex without evidence from its former executive chairman, who reversed course this week and admitted he misled investors and breached his directors duties.

The former executive chairman at regional airline Rex has admitted ASIC’s claims that he misled investors about the company’s position and breached his directors duties and may give evidence for the corporate watchdog, a court has heard. 

Four directors of regional airline Rex are set to decide this week whether they will remain silent in the face of allegations by the corporate regulator that they misled investors about the company’s financial position. 

A class action that failed to prove 3A Composites and Halifax Vogel misled consumers about alleged flammable Alucobond cladding wants to notify group members they may be able to bring claims in Germany.

A class action has failed to prove that Alucobond panel manufacturer 3A Composites and supplier Halifax Vogel misled consumers about the allegedly flammable cladding and breached consumer guarantees. 

A class action has failed to prove 3A Composites and Halifax Vogel misled consumers about alleged flammable Alucobond cladding, with a judge finding developers and others were responsible for ensuring the product was safely used.