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Court approves Sev.en-funded recapitalisation of Callide power station
The owner of the Callide power station in Queensland, IG Power, has won court approval for a recapitalisation that will see major shareholder Sev.en inject millions to cover its debts.
‘Confusing’ group definition struck out in Mercedes-Benz class action
A judge has struck out a circular and confusing group definition in an emissions cheat class action against Mercedes-Benz, but has given the class action the chance to replead.
Judge calls out ‘ambiguities and circularities’ in Mercedes-Benz class action
Mercedes-Benz has taken aim at an amended group definition in a class action over alleged defeat devices designed to cheat emissions testing, with a judge agreeing that it contains "ambiguities and circularities".
S&P fails in bid for all class action expert evidence to be thrown out
Ahead of an eight-week trial in an investor class action in July, ratings agency S&P has lost its bid to throw out the entirety of the expert evidence in the case.
Sacked ANZ trader largely loses bid to amend case after 11 iterations
A former ANZ trader who was allegedly axed after complaining about manipulation of the bank bill swap rate has largely lost his application to amend his case.
IC Markets CEO hit with guillotine orders for filing defence
A judge has set a final deadline for the CEO of International Capital Markets to file his defence in a class action over risky contracts for difference.
Boral wins challenge to CEO cross-examination in class actions
Boral has won a legal challenge to its former CEO facing cross-examination in a shareholder class action trial over an email referring to a confidential EY report. 
Second judge has rosier view of claims in class action over $85M development
The judge overseeing a class action over the $85 million sale of a Sydney development has expressed a more favourable view of the plaintiffs’ claims than a judge who denied them an interim injunction.
S&P entitled to Rolls-Royce defence in CDO class action: court
S&P is free to pay for a Rolls-Royce defence in "Rolls-Royce litigation" that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.
Richard Pratt’s daughter gets second shot at slice of family fortune
A daughter of the late Visy tycoon Richard Pratt has won another shot at a piece of the multi-billion-dollar family fortune.