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Mayne denies continuous disclosure breaches in feud with Cosette
M&A 2025-08-06 11:46 pm By Cat Fredenburgh

Mayne Pharma has denied US drug maker Cosette’s claims it breached its continuous disclosure obligations in relation to US FDA concerns about marketing for its Nextstellis contraceptive, as the drug makers spar over their $672 million merger.

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Mayne Pharma may face disclosure breach claim over $672M merger collapse
M&A 2025-08-04 11:40 pm By Andy Sidler

A court has heard US drug maker Cosette may amend its case to accuse Adelaide’s Mayne Pharma of continuous disclosure breaches in their battle over the termination of their $672 million merger.

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Lendlease attacks class action’s ‘back door’ damages case
Class Actions 2025-08-01 11:04 pm By Andy Sidler

With evidence finally in after six years, Lendlease has asked a court to reject a portion of a shareholder class action’s expert reply evidence, arguing it unfairly introduces a new and unforeseen loss methodology.

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Appeal filed in failed class action against ex-CBA unit Count Financial
Class Actions 2025-06-30 11:40 pm By Cat Fredenburgh

Another failed class action is headed to the Full Court, with a case against ex-CBA unit Count Financial appealing a ruling that found advisors did not breach their duty to act in their clients’ best interest.

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Judge tosses financial advice class action against ex-CBA unit
Class Actions 2025-05-27 11:49 pm By Cindy Cameronne

A judge has dismissed a class action against ex-CBA unit Count Financial alleging that it breached it duty to act in clients’ best interests and ensure adviser remuneration was free of conflict. 

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No loss proven in CBA cases, but all is not lost for shareholder class actions
Analysis 2025-05-16 11:01 pm By Christine Caulfield

In explaining where CBA shareholders went wrong in proving damages from the bank’s omissions over an AUSTRAC probe, the Full Federal Court has given class action plaintiffs the clearest indication yet of how they might win.

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Class action over risky CFDs wins access to customer screening data
Class Actions 2025-05-12 11:06 pm By Andy Sidler

A class action against CMC Markets has won access to data thought to reveal that approximately 2,500 customers who failed screening tests for risky financial products were nevertheless permitted to trade. 

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Lack of proof in CBA class actions can’t be ‘laid at bank’s feet’: appeals court
Class Actions 2025-05-08 11:34 pm By Cindy Cameronne

The failure of two class actions to prove loss linked to the Commonwealth Bank’s disclosure breaches was not the fault of the bank, an appeals court has held in dealing the latest blow to shareholder group proceedings. 

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Judges have power to make soft class closure orders, High Court says
Class Actions 2025-05-07 10:54 am By Cindy Cameronne

Resolving a split between courts, the High Court has confirmed that judges have power to make soft class closure orders, which require class action members to register before mediation to participate in any resulting settlement.

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$43M class action settlement fair in light of Noumi’s financial position, court told
Class Actions 2025-04-22 11:42 pm By Andy Sidler

A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company’s financial position, a court has heard.

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