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The trustee of Mayfair Group's collapsed IPO Wealth Fund has denied claims in a class action that it misled investors who lost $86 million when the fund was wound up, and says it is fully indemnified for the class action's claims under an agreement with the fund.
A judge has questioned why ASIC is still pursuing its case CBA unit Colonial First State over statements made to 12,000 fund managers during the transition to MySuper accounts, after the bank admitted it misled members in 61 of the 80 phone calls at the heart of the case.
Crown Resorts is facing the first ever oppressive conduct claims in a shareholder class action which alleges the casino giant had lax anti-money laundering compliance systems in place over a six-year period, a judge has heard.
Lawyerly's Litigation Firms of 2020 delivered significant victories for clients last year in bet-the-company matters, thriving in a tumultuous year that saw courts and litigants adapt to virtual trials and other new norms that are sure to outlast the COVID-19 pandemic.
BHP Group Ltd has appealed a ruling allowing foreign group members to be part of a shareholder class action against the mining giant over the Fundao dam failure in Brazil five years ago.
ASIC will not appeal a Federal Court decision tossing the majority of its case against former Tennis Australia director Harold Mitchell and accusing the regulator of "confirmatory bias" in bringing the case, but has foreshadowed fresh claims related to allegedly inconsistent statements given during its investigation.
Mining giant BHP has lost a fight to keep foreign group members out of a shareholder class action over the Fundao dam failure in Brazil five years ago.
The Federal Court has ordered former Tennis Australia director Harold Mitchell to pay a $90,000 penalty after a "narrow" win for ASIC in its case over the domestic broadcast rights to the Australian Open.
Mining giant BHP is seeking to have foreign group members shut out of a shareholder class action over the Fundao dam failure in Brazil five years ago.
A judge has handed ASIC a "narrow" win in its action against former Tennis Australia director Harold Mitchell, tossing most of the regulator's case and accusing it of "confirmatory bias".