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Engineering services firm Worley has taken last month's landmark loss in a shareholder class action to the High Court, challenging the Full Federal Court's embrace of market-based causation and its adoption of the facilitation principle.
An appeals court has overturned a finding that Racing NSW was not entitled to appoint administrators to the owners of Sydney’s Randwick Racecourse.
With two historic court wins for shareholders, 2026 is shaping up to be a momentous year for securities class actions, with lawyers expecting a resurgence of cases and a renewed eagerness for the negotiating table.
A shareholder class action against engineering services firm Worley has prevailed after a hard-fought battle over damages, in a major decision following two trips to the Full Federal Court.
A court has found that Racing NSW's appointment of an administrator to the owner of Sydney's Randwick Racecourse over financial concerns was invalid.
The owner of Sydney’s Randwick Racecourse has won its bid for a stay on the appointment of an administrator by regulator Racing NSW, which has raised concerns about a “material uncertainty” in the club’s accounts.
A group costs order giving class action solicitors a percentage cut of the proceeds of a case is a factor in weighing whether proceedings should be transferred from Victoria to a state in which such an order could not operate, the High Court has ruled.
Are group costs orders a factor in deciding a bid to transfer a class action? Can the orders survive the move to an inhospitable state? These questions are to be decided by the High Court Wednesday, in a ruling that will clarify the relevance and reach of Victoria's contingency fee regime.
In submissions to the High Court, the applicant in a class action brought on behalf of Arrium shareholders against KMPG has attacked the Attorney-General’s argument that a contingency fee order is a neutral factor in assessing the accounting firm’s bid to move the case from Victoria.
Counsel for Worley in a nine-year-old shareholder class action that is set for another Full Court appeal has foreshadowed a possible recusal application against the judges who heard the first appeal.