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A shareholder class action that succeeded in the Full Federal Court has argued that Worley's appeal to the High Court should be rejected, saying that its proof regarding market-based causation was “overwhelming”.
An illegal online poker company, its director and a promoter of its service have been hit with a combined $24 million in penalties, with a judge doubling the penalty ACMA recommended against the promoter.
Engineering services firm Worley might win the High Court's leave to appeal its loss in a shareholder class action despite the justices delving into many of the same issues raised in cases against the Commonwealth Bank, experts tell Lawyerly.
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.