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Logistics company Brambles has followed through on plans to challenge its landmark loss in a shareholder class action, setting the stage for further appellate court guidance in securities cases, which once routinely settled.
ASIC has won its case alleging Regional Express failed to correct an optimistic forecast before it entered administration last year, but failed to prove the company's optimism conveyed a "likelihood" or that three non-executive directors had actual knowledge of the collapsed budget airline's declining business.
A judge has ordered soft class closure in a class action by Queensland police officers and staff over the COVID-19 vaccine, forcing group members to register for the case ahead of settlement talks.
A judge has found that ASIC's case against WA gold mining company Wiluna over alleged omissions in a 2022 ASX announcement should await the determination of related cases against two executives, citing the risk of inconsistent findings.
Online retail giant Amazon has been ordered to reinstate an employee after the Fair Work Commission found remarks he made leading to his dismissal were “smart-arse” but did not constitute harassment or discrimination.
Construction PRO
Baggage handling company Alstef Australia has had a partial win in its quest to stop the Brisbane Airport Corporation from calling on $13.4 million in bank guarantees.
Construction PRO
Domain has sued News Corp-owned rival REA Group over alleged misleading claims that it attracts the buyer for nine in 10 sold homes listed on the platform.
A judge has signed off on an agreed $10.3 million penalty against Mercer Super for failing to inform ASIC about investigations into serious issues, after the judge requested more information on how the penalty had been arrived at.
Construction PRO
Linx Constructions has been ordered to pay contractor Jonishan’s nearly $1 million payment claim, with a judge refusing to stay the determination in light of a defects claim seeking "substantial damages".
A shareholder class action against former directors of collapsed mining company CuDeco has settled on the eve of trial, a year after KPMG reached a settlement.