Most Recent
A judge has ruled that building materials giant Boral breached its continuous disclosure obligations, in a win for a class action, but will wait on the High Court's ruling in cases against CBA before deciding whether shareholders have established damages.
The Australian Taxation Office is appealing a win for gold producer Evolution Mining after an initial trial over the company's purported decision to cancel the transfer of $31 million in post-acquisiton losses.
Gold producer Evolution Mining has won an initial trial against the Australian Tax Office over a purported decision to cancel the transfer of $31 million in tax losses after it acquired Conquest.
A judge has expressed shock that only 2,000 documents have been produced in a class action against Tesla over self-driving cars and threatened the Elon Musk-run car maker with a "a seriously bad time" if he finds the discovery is lacking.
A judge has ordered the administrator for two class actions over PFAS contamination that settled for $153 million to pay the leftover funds to group members rather than to charities, saying it was not appropriate “to go around making donations”.
In a major loss for the Australian Taxation Office, a High Court majority has found an agreement between US soft drink giant PepsiCo and Schweppes Australia to sell brands such as Pepsi and Mountain Dew in Australia was not subject to a royalty withholding tax.
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.
The funder that backed a failed shareholder class action against an ex-Quintis director and EY is fighting a bid for a third-party costs order, arguing such orders shouldn't be imposed on funders where there is no doubt they will pay up.
Although finding the former director of Quintis and its auditor, EY, engaged in misleading and deceptive conduct, a judge has dimissed a class action by the sandalwood producer's shareholders.
Class action settlements leaped in value last year, with three settlements topping the $200 million mark.