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Mining giants BHP and Rio Tinto have failed to declass group proceedings over alleged failures to protect female employees from discrimination, but a judge struck out victimisation and sexual assault claims.
Light & Wonder has hit back at a securities class action over disclosures about the theft of Aristocrat's trade secrets, denying that its 2025 $1.4 billion forecast depended on its Dragon Train poker game which misappropriated its rival's IP.
A judge has questioned how a law firm arrived at a proposed GCO rate of 35 per cent in a shareholder class action against Light & Wonder and wants more data to support the application, which the game maker said was based on "impressionistic" evidence.
The law firm behind a shareholder class action against poker machine company Light & Wonder is calling for a contingency fee on the high end of group costs orders issued to date.
A potential issue has arisen in a shareholder class action against Light & Wonder over an employee's theft of rival Aristocrat's trade secrets, with the court hearing the gaming company's $190 million settlement with Aristocrat requires it to destroy documents that could be relevant to the case.
Challenging the first win for shareholders in a class action, logistics company Brambles says a trial judge erred in his findings on liability as well as loss.
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.
Logistics company Brambles has lost its bid to pause costs orders while it prepares an appeal of the first post-trial win for a shareholder class action, while also flagging a bid to stay determination of group member claims.
After handing down the first post-trial win for a shareholder class action on damages, a judge has assessed the figure owing the lead applicants, and made orders for a lump sum assessment of costs, which he estimated at $20 million.
Before the decision in the Brambles case this week -- the first shareholder class action to succeed at trial -- the path to proving loss from disclosure breaches was a thicket of, well, brambles. Now after six consecutive losses, Justice Bernard Murphy has paved the way for plaintiffs to prevail.