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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.
Nuix's former boss Rod Vawdrey was almost ousted in 2019, a trial court heard Thursday, with a shareholder class action pointing to a board paper that referred to the software firm's “toxic, no-trust, fear-based culture”.
Arrium's former directors and auditor KPMG have lost a challenge to a key report relied on by shareholders in a class action over the collapsed steelmaker that says the company overstated the value of its assets.
Construction PRO
The chair of Dexus told a parliamentary inquiry Friday that this initial reaction to an Allens report into a whistleblower’s allegations about ethical failures at KPMG was “why didn’t you come and talk to us?”.
X Corp has won a dispute with the eSafety Commissioner, with a judge finding it is is not required to comply with a new online safety standard for messaging apps because it already follows rules for social media companies.
Construction PRO
The federal and NSW governments have committed $2.5 billion to save Rio Tinto's Tomago Aluminium smelter in the Hunter region.
Macquarie Group chairman Glenn Stevens will face the latest parliamentary joint committee hearing Friday into KPMG ethic's scandal, joining executives from Westpac, Optus and Dexus.
A class action over the collapse of Arrium is bound to its pleading that the asset value of all the steelmaker's business units was impaired by a total of $2.8 billion, a judge has ruled in the second week of trial.
Slater & Gordon should pay $6.5 million in security in a shareholder class action against Star, the casino giant says, citing concerns about the law firm’s ability to foot its costs if the case fails.
Pizza chain Domino's has confirmed that it will appeal a judge's finding that it misled franchisees on the pay its workers were entitled to, leaving them shortchanged.