Events

A shareholder class action against Nuix and underwriter Macquarie over the software company's float on the ASX has trimmed its case against the company's former chairman the third week into trial. 

The plaintiff in a class action on behalf of Sydney homeowners who allege their homes are sinking into the ground has flagged a potential fight over the funder’s cut and legal fees to be deducted from an $18 million settlement.

The funder that bankrolled a settled shareholder class action against directors of collapsed mining company CuDeco and KPMG may face a haircut to its proposed 35 per cent commission after a contradictor was appointed to scrutinise the reasonableness of the rate.

A judge has knocked back a class action’s bid to revise its claims against KPMG and former Arrium directors mid-trial, saying the amendments made for a "vastly different" case.

A second shareholder class action has been launched against James Hardie over the building materials company's market disclosures, setting up a contest between two class action plaintiff heavyweights.

A former Macquarie director has given evidence that it would have been "prudent" for Nuix to have reduced its sales forecast, as a shareholder class action hearing over the software company's float on the ASX enters its third week.

The ATO has lost its appeal of a ruling that put it on the hook for $35 million after a judge found it received millions misappropriated by a former Kupang Resources director in order to satisfy a tax debt against him. 

HWL Ebsworth has lost its bid to summarily dismiss a former partner’s case alleging the firm unlawfully discriminated against him on the basis of age when it expelled him from the partnership.

The former majority owner of NY-based Infrastructure Capital Holdings has won its bid for documents ahead of mediation in a suit alleging Foresight Group Holdings undervalued the company's investments in Kinetic and Zenith Energy, which sold for a combined $5.7 billion last year.

M Resources Trading has won its challenge to a decision setting aside a $1.07 million statutory demand it issued to defunct mining company Australian Pacific Coal, with an appeals court finding there was no genuine dispute over the debt.