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‘Worse than terrible’: Class action tells trial Nuix IPO should not have gone ahead
A shareholder class action against Nuix has argued that its IPO should never have gone ahead, taking the court to email exchanges about its history of disappointing results, which the tech company's former CFO called "worse than terrible".
‘Systemic overoptimism’ left $2B impairment off Arrium books, court told
A shareholder class action against KPMG and ex-Arrium directors says the company's accounts were infected by "chronic and systemic overoptimism", with the former operator of Whyalla Steelworks portraying as viable a business that was impaired up to $2.8 billion.
Sportsbet ‘promised’ punters ‘fast code’ system was legal, class action tells court
Sportsbet's 'fast code' betting system was not a genuine telephone betting service because customers had already transmitted  information before making the call, according to a class action which argues punters would not have placed bets had they known the system was illegal. 
Keystone’s Chiodo raised $1.5M in investor funds for lawyers’ fees: ASIC
Former Keystone Asset Management director and developer Paul Chiodo is accused of raising more than $1.5 million from unwitting investors for a purported property fund that was secretly used to cover his legal fees in ASIC's enforcement action.
Class action to get less than half of $22.5M CommInsure settlement
A judge will approve deductions that will leave less than half of a $22.5 million class action settlement against two former CBA wealth management units left over for distribution to group members.
Airbus, Commonwealth hit with class action over 2023 helicopter crash
Aircraft manufacturer Airbus and the Commonwealth have been hit with a class action by the family members of four aviators who were killed when an army helicopter crashed off the coast of Queensland in 2023.
Construction PRO
Inpex in post-trial fight with AkzoNobel in suit over $45B Ichthys project
Inpex says damages against AkzoNobel could increase "very significantly" if the court adopts its position on a referee's report and it succeeds on liability in its suit over allegedly defective anti-corrosive coating used on the $45 billion Ichthys gas project.
Construction PRO
Developer promised to invest in Fiji hotel, paid legal fees instead: ASIC
Former Keystone Asset Management director and developer Paul Chiodo is accused of raising more than $1.5 million from unwitting investors for a purported property fund that was secretly used to cover his legal fees in ASIC's enforcement action.
Construction PRO
Monadelphous unit Kerman wins $165M Rio Tinto contract
Monadelphous Group subsidiary Kerman has secured a $165 million Rio Tinto contract for the design and construction of facilities at the mining giant's Brockman Syncline 1 project in the Pilbara.