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Phoslock class action to bring accessory claims against ex-boss, chair
A shareholder class action against water treatment firm Phoslock will bring new claims that the former managing director and ex-chairman are liable as accessories, a court heard Tuesday.
iSignthis loses challenge to $10M penalty in ASIC case
The Full Federal Court has upheld a finding that fintech iSignthis made misleading representations to shareholders, as well as a decision socking it with a $10 million penalty.
Racism class action drops claims against NT police commissioner
A class action alleging discriminatory treatment of Northern Territory's Aboriginal Community Police Officers has dropped its claims against the NT Police Force.
Phoslock, KPMG class action trial pushed out to allow amendments
Trial in a shareholder class action against water treatment firm Phoslock and auditor KPMG could be held as late as February 2028 after the plaintiffs flagged plans to tweak their case.
High Court asked to hear Plus500’s class action appeal
Trading platform Plus500 has taken its challenge to an investor class action to the High Court, after an appeals court upheld a finding that an arbitration clause in its terms and conditions was unfair.
Mayfair faces shareholder oppression case, must hand over docs
Private resources company Mayfair Australia Corporation faces oppression litigation alleging two shareholders were removed from the company share registry without their consent.
Construction PRO
Ralan liquidators’ use of AI no reason for adverse costs, judge says
A judge has hit the liquidators of failed construction giant Ralan with costs following an adjourned hearing, but declined to find the use of AI was cause for an adverse costs order.
Full Court tosses Plus500’s bid to stay class action over arbitration clause
The Full Court has rejected trading platform Plus500's bid to stay a class action by investors who lost money on highly leveraged contracts for difference in light of an arbitration clause in its terms and conditions, upholding a finding that the clause was an unfair contract term.
Construction PRO
Forte Sydney director says iProsperity owed $6M in construction costs
A director of Forte Sydney Constructions says she chased iProsperity "every day" for $6 million in unpaid construction costs for a Ryde residential project, as trial kicks off in a case by the defunct developer's liquidator.
Pauline Hanson asks High Court to hear case over ‘piss off’ tweet
One Nation politician Pauline Hanson has asked the High Court to overturn a finding that she breached the Racial Discrimination Act with a tweet that said Greens Senator Mehreen Faruqi should “piss off back to Pakistan”.