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A judge was too exacting in deciding the applicant in a shareholder class action against engineering services firm Worley suffered no loss from misleading guidance, an appeals court has heard.
A judge "went off the rails" in finding Worley liable for misleading or deceptive conduct, a lawyer for the engineering services company has said on the first day of an appeal in a shareholder class action.
Green iron start-up Element Zero has lost its latest bid to set aside search orders in a case by Fortescue alleging former employees misappropriated its process for carbon dioxide-free iron.
The corporate regulator has asked the Full Court to stamp out avenues for corporate mischief, as it challenges a finding about the authorised representative exemption to the licence requirement of financial services providers.
ASIC's claim of legal privilege over a solicitor’s notes of an interview with a tech start-up boss involved in the ASX program to replace its CHESS system could be tested under cross-examination, a court has heard.
A court has refused to order the applicant in a failed class action against NULIS Nominees to pay indemnity costs, but has confirmed that so-called Calderbank offers can operate in group proceedings.
AAI has lost its bid to appeal an order joining it to a class action over alleged combustible cladding installed at two high-rise towers in Liverpool, NSW.
Ultra Tune has lost its appeal of a record $1.5 million fine for contempt after it failed to follow a court-ordered compliance program in proceedings brought by the consumer watchdog.
A class action brought by former clients of Melissa Caddick, who were defrauded out of $23 million, have settled their claims against a group of SMSF auditors.
Element Zero has denied claims that three former Fortescue employees, including one executive, misused confidential information and developed a green iron process on the company dime.