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The failure of two class actions to prove loss linked to the Commonwealth Bank's disclosure breaches was not the fault of the bank, an appeals court has held in dealing the latest blow to shareholder group proceedings.
Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.
ASIC has won winding up orders against investment firm Falcon Capital and its managed investment scheme First Guardian Master Fund, after raising concerns about potential risks to investors.
A lesbian group is challenging the rejection of its bid to be exempt from anti-discrimination laws in order to bar trans women from its events, and wants the appeal heard by the same judges hearing a similar case.
The Australian Securities and Investments Commission will seek to wind up investment firm Falcon Capital after obtaining freezing orders over its assets.
Johnson & Johnson has slammed a class action over allegedly ineffective cold and flu medications, telling a judge it has "real concerns" with how the case has been framed.
Ex-Keystone director Paul Chiodo’s company has won more time to file a defence to a new suit by Keystone’s receivers over a failed transaction for the purchase a Marriott Hotel in Italy.
After losing a travel ban application against a Melbourne businessman as part of a probe into a failed investment fund, ASIC is now seeking freezing orders over his assets.
BHP has asked for more time to grapple with a shareholder class action’s amended pleading, saying the changes, if allowed, threaten to derail the trial start date in September.
The makers of Little Bellies Fruit Puffs have raised concerns budget supermarket chain Aldi could continue to infringe their copyright despite a recent court ruling in their favour.