The judge who tossed a class action by Quintis’ shareholders should have found a restatement of assets would have materially affected the sandalwood company’s share price “as a matter of common sense”, a court has been told.
The applicants in an unsuccessful class action against the founder of sandalwood producer Quintis and auditor EY is challenging the dismissal of his case — the sixth shareholder class action to fail at trial.
Former franchisees involved in a class action against RAMS are seeking to intervene in ASIC civil penalty proceedings against the defunct Westpac subsidiary.
An activist group which unsuccessfully challenged the government’s approval of a wind farm in North Queensland because of its effects on rare birds has lost its bid to dodge costs on public interest grounds, with a judge saying both sides sought to advance the public interest.
S&P has reached a settlement in a case by two Cayman Island companies over alleged defective ratings but a class action won’t settle until “hell freezes over,” a court has heard.
The funder of a failed class action against the founder of sandalwood producer Quintis and EY and has been hit with costs, despite arguing the order would set a bad precedent.
An appeals court has dismissed a law firm’s challenge to a ruling that cut $1.14 million of its fees from a settled class action against retirement home operator Aveo, noting the “inordinate delay” in preparing key evidence. The class action, launched in September 2017 on behalf of residents at Aveo’s retirement villages, settled for $11…
ASIC has succeeded in overturning a decision that found that Qoin issuer BPS Financial came within the authorised representative exemption with respect to agreements with Australian financial services licence holder PNI.
An activist group has lost a challenge to the approval of a 69-turbine wind farm in North Queensland that it says ran afoul of international treaties to protect migratory birds, with a judge finding no grounds to review the decision.
The funder that backed a failed shareholder class action against an ex-Quintis director and EY is fighting a bid for a third-party costs order, arguing such orders shouldn’t be imposed on funders where there is no doubt they will pay up.