Judges

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. 

An appeals court has rejected Keybridge CEO Nick Bolton's challenge to a ruling that found that he and two other directors were validly removed at a board meeting, finding in favour of shareholder WAM Active. 

A $59 million settlement has been reached in a long-running class action accusing five major banks of foreign exchange rate-rigging.

The owners corporation of a 98-unit Parklea development by defunct builder Dyldam Developments has failed in its attempt to claim insurance for building defects in a property completed 17 years ago, with a court finding that time was up. 

SMBC has lost a bid for documents connected to King & Wood Mallesons opinions in its suit against fintech Humm linked to the Forum Finance fraud, with a court saying the Japanese bank did not share joint privilege over the material.

Parkview Constructions is seeking to bring negligence claims against Bates Smart and McKenzie Group in a lawsuit over alleged combustible cladding at Australia Towers in Sydney Olympic Park. 

Pianist Jayson Gillham’s claims against the Melbourne Symphony Orchestra will go to trial after a judge rejected its argument that his case should be dismissed because the protections of the state Equal Opportunity Act do not constitute workplace law. 

A hearing has gone ahead in a dispute over an aborted $30 million property dispute, with a judge rejecting Aintree Major Town Shopping Centre's bid to vacate because of its “manifestly inadequate" preparation.

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.