Judges

The fallacy that shareholders must precisely prove the amount of loss caused by a listed company's breaches has finally been exposed by the Full Federal Court, a trial judge has been told in a class action over the collapse of steel maker Arrium.

KPMG failed to bring the necessary scepticism to the task of auditing failing steel manufacturer Arrium, instead leaving contradictory evidence unresolved and giving the company a clean bill of health, a shareholder class action has told the court.

Hitting back at a class action's claims that it breached gambling laws with its 'fast code' betting, Sportsbet told a trial judge on Tuesday its representatons about the service were true, and that in any case punters weren't entitled to damages that didn't account for winnings.

A judge has rejected Domino's bid for a 30 per cent reduction in the costs it owes after losing an underpayments class action, saying the pizza chain will likely be on the hook for around $10 million in costs.

A customer who complained about an air conditioning company in a Google review is on the hook for $25,000 in damages for defamation, despite his truth defence largely succeeding.

Talks between the tax office and the family of former Labor politician Eddie Obeid to settle recently revived litigation have stalled, a court has been told. 

A shareholder class action against Nuix has argued that its IPO should never have gone ahead, taking the court to email exchanges about its history of disappointing results, which the tech company's former CFO called "worse than terrible".

A shareholder class action against KPMG and ex-Arrium directors says the company's accounts were infected by "chronic and systemic overoptimism", with the former operator of Whyalla Steelworks portraying as viable a business that was impaired up to $2.8 billion.

The owner of Sydney's InterContinental Hotel has lost its challenge to the approval for a mixed-use tower at the site of the neighbouring Sir Stamford Hotel.

An entity associated with lender Keyview Investment Management wants to strike out a claim brought by the liquidators of defunct developer FSM Development, which has brought proceedings against a raft of defendants, including law firm Mallesons.