A $43 million settlement in a class action alleging Noumi misled investors about its inventory is fair and reasonable in light of confidential information about the food company’s financial position, a court has heard.
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.
The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.
A judge has agreed to delay a trial by five months in a group of cases over supply chain finance company Greensill’s $1.7 billion collapse, over the vehement protests of the firm’s administrator.
Mills Oakley has hired two new partners for its financial services and national property teams.
A unit of collapsed start-up StrongRoom AI has warned creditors of its parent company that recent freezing orders need to be tweaked to allow it to continue trading, or there may be little money left to argue over.
The lawyer representing applicants in sexual harassment and discrimination class actions against mining giants BHP and Rio Tinto has said there may be thousands of group members.
A former chief of staff to Deputy Prime Minister Richard Marles has resolved her case alleging she was forced out after complaints of bullying.
Pharmacor will be allowed to sell a generic version of heart drug Entresto after the Full Court rejected Swiss drug giant Novartis’ appeal of a ruling that found an extension of the term of its patent for the drug was invalidly granted.
A judge recently made the rare decision to declass a representative case, and experts say we may see more of the difficult applications as class actions move into areas with greater variation in the circumstances of group members.