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Building materials giant James Hardie faces a shareholder class action after its share price dropped 34 per cent on the back of a FY26 earnings guidance downgrade.
After handing down the first post-trial win for a shareholder class action on damages, a judge has assessed the figure owing the lead applicants, and made orders for a lump sum assessment of costs, which he estimated at $20 million.
The Commonwealth Bank has urged the High Court to uphold a ruling rejecting shareholders' damages claims in two class actions, saying the decision correctly rejected their "conflation of materiality with loss".
The former chief operating officer of mowing franchise Jim's Group has won court approval to tweak claims in a lawsuit alleging he was sacked for reporting financial irregularities and potential fraud.
Apple will bring a “full-bodied” opposition to a bid to expand a class action over the running of its App Store, after a judge found the tech company engaged in anti-competitive conduct in the app marketplace last year.
The law firm running a class action against Harvey Norman has won a 30 per cent group costs order, with a judge noting the trend towards “gradual increases” in contingency fee rates.
Federal Attorney-General Michelle Rowland has hinted at possible reforms to the class action regime that would allow plaintiff firms to earn a profit from group proceedings.
A third law firm has launched a shareholder class action investigation into James Hardie's alleged inadequate disclosures about troubles in its North American fiber cement unit in a market guidance for the 2026 financial year.
Maurice Blackburn wants a 35 per cent cut of any settlement in a class action against the operator of sports betting sites Ladbrokes and Neds -- 2 per cent higher than a group costs order in a similar case against Sportsbet -- telling the court there was likely to be a "smaller pie".
Sportsbet has won its argument about the scope of a waiver of privilege in a class action over unlawful betting services, but a judge has found that the lead plaintiff can still keep communications with Maurice Blackburn under wraps.