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Just four months after paying $32 million to settle a shareholder class action over disclosures relating to allegations of foreign bribery, engineering services company CIMIC faces another class action, this one alleging failures to keep the market informed about issues with its Middle East operations.
A judge has dismissed a class action accusing Government ministers of misfeasance in public office over the practice of securing Nauruan visas for those detained on the island.
The lead applicant in a shareholder class action against GetSwift and its managing director wants the logistics provider to give notice of any decision that would see its cash and other liquid holdings fall to less than $25 million.
The judge overseeing a shareholder class action against logistics provider GetSwift and three executives has vacated an upcoming trial date, following an application that he recuse himself from hearing the case.
A class action investigation has been launched against the Victoria state government and private contractors over alleged failures in the state's hotel quarantine program believed to be responsible for its second wave of coronavirus cases.
Westpac anti-money laundering compliance troubles continue to worsen, with the bank reporting an additional 365,000 incomplete or inaccurate threshold transaction reports to AUSTRAC.
Westpac has denied claims in a shareholder class action filed in the wake of AUSTRAC proceedings alleging 23 million breaches of anti-money laundering and counter-terrorism finance laws, saying the information the class action says it should have disclosed to shareholders "did not exist".
A judge has warned counsel leading a shareholder class action against logistics provider GetSwift that "real persuasion" would be needed to convince him to allow the class to expand its case two months out from trial.
A judge has pushed off a heated contest between law firms vying to lead a shareholder class action against construction giant Boral for what could be a year as a landmark High Court challenge plays out.
The Commonwealth Bank of Australia has refused to provide sought-after documents to the lead applicants of a joint class action against it until AUSTRAC grants permission, citing concerns over possible criminal breaches if it hands over the material without the agency's approval.