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IOOF class action to get ASIC files on abandoned insider trading probe
The corporate watchdog has been subpoenaed for its investigation files in the latest development in a protracted discovery fight in a shareholder class action over alleged misconduct by wealth manager IOOF.
In latest setback for shareholder class actions, judge finds Iluka did not breach disclosure rules
Investors have lost their class action against Perth-based Iluka Resources, the latest shareholder class action to fail after pushing through to trial.
ASIC grills brother of former Nuix CFO as part of insider trading probe
The corporate regulator has confirmed it has questioned the brother of former Nuix CFO Stephen Doyle and might seek further examination as part of its ongoing investigation of the troubled tech company.
Astora Health says $27M best bet for class action members, warns of ‘financial difficulties’
Astora Women's Health says group members should accept an open $27 million settlement offer in a class action over its allegedly defective pelvic mesh devices, warning that "financial difficulties" may prevent it from meeting any judgment if the case succeeds at trial.
McDonald’s hit with third lawsuit over unpaid rest breaks
McDonald’s has been hit with a lawsuit on behalf of 339 employees across four states alleging it systematically failed to give workers paid 10-minute breaks, a month after a class action was filed against the fast food giant for allegedly denying workers rest breaks.
Dixon Advisory files for administration, blaming class actions
Embattled wealth advisor Dixon Advisory has filed for administration, saying its potential liability in two class actions and a $7.2 million penalty it agreed to pay in ASIC proceedings mean it is likely to become insolvent in the future.
AUSTRAC widens probe into Star Entertainment as class actions loom
AUSTRAC has expanded into investigation into Star Entertainment's compliance with anti-money laundering laws, two months after a third law firm announced a shareholder class action investigation into the casino operator on the back of damning media reports.
Dixon Advisory hit with second class action over advice fees
Dixon Advisory faces a second class action on behalf of investors who claim they suffered significant financial loss when the advice firm and its directors allegedly encouraged the purchase of high risk, high fee securities for their own financial gain.
Class action claims EML Payments misled shareholders over money laundering concerns
Payments processing company EML has been hit with a class action over its alleged failure to notify shareholders of concerns by Ireland's central bank relating to compliance with anti-money laundering regulations.
‘Full-blooded’ fight brewing between competing a2 Milk class actions
A “full-blooded carriage fight” is set down for next year between two competing class actions alleging dairy giant a2 Milk misled shareholders with an overly optimistic prediction of its infant formula sales.