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Gaming company Light & Wonder has been hit with a securities class action over disclosures about its Dragon Train poker game, after an employee's theft of rival Aristocrat's trade secrets led to litigation that settled for $190 million.
A second 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.
James Hardie may soon face a second shareholder class action — this one over alleged inadequate disclosures about troubles in its North American fiber cement unit in a market guidance for the 2026 financial year.
A judge has rejected a bid to amend a shareholder class action against Beach Energy, saying the way the applicant had articulated its case on loss by reference to an expert report was “apt to lead to confusion”.
A former Beacon Minerals project manager who managed the gold exploration drilling program for the company's Jaurdi gold project in Western Australia has pleaded guilty to one count of insider trading.
A judge has bawled out lawyers in a case against water treatment firm Phoslock and auditor KPMG for putting forward a High Court ruling for the mistaken proposition that he had power to make the class closure order sought.
Before the decision in the Brambles case this week -- the first shareholder class action to succeed at trial -- the path to proving loss from disclosure breaches was a thicket of, well, brambles. Now after six consecutive losses, Justice Bernard Murphy has paved the way for plaintiffs to prevail.
In the first shareholder class action to succeed at trial in Australia, a judge has found logistics chain company Brambles breached its continuous disclosure obligations in relation to an overly rosy 2017 financial forecast amid problems with its North American pallets business.
A judge has granted most of the documents sought by a shareholder class action against Origin Energy but declined to make a ‘safety net’ discovery order, agreeing with the energy company that it was unnecessary.
A judge has hit Electro Optic Systems with a $4 million penalty after the defence firm admitted to continuous disclosure breaches by failing to reveal a drop in its 2022 revenue forecasts.