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NextDC is facing a class action investigation following last Wednesday's $140 million revenue forecast downgrade that sent the AI data centre operator's share price plummeting.
A judge has blasted the lack of disclosure about a sibling relationship between the litigation funder and solicitor for a class action against directors of collapsed mining company CuDeco, and has ordered the parties to explain themselves.
A judge has refused a bid by fund manager Blue Sky for an extension in a shareholder class action, saying the amount of costs wasted in the case by “unreasonable positions being taken” was "astounding".
A class action on behalf of shareholders has been lodged against ASX-listed biotechnology company CSL over disclosures in relation to its forecast for the 2026 financial year.
A judge overseeing competing shareholder class actions against James Hardie has said the judge who hears a carriage fight and applications for a group costs order should preside over the trial to avoid inefficiencies.
Two law firms will battle for carriage of a shareholder class action against hearing device manufacturer Cochlear, a court has heard.
Former CEO and chairman of budget airline Rex Lim Kim Hai has been hit with a $800,000 penalty and a four-year disqualification order for admitted breaches of his continuous disclosure obligations.
FX Group Holdings has partly succeeded in its appeal of a finding that it owes private equity firm CPE Capital $96.89 million in a dispute over a profit-sharing agreement tied to the sale of CPE’s stake in trading platform Pepperstone.
Trial in a shareholder class action against water treatment firm Phoslock and auditor KPMG could be held as late as February 2028 after the plaintiffs flagged plans to tweak their case.
A judge has refused to make an injunction sought by ASIC against Ryzon Materials, finding the regulator is not entitled to constrain a "hypothetical" transaction while it awaits judgment in its case over the company's battery plant representations.