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Ex-CFO said Rio Tinto reserve write down would be ‘worse by far than expected’, ASIC claims
Corporate November 13, 2018 11:21 pm By Cat Fredenburgh

The Australian Securities and Investments Commission claims Rio Tinto’s former CFO was referring to the write down for the reserves for two coal assets that […]

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Crown shouldn’t keep jailed ex-employees silent, court told
Class Actions November 12, 2018 8:39 pm By Christine Caulfield

An attempt by Crown Resorts to block ex-employees from talking to class action lawyers about the casino giant’s thwarted business in China was contrary to […]

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ASIC strips AGM of financial services licence
Financial Services November 9, 2018 8:56 pm By Cat Fredenburgh

Retail OTC derivative issuer AGM Markets has had its financial services licence canceled, after ASIC found it engaged in unconscionable conduct and failed to manage […]

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Quintis class action lawyers want to peek at insurance docs
Class Actions November 8, 2018 2:58 pm By Christine Caulfield

Lawyers leading a class action against Quintis want the failed sandalwood oil producer to hand over evidence of any insurance policy that could cover the […]

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Bank of Queensland loses fight with insurer over $6M class action settlement
Insurance November 7, 2018 10:22 pm By Cat Fredenburgh

Bank of Queensland has lost a dispute with two insurers over coverage for a $6 million settlement of a class action brought by investors in […]

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Law firm looks at short-seller VGI in class action probe ‘twist’
Class Actions November 2, 2018 10:15 pm By Christine Caulfield

Maurice Blackburn is investigating a possible class action after the share price of Corporate Travel Management plunged 27 percent on Wednesday, and will look at […]

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Funder’s cut, legal fees in $64M Banksia settlement rejected on appeal
Appeals November 1, 2018 4:51 pm By Cat Fredenburgh

An appeals court has rejected the funder’s commission and legal fees stemming from a $64 million settlement in litigation over the failure of Banksia Securities, […]

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Surfstitch class action settlement in peril as debate rages over opt-out notice
Class Actions November 1, 2018 8:20 pm By Miklos Bolza

Judges do not have the power to approve a class action settlement without first issuing an opt-out notice to group members, the court-appointed contradictor in […]

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UGL knew LNG project was behind schedule by April, class action says
Class Actions November 1, 2018 11:10 pm By Cat Fredenburgh

UGL knew by April 2014 that there were delays with the Ichthys LNG project, but failed to make required disclosures to shareholders, according to an […]

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Ashley Services class action sent back to mediation for settlement talks
Class Actions November 1, 2018 7:51 pm By Christine Caulfield

Private education provider Ashley Services may be close to settling a shareholder class action, according to a court order sending the parties in the case […]

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