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Competing Murray Goulburn class actions look set to co-exist
Class Actions September 21, 2018 2:25 pm By Christine Caulfield

The judge presiding over two shareholder class actions against Murray Goulburn indicated Friday he would likely let both cases proceed jointly to trial in 2020. […]

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Sirtex shareholders fear ‘bare cupboard’ for class action after takeover
Class Actions September 20, 2018 4:32 pm By Christine Caulfield

Shareholders in a class action against Sirtex Medical have lost a bid for an order preventing the life sciences company from quietly moving $128 million in cash assets out of the country after its $1.9 billion takeover by a Chinese private equity company comes into effect Thursday, but the battle over the money will likely continue.

ASIC deputy chair Peter Kell calls it quits
Financial Services September 18, 2018 10:09 pm By Christine Caulfield

The deputy chairman of the Australian Securities and Investments Commission, Peter Kell, has resigned just five months into a yearlong extension of his contract with […]

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Shareholders to contest Bellamy’s cost-capping bid in class actions
Class Actions September 14, 2018 2:09 pm By Christine Caulfield

A sought-after court order by organic baby food maker Bellamy’s to limit legal costs in two class actions won’t come without a fight, a barrister […]

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ASIC sues ANZ over $2.5B share placement
Competition & Consumer Protection September 14, 2018 4:20 pm By Cat Fredenburgh

ASIC has filed a lawsuit against ANZ alleging it breached its continuous disclosure obligations in relation to a $2.5 billion institutional share placement, which is […]

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Funders react to ASIC’s thumbs down on licensing
Class Actions September 13, 2018 11:41 pm By Christine Caulfield

The corporate watchdog’s dim view of proposals to regulate litigation funders got a mixed reaction from big players in the industry Thursday, with its position […]

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ASIC doesn’t want to regulate litigation funders
Class Actions September 12, 2018 11:15 pm By Christine Caulfield

Litigation funders should not be regulated by ASIC but by the courts, the corporate watchdog has told the Australian Law Reform Commission in response to proposals […]

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Woolworths faces $100M shareholder class action over profit guidance
Securities September 11, 2018 9:37 pm By Miklos Bolza

Supermarket giant Woolworths has been hit with a class action on behalf of investors who allegedly suffered losses when the company revised its sales and […]

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Mortgage firm can’t shut down derivative suit over Macquarie Bank sale
Appeals September 11, 2018 5:49 pm By Christine Caulfield

Mortgage aggregator Connective Group has lost an appeal of a ruling that gave the greenlight to a shareholder’s derivative lawsuit against company directors and Macquarie […]

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Deloitte partners don’t have access to Hastie files, court told
Class Actions September 11, 2018 10:18 pm By Miklos Bolza and Christine Caulfield

Accounting giant Deloitte is digging in for a fight over a court order to produce documents to a shareholder class over the firm’s auditing of […]

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