Securities

A judge has approved a settlement with KPMG in a shareholder class action over the collapse of mining company CuDeco, as well as a distribution scheme that will see payments to the funder but not group members.

A judge has granted the first-ever application to vary a contingency fee in a class action that has yet to reach settlement or judgment, but has warned his decision doesn't set a precedent for “routine variation” of group costs orders. 

A judge has awarded private equity firm CPE Capital, formerly CHAMP, $96 million in a dispute over a profit sharing agreement that was part of a deal to provide $150 million in vendor finance to FX Group Holdings for shares in trading platform Pepperstone.

A judge has approved a $13.5 million settlement in a class action against the director of collapsed sandalwood producer Quintis, but has reduced deductions sought by the plaintiff's lawyers and funder, and denied a payout to the funder of a competing case.

A judge has struck out sections of natural gas exporter Australia Pacific LNG’s defence in Tri-Star’s long-running case over coal seam gas fields in Queensland, which centres on a $7.6 billion share sale to ConocoPhillips.

A judge has given the administrator for billionaire Sanjeev Gupta's Tahmoor Coal two more weeks to prove that creditors would be better off under a sale process than a liquidation. 

CBA plans to file a cross-appeal in the class actions before the High Court, contending the shareholders -- who argue they should have won their loss case -- failed to establish disclosure breaches at the threshold.

The High Court has agreed to weigh in on two failed shareholder class actions against the Commonwealth Bank, in a case that could clarity the elusive test for damages in shareholder class actions.

Macquarie is fighting a bid to amend a class action over an alleged misleading prospectus for Nuix’s $1.8 billion IPO only months out from trial, calling the changes “unclear and unfair”. 

Dexus has halved the number of documents it claims are shielded by legal privilege from production to fellow owners of airport operator APAC ahead of trial over an alleged breach of a shareholder deed, a court heard Monday.