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A shareholder class action that succeeded in the Full Federal Court has argued that Worley's appeal to the High Court should be rejected, saying that its proof regarding market-based causation was “overwhelming”.
Mineral exploration company AVZ Minerals does not have the funds to defend itself in ASIC proceedings alleging it failed to disclose a critical legal dispute, including a forgery claim, related to a $32 million lithium mine deal, a court has heard.
A former project manager who enlisted two associates to buy 11 million shares in Beacon Minerals before the market knew it had struck gold has been sentenced to one year in prison following a guilty plea.
Construction PRO
Dexus is challenging the costs claimed by its opponents in a case over the sale of shares in Melbourne Airport operator APAC, calling out billed items that include after hours Uber Eats charges.
A BDO director has filed a strike-out bid in ASIC’s case over alleged false and misleading reports for ASX-listed software company Dubber, with the accounting firm flagging its support for the application.
A judge overseeing a shareholder class action over the collapse of fund manager Blue Sky will explore how artificial intelligence can be used to reduce costs in the case, which have already reached $20 million.
A judge has allowed a mid-trial amendment in a shareholder class action over software company Nuix's 2020 public float on the ASX.
A KPMG partner who resigned in the wake of the firm's leaks scandal in May has defended his auditing of now defunct steelmaker Arrium, telling a court that inconsistencies were resolved through talks with management.
The former chairman of collapsed Arrium has denied that his purchase of 750,000 shares was aimed at showing confidence in the company, attributing his purchase to a personal policy.
Nuix has blasted as defective and "exceptionally" late a proposed mid-trial amendment to the pleadings in a shareholder class action over the software firm's 2020 IPO.