Securities

A judge has made winding up orders against companies connected to Lion Property Group and allowed Victoria Police to access a confidential report from the luxury Melbourne developer's provisional liquidators.

With evidence finally in after six years, Lendlease has asked a court to reject a portion of a shareholder class action’s expert reply evidence, arguing it unfairly introduces a new and unforeseen loss methodology.

Nicholas Bolton has lost his challenge to Keybridge Capital’s move to remove him from the board of confectionary group Yowie, after he was found to have been validly removed as the CEO of Keybridge in March. 

The law firm behind a class action against Origin Energy wants a 35 per cent contingency fee, arguing that a string of defeats in shareholders cases has “accentuated the uncertainty and complexities” of proving loss.

The law firm running a shareholder class action against WiseTech is seeking a group costs order that would give it a 35 per cent cut of any settlement, arguing the relatively high rate was justified by the risks of running the case.

BHP has pushed back on reply submissions in a shareholder class action which the energy company says mistakenly interpret an internal report as putting the risk of collapse of BHP's wastewater dam in Brazil at 25 to 50 per cent. 

The judge who tossed a class action by Quintis' shareholders should have found a restatement of assets would have materially affected the sandalwood company's share price "as a matter of common sense", a court has been told.

Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.

A unit of construction and real estate group Maas Group has been named in an ICAC investigation into alleged kickbacks for lucrative Transport for NSW contracts.

The applicants in an unsuccessful class action against the founder of sandalwood producer Quintis and auditor EY is challenging the dismissal of his case -- the sixth shareholder class action to fail at trial.