Most Recent
Group members in two settled class actions against clothing retailer Surfstitch have been told the settlement amount available to them has plummeted amid a "very difficult retail environment".
Construction giant Boral is facing a shareholder class action for allegedly failing to disclose financial irregularities in its US windows business.
BHP has failed in a bid to shut down a class action over the Fundao dam failure pending criminal proceedings in Brazil, with a judge ruling the mining giant would not be prejudiced if the case proceeded for now.
A judge has given his blessing to a $49.7 million settlement of two class actions that alleged infant food maker Bellamy's misled investors about its China growth strategy and declining market share in Australia.
Hong Kong-based casino group Melco Resorts must hand over documents claimed to be privileged to a NSW public inquiry into James Packer's Crown Resorts, with an appeals court ruling the inquiry had the power of a royal commission.
The Australian Securities and Investments Commission has scored a victory before the High Court, with the court unanimously finding that the term "officer" under the Corporations Act is not limited to those that hold official positions within a company.
Livestock exporter Wellard is facing a shareholder class action over a profit downgrade following its $300 million initial public offering in 2015.
Agricultural fund management firm Rural Funds Management is seeking over $625,000 in damages from US short seller Bonitas Research, which was found by the NSW Supreme Court to have engaged in misleading and deceptive conduct in a report describing RFM's equity as "ultimately worthless" that sent the firm's share price plummeting.
A former financial advisor has pleaded guilty to charges that he falsified share applications to satisfy minimum spread requirements for four companies wanting to float on the Australian Stock Exchange, in the first criminal case of its kind.
A former executive of engineering giant Bechtel will be allowed to deduct over $11.8 million in share losses from his taxable income after successfully challenging a ruling to the Full Federal Court, in a decision that clarifies taxation law for income and capital regarding asset trades.