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Rival law firms Phi Finney McDonald and Maurice Blackburn have offered to consolidate their competing shareholder class actions against BHP after prompting by the Full Federal Court, which said Friday it approved of the plan.
Shareholders of troubled sandalwood producer Quintis who are eligible group members in two consolidated class actions against the company can bet on which of the two cases will give them the best returns, if any, and the Federal Court has appointed an independent lawyer to help them make the choice.
Law firm Quinn Emanuel Urquhart & Sullivan has followed through on its threat to appeal a high stakes ruling that shut down its shareholder class action against AMP, along with two competing cases, after a two-day beauty parade that saw rival firm Maurice Blackburn take the prize.
Retail Food Group is the target of a possible class action by franchisees in the wake of a parliamentary report that called on three government agencies to probe the franchise giant and its top executives for potential insider trading, tax evasion and other unlawful conduct.
Ernst & Young, which has been named in a class action over its auditing of sandalwood producer Quintis, has filed cross-claims alleging Quintis should pick up the tab for any liability it may face in the proceedings.
The Australian Securities and Investments Commission has lost its market manipulation action against Whitebox Trading and its director Johannes Boshoff, with the court finding it was "practically impossible" that any of the trades at the centre of the case were made for an illegitimate purpose.
Sirtex Medical has reached a mid-trial agreement to resolve a shareholder class action that centred on the biotech company's sales forecasts of its radiation treatment.
Failed sandalwood oil producer Quintis has agreed to hand over insurance policies showing any coverage for potential liability it or its former CEO may have in two class actions brought against them.
The Australian Securities and Investments Commission is pushing back against an application by ANZ Bank to stay the regulator's civil penalties case over disclosures related to a $2.5 billion equity capital raising while it defends against criminal charges related to the controversial share placement.
Publicly-traded law firm Shine Lawyers has reached a confidential agreement to settle a class action alleging it misled shareholders about the value of ongoing business activities, the first ever settlement of a class action in Queensland.