A judge has rejected an application by biotech company Sirtex Medical to limit a class action to shareholders who register as group members in the next month, saying a class-closure order could dramatically cut down on the size of the class.
A judge has shot down a request by financial services company AGM that the court halt an ASIC proceeding seeking to revoke its financial services licence while a Federal Court case against it progresses.
The former CEO of biotech company Sirtex Medical has been charged with insider trading.
A landmark ruling that transferred four competing federal class actions against AMP to state court will stand, with the law firms behind the cases opting out of a fight in the High Court.
BHP Billiton has been hit with a third class action in Australia over the 2015 dam failure at its Samarco mine in Brazil, and the lead applicant in the latest case — one of the biggest pension funds in the US — has a lot at stake.
Herbert Smith Freehills has won a ruling that puts United Petroleum on the hook for the costs — on an indemnity basis — of the law firm’s defence against a case that was, according to a judge Tuesday, “devoid of merit”.
A director of an energy company who was kicked off the board of directors for missing too many meetings has lost a Federal Court challenge to his dismissal.
The judge presiding over two shareholder class actions against Murray Goulburn indicated Friday he would likely let both cases proceed jointly to a trial in 2020.
Shareholders in a class action against Sirtex Medical have lost a bid for an order preventing the life sciences company from quietly moving $128 million in cash assets out of the country after its $1.9 billion takeover by a Chinese private equity company comes into effect Thursday, but the battle over the money will likely continue.
The deputy chairman of the Australian Securities and Investments Commission, Peter Kell, has resigned just five months into a yearlong extension of his contract with the corporate watchdog.