Most Recent
Supermarket giant Woolworths has been hit with a class action on behalf of investors who allegedly suffered losses when the company revised its sales and profit guidance and revealed it had been using the wrong pricing competitiveness and stock availability metrics.
Mortgage aggregator Connective Group has lost an appeal of a ruling that gave the greenlight to a shareholder's derivative lawsuit against company directors and Macquarie Bank over the sale of 25 percent of the business to the bank.
A court has struck out defamation claims brought by embattled Quintis founder Frank Wilson against the company's former directors over ASX statements he alleges suggested he knew about the company's termination of a supply contract with Nestle's dermatology unit, Galderma Laboratories.
The litigation funder that unsuccessfully sought to block a shareholder from opposing a $64 million class action settlement over the collapse of Banksia Securities is not on the hook for indemnity costs despite bringing the injunction with an ulterior motive.
A year after the Federal Court issued its important ruling on competing class actions and foreshadowed orders prohibiting duplicative legal fees, the company at the centre of the proceedings -- organic baby food maker Bellamy's -- has called on the court to make good on its promise about costs.
ASIC has taken two NAB wealth management units to court for allegedly charging superannuation members around $100 million in fees for services they never received.
Concerns that the proposed acquisition of Sirtex Medical by a Chinese private equity firm would leave the company with insufficient funds to cover a settlement or judgement in a class action were eased Wednesday, after a barrister said the takeover would leave the company with just under $1 billion in assets.
Private equity firm Adcock has won almost $1 million in a judgment against the former boss of Aussie Home Loans, Stephen Porges, who was found to have misled the firm over the profitability of shares in a digital commerce startup he wanted to offload.
Sydney-based law firm Bannister Law has asked a court to consolidate two class actions against troubled sandalwood oil producer Quintis, and has made its pitch for leading the joint proceedings.
Maurice Blackburn has filed its promised class action against BHP Billiton over the Brazilian dam collapse, and the case puts a twist on typical funding arrangements, with the law firm looking to earn what it dubs a "litigation services fee" for financing the case itself.