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A decision on the fate of three class actions against logistics software company GetSwift is set for Wednesday, and counsel behind the competing cases aren't the only lawyers waiting with baited breath.
China-based food retailer Winha Commerce has secured an interim court injunction barring the Australian Stock Exchange from delisting the company after the exchange issued queries to all Chinese listed companies about problems converting the renminbi.
A judge overseeing a trial against S&P Global over its ratings of synthetic collateralised debt obligations has tossed the company's damages expert, saying she lacked sufficient expertise to provide an opinion on the value of the instruments.
An IOOF shareholder mulling a class action against the financial services company over reports that it failed to inform ASIC about allegations of insider trading and front running by its employees has won court approval for preliminary discovery.
The Australian Securities and Investments Commission has won leave to appeal to the High Court a ruling that threw out its case against former directors of collapsed retirement village owner Prime Trust.
Not to be outdone by other class action firms vying to recruit AMP shareholders for a $2 billion class action, Slater & Gordon announced Friday it would offer investors "the most competitive funding package of all".
Boutique law firm Phi Finney McDonald is investigating a potential shareholder class action against BHP Billiton over the fatal Samarco disaster in Brazil, which saw the market value of the mining giant plummet by $25 billion.
ASIC's newly installed chief on Thursday slammed banks and other financial firms for their "trust deficit" and vowed to deploy "every inch of our powers and tools" to go after violators.
The financing arrangement underwriting Quinn Emanuel's shareholder class action against AMP, which will earn its partner Burford Capital a record low 10 percent of any recovery, sets a new standard in class action litigation funding, and is expected to spark greater price competition in the industry.
A bidding war erupted Tuesday among law firms angling to lead a $2 billion shareholder class action against AMP, with Maurice Blackburn announcing a "super deal" and Quinn Emanuel besting that with a funding arrangement to "shake up" the market.