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A judge has signed off on a multi-million dollar settlement in a class action by retirees who claim they lost $27 million with the collapse of property lender Wickham Securities
A former treasurer for Coffs Harbour City Council was "careless" for not analysing the financial products he invested millions of dollars of the city's funds into, a lawyer for ANZ said last week at a class action trial against the bank and US ratings agency S&P Global.
Queensland mining tycoon and former MP Clive Palmer has been hit with a criminal case alleging he violated takeover laws by failing to make an offer after issuing a publicly proposed takeover bid for timeshare business The President's Club Ltd.
A general counsel and a board member of a company linked to embattled G8 Education head Jennifer Joan Hutson are the latest to be charged over the childcare operator's failed takeover bid for a rival.
Australia and New Zealand Banking Group Limited has agreed to pay $3 million after an ASIC investigation found it failed to provide annual reviews to wealth management customers that paid for the service.
Blue Sky Alternative Investments has asked Australia's corporate watchdog to investigate US hedge fund Glaucus for market manipulation, after a scathing report by the fund last week sent Blue Sky's stock into a tailspin and raised the prospect of a shareholder lawsuit.
The former head of childcare provider G8 Education has been slapped with multiple criminal charges for her role in an abandoned takeover bid for rival childcare company Affinity Education.
Blue Sky Alternative Investments could be facing a class action after a report by a U.S. hedge fund that found the Australian fund manager had exaggerated its assets under management and the performance of its investments, while also collecting excessive management fees.
A judge on Wednesday refused a bid by Australian mortgage aggregator Connective Group to put on hold a derivative lawsuit by a shareholder against the company's bigwigs over the sale of 25 percent of the business to Macquarie Bank, saying there were no special circumstances justifying a stay.
Corrs Chambers Westgarth has filed a shareholder class action against GetSwift alleging it provided inadequate disclosures and misled investors with its overhyped announcements about business contracts, one month after Squire Patton Boggs brought a similar suit.