Securities

The funder that backed a shareholder class action against engineering firm CIMIC that settled for $45.25 million will take a cut to its 25 per cent commission, but wants the court to find the commission would otherwise have been reasonable. 

Australian building materials giant James Hardie will acquire US-based home decking provider AZEK in a nearly $14 billion merger.

A judge was too exacting in deciding the applicant in a shareholder class action against engineering services firm Worley suffered no loss from misleading guidance, an appeals court has heard.

Private equity firm EMR Capital has been ordered to pay $12.5 million under a controversial share sales agreement for a Queensland copper mine.

Nine Entertainment has confirmed it is in talks with US real estate company CoStar over its proposal to buy the media company's 60 per cent stake in real estate listing site Domain.

A judge "went off the rails" in finding Worley liable for misleading or deceptive conduct, a lawyer for the engineering services company has said on the first day of an appeal in a shareholder class action.

A law firm review has found WiseTech co-founder and executive chair Richard White misled the board about several personal relationships, but the tech company has flagged no action against him.

ASIC's claim of legal privilege over a solicitor’s notes of an interview with a tech start-up boss involved in the ASX program to replace its CHESS system could be tested under cross-examination, a court has heard.

Are group costs orders a factor in deciding a bid to transfer a class action? Can the orders survive the move to an inhospitable state? These questions are to be decided by the High Court Wednesday, in a ruling that will clarify the relevance and reach of Victoria's contingency fee regime.

The former managing director and CEO of food company Noumi may give evidence at trial in the corporate regulator's case next year.