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No loss proven in CBA cases, but all is not lost for shareholder class actions
Analysis 2025-05-16 11:01 pm By Christine Caulfield

In explaining where CBA shareholders went wrong in proving damages from the bank’s omissions over an AUSTRAC probe, the Full Federal Court has given class action plaintiffs the clearest indication yet of how they might win.

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Dexus accused of breaching confidentiality in Melbourne, Launceston airport share sale
Transportation & Infrastructure 2025-05-16 11:19 pm By Julia Kanapathippillai

Dexus faces allegations it breached a shareholder deed in selling a stake in the privately-owned Asia Pacific Airport Corporation, which operates Melbourne and Launceston Airports.

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Beacon Minerals geological consultant pleads guilty to insider trading
Energy & Natural Resources 2025-05-16 11:11 pm By Julia Kanapathippillai

A geological consultant for gold mining company Beacon Minerals has pleaded guilty to insider trading, while a former project manager for the company maintains he is not guilty.

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ASIC accuses Macquarie of 14 years of short sale reporting failures
Securities 2025-05-14 11:07 pm By Andy Sidler

ASIC has taken Macquarie Securities to court alleging it failed to accurately report at least 73 million short sales over a period of 14 years.

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Class action over risky CFDs wins access to customer screening data
Class Actions 2025-05-12 11:06 pm By Andy Sidler

A class action against CMC Markets has won access to data thought to reveal that approximately 2,500 customers who failed screening tests for risky financial products were nevertheless permitted to trade. 

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Lack of proof in CBA class actions can’t be ‘laid at bank’s feet’: appeals court
Class Actions 2025-05-08 11:34 pm By Cindy Cameronne

The failure of two class actions to prove loss linked to the Commonwealth Bank’s disclosure breaches was not the fault of the bank, an appeals court has held in dealing the latest blow to shareholder group proceedings. 

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CBA shareholder class actions score partial win on appeal, but no damages
Class Actions 2025-05-07 5:25 pm By Cindy Cameronne

Two class actions against Commonwealth Bank have partially succeeded on appeal, with a finding that the bank breached its continuous disclosure obligations, but damages still elude shareholders.

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Judges have power to make soft class closure orders, High Court says
Class Actions 2025-05-07 10:54 am By Cindy Cameronne

Resolving a split between courts, the High Court has confirmed that judges have power to make soft class closure orders, which require class action members to register before mediation to participate in any resulting settlement.

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Macquarie cops extra conditions for ‘repeated’ non-compliance
Financial Services 2025-05-07 11:33 pm By Julia Kanapathippillai

The corporate watchdog has imposed additional conditions on Macquarie Bank’s financial services licence, citing multiple and significant compliance failures.

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Treasury Wine settlement costs top $27M in no win, no fee class action
Securities 2025-05-07 11:22 pm By Christine Caulfield

Shareholders are set to pocket 58 per cent of a $65 million settlement in a class action against Treasury Wine Estates if the deal is approved by a court at a hearing this month.

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