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The securities regulator has launched proceedings against the former directors of Falcon Capital, the latest action by ASIC over the First Guardian Master Fund, which collapsed in 2024 taking $600 million in investor funds with it.
A chemical engineer who helped develop patented technology to prevent pollution from fracking operations has failed in his bid to be bought out by the company for $1.43 million, with a judge rejecting his claims of shareholder oppression.
ASIC is looking into lead managers behind AI data centre company Firmus’ failed public float, with a key issue whether they had a reasonable basis for assertions about investor demand.
NextDC is facing a class action investigation following last Wednesday's $140 million revenue forecast downgrade that sent the AI data centre operator's share price plummeting.
A judge has blasted the lack of disclosure about a sibling relationship between the litigation funder and solicitor for a class action against directors of collapsed mining company CuDeco, and has ordered the parties to explain themselves.
A judge has refused a bid by fund manager Blue Sky for an extension in a shareholder class action, saying the amount of costs wasted in the case by “unreasonable positions being taken” was "astounding".
A class action on behalf of shareholders has been lodged against ASX-listed biotechnology company CSL over disclosures in relation to its forecast for the 2026 financial year.
A judge overseeing competing shareholder class actions against James Hardie has said the judge who hears a carriage fight and applications for a group costs order should preside over the trial to avoid inefficiencies.
Two law firms will battle for carriage of a shareholder class action against hearing device manufacturer Cochlear, a court has heard.
Former CEO and chairman of budget airline Rex Lim Kim Hai has been hit with a $800,000 penalty and a four-year disqualification order for admitted breaches of his continuous disclosure obligations.