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Sims settles shareholder class action for $29.5M
Class Actions 2022-06-10 9:43 am By Christine Caulfield

Recycling company Sims Limited will pay $29.5 million to settle a shareholder class action alleging earnings guidance for FY16 failed to account for the likely […]

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Prosecutors secure second guilty plea in Nova Minerals market manipulation case
Securities 2022-06-10 9:48 pm By Harry Thomas

NSW man Benjamin Cooper has pleaded guilty to manipulating the share price of Nova Minerals in a conspiracy that involved the gold ore mining company’s […]

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Class action should foot the bill for first ever group costs order, judge says
Class Actions 2022-06-07 3:34 pm By Sam Matthews

A judge who ordered the first ever group costs order in a class action has found that the costs of the application should be borne […]

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Mesoblast hit with second shareholder class action over COVID-19 drug
Class Actions 2022-06-07 3:17 pm By Cat Fredenburgh

Regenerative medicine company Mesoblast has been hit with a second class action for allegedly misleading shareholders about it Remestemcel-L treatment for COVID-19 complications. Phi Finney McDonald’s […]

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ASIC wins guilty plea from investor who posted about ‘fun and games’ of market manipulation
White Collar 2022-06-07 4:44 pm By Harry Thomas

A Melbourne investor who posted in an online forum that a pump and dump scheme was all part of the “fun and games and cat […]

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Nuix says ex-CEO’s claim off by $140M, but Macquarie director must front court to explain
Securities 2022-06-06 4:20 pm By Cindy Cameronne

A former Nuix director appointed by Macquarie Bank must give evidence in person as the embattled tech company argues a claim brought by its former […]

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Property developer Sasha Hopkins to face ASIC grilling
Real Estate 2022-06-03 5:13 pm By Sam Matthews

Embattled property developer Sasha Hopkins will face a compulsory examination by the Australian Securities and Investments Commission over the activities of his company A Team […]

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a2 Milk class action consolidation to see one silk go
Class Actions 2022-06-02 7:12 pm By Sam Matthews

Two law firms are set to work “hand in glove” in their proposed consolidated shareholder class actions against a2 Milk, with one senior barrister to […]

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EY settles class action claims over Slater & Gordon audits
Class Actions 2022-05-26 10:49 pm By Cat Fredenburgh

Ernst & Young has settled all claims against it in a shareholder class action alleging the Big Four accounting firm and Pitcher Partners signed off […]

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Former Noumi GC drops unfair dismissal lawsuit
Employment 2022-05-25 1:57 pm By Cindy Cameronne

Former secretary and general counsel for Noumi, formerly known as Freedom Foods, has dropped her unfair dismissal lawsuit after the maker of the popular Vitalife […]

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