Securities

Mineral Resources confirmed Thursday managing director Chris Ellison will be replaced following a disclosure scandal detailed late last year, but no new penalties will be imposed.

A class action against BHP can include in the group member definition investors who bought shares on secondary platforms, but the change can't apply retroactively.

In deciding an evidentiary dispute in a shareholder class action against building materials giant Boral, a judge has sounded off over the increasing costs of expert evidence produced in group proceedings.

Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.

Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United's alleged failure to disclose that a key contract was “loss-making”. 

The corporate regulator has commenced an investigation into ASX’s one-day technical failure that prevented the settlement of trades on the CHESS system shortly before Christmas. 

A judge has rejected a new pleading that would have upped the damages to $135 million in a case by a shareholder of failed energy company Armour Group alleging law firm Baker McKenzie was knowingly involved in a plan to take control of the company for cheap.

A shareholder class action has slammed as "nonsensical" Fletcher Building’s claim that a judge’s public comments in his previous role at Maurice Blackburn created an appearance of bias against corporate defendants.

A judge who was previously the head of class actions at Maurice Blackburn has questioned a bid by Fletcher Building that he recuse himself from presiding over a shareholder case against the construction company.

Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.