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Class action judge grills Fletcher Building on recusal bid
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 to get half of $42.25M CIMIC class action settlement
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.
Macquarie says it could rely on Nuix’s ‘promises’ about $1.8B IPO prospectus
Macquarie Capital has hit back at a class action over an alleged misleading prospectus for Nuix’s $1.8 billion IPO, saying it was entitled as underwriter to rely on the software company's promises.
Gov’t throws Rex a lifeline with $50M debt acquisition
The federal government will take on $50 million of Rex Airlines' debt to keep the troubled regional carrier flying.
Baker McKenzie, others win $3.5M security in Armour takeover case
A shareholder and creditor of failed energy company Armour Group will have to front $3.5 million in security in its case against law firm Baker McKenzie and others ahead of an upcoming trial.
Evolution Mining stung with shareholder class action over gold mine forecasts
Gold mining company Evolution Mining is facing a shareholder class action for its alleged failure to disclose issues with the performance of its Canadian gold mine.
Babcock & Brown shareholders can’t stay costs orders in failed 10-year-old case
Shareholders in collapsed financial services firm Babcock & Brown have lost their bid to stay costs orders after losing a ten-year-old dispute.
ASIC can bring case against Rex Airlines, directors
ASIC has won approval to bring claims against troubled regional airline Rex and four of its directors for allegedly misleading investors about the company's financial position.
ASIC, Noumi win appeal in privilege fight over PwC report
An appeals court has overturned a finding that food company Noumi waived privilege over a PwC report commissioned by Ashurst, which it produced to ASIC under voluntary disclosure.