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US class action firms circle James Hardie, Aussie firms may be next
Class Actions 2025-08-22 11:43 pm By Christine Caulfield

Building materials company James Hardie may face scrutiny by class action law firms after a profit-drop announcement saw its ASX share price plummet.

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James Hardie may face law firm scrutiny after share price plummets
Construction 2025-08-22 11:22 pm By Christine Caulfield

Under investigation by US class action firms for a stock price crash that followed last week’s announcement of a profit drop, Australian building materials giant James Hardie may also face the glare of homegrown law firms.

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IG Markets owes $5.5M to client who traded CFDs on ‘test’ market
Financial Services 2025-08-21 11:10 pm By Julia Kanapathippillai

Online trading platform IG Markets must pay over $5.5 million in damages to a customer, with a court finding a contract term that purportedly allowed it to reverse transactions made in error was unfair.

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Class action law firm not so lucky in second bid for 35% contingency fee
Class Actions 2025-08-20 11:26 pm By Christine Caulfield

A judge has cut a 35 per cent contingency fee sought by a law firm running a shareholder class action against Origin Energy, even after a different judge approved the rate in a separate case by the firm.

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Elanor recommends shareholders reject Lederer’s ‘opportunistic’ $284M takeover bid
Construction 2025-08-21 11:42 pm By Cindy Cameronne

Elanor Funds Management has recommended shareholders reject a $284 million unsolicited takeover bid by the Lederer Group, saying the price is “opportunistic” and materially undervalues the commercial property fund. 

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Cudeco class action judge threatens to set trial down if KPMG settlement not finalised
Class Actions 2025-08-19 3:02 pm By Cindy Cameronne

A judge hearing a class action over the collapse of mining company Cudeco has questioned why, despite an in-principle settlement being reached with auditor KPMG, the parties have not sought to formally dismiss the claim. 

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Dexus seeks docs given to PwC, Deloitte in fight with APAC
Tom O’Brien 2025-08-19 11:34 pm By Cindy Cameronne

Real estate asset manager Dexus wants information that the Asia Pacific Airport Corporation gave to several consultants in a court battle over allegations it breached a shareholder deed in selling a stake in the airport operator. 

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Magnis Energy misses deadline in ASIC’s battery plant disclosure case
Energy & Natural Resources 2025-08-15 11:29 pm By Andy Sidler

Magnis Energy Technologies has missed the deadline to file its evidence in ASIC proceedings over allegedly misleading disclosures about its lithium ion battery plant, with a court hearing the company’s new lawyers have not had a chance to brief counsel. 

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eToro can rely on late evidence in novel ASIC case over CFDs
ASIC 2025-08-14 11:23 pm By Julia Kanapathippillai

Online investment platform eToro has won its bid to rely on late expert evidence in ASIC’s first-ever action alleging breach of obligations in designing and selling financial products over high-risk contracts for difference.

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Beacon Minerals geological consultant sentenced in insider trading case
Securities 2025-08-14 11:17 pm By Cindy Cameronne

A geological consultant has been sentenced to a suspended 12 months’ prison after pleading guilty to insider trading using information obtained through his work with Beacon Minerals. 

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