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ASX pays $1.05M fine for ‘careless’ pre-trade transparency failure
Securities 2024-03-07 2:57 pm By Christine Caulfield

ASX Limited has paid a $1,050,000 fine after the corporate regulator pinged it with an infringement notice for failing to comply with market integrity rules […]

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Downer EDI points finger at KPMG in shareholder class action
Energy & Natural Resources 2024-03-04 3:55 pm By Christine Caulfield

Downer EDI has named KPMG in a cross-claim in a class action by shareholders, a move the accounting giant says has forced it to resign […]

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Law firm wins 30% contingency fee rate in IAG shareholder class action
Class Actions 2024-02-29 11:50 pm By Christine Caulfield

The law firm running a class action against Insurance Australia Group has secured a group costs order that will give it 30 per cent of […]

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Slater & Gordon says lawsuit over private equity takeover names wrong defendant
Securities 2024-02-21 4:11 pm By Christine Caulfield

Slater & Gordon is seeking summary dismissal of a case brought by a shareholder over the plaintiff firm’s takeover by private equity firm Allegro, saying […]

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Noumi seeks to shield PwC report in privilege fight with ASIC
Securities 2024-02-14 5:39 pm By Cindy Cameronne

Noumi has argued a PricewaterhouseCoopers report commissioned by its lawyers at Ashurst is protected by legal professional privilege, after the food manufacturer admitted to overstating […]

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Deductions to eat up 66% of Wellard shareholder class action settlement
Class Actions 2024-02-13 10:43 pm By Cat Fredenburgh

Group members in a shareholder class action against livestock exporter Wellard will get 34 per cent of a $23 million settlement if the court approves […]

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Shareholder class action collapses may up litigation risk, dampen plaintiffs’ appetite
Analysis 2024-02-12 11:17 pm By Christine Caulfield

The recent dismissal of two shareholder class actions after hard-fought trials is expected to lead to a recalibration of litigation risk and may discourage plaintiff […]

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Worley shareholder class action takes another trip to appeals court
Class Actions 2024-02-07 11:09 pm By Christine Caulfield

It’s a case of déjà vu in a class action against engineering services company Worley, with shareholders heading back to the appeals court after losing […]

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Big Un financier admits 3 million share purchase, denies knowledge of stock manipulation
Restructuring & Insolvency 2024-02-07 11:43 pm By Cindy Cameronne

Sydney financier First Class Capital has admitted it acquired three million shares in former market darling Big Un but has denied liquidators’ claims that the […]

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Judge approves 27.5% GCO in ‘complex’ Medibank class action
Class Actions 2024-02-06 10:23 pm By Sam Matthews

A judge has signed off on a 27.5 per cent group costs order in a consolidated shareholder class action against Medibank over a cyberattack that […]

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