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Macquarie a ‘knowing participant’ in Connective shareholder oppression, court says
Corporate 2022-03-28 8:57 pm By Miklos Bolza

Two directors of mortgage aggregator Connective engaged in oppressive conduct towards a minority shareholder and Macquarie Bank was a “knowing participant” when it acquired $5 […]

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Judge clarifies rights of responsible entities to recoup MIS costs
Financial Services 2022-03-23 4:22 pm By Miklos Bolza

A Federal Court judgment has laid out when a responsible entity of a managed investment scheme will be indemnified for its operating costs and when […]

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Judge to lawyers: I hate to break it to you, but I don’t want your emails
Courts 2022-03-15 2:13 pm By Christine Caulfield

A judge overseeing a joint class action against Freedom Foods and Deloitte wants to break a bad habit among litigators of attaching to affidavits reams […]

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Third Nuix class action means beauty parade may be unavoidable
Class Actions 2022-03-10 11:13 pm By Cat Fredenburgh

Technology company Nuix has been hit with a third shareholder class action over its troubled $1.8 billion float on the ASX, setting up what is […]

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$28M settlement in Arnold Bloch Leibler class action to get court’s OK
Class Actions 2022-03-04 11:05 am By Christine Caulfield

A judge will approve a $28 million settlement resolving a class action against Arnold Bloch Leibler over advice the law firm gave to Slater & […]

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Careers Australia liquidator can pursue overseas directors on evidence of insolvent trading
Restructuring & Insolvency 2022-03-04 5:29 pm By Sam Matthews

The liquidator of collapsed vocational education provider Careers Australia can serve its lawsuit on two of the company’s former directors now living overseas, after a […]

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Deloitte foreshadows new privilege battle in Hastie class action
Class Actions 2022-03-03 2:39 pm By Miklos Bolza

Another fight over privilege may be on the cards in a shareholder class action over the collapse of the Hastie Group, with Deloitte flagging its […]

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ASIC drops most claims against Rio Tinto over $5.8B acquisition
Securities 2022-02-28 1:31 pm By Miklos Bolza

The Australian Securities and Investments Commission has dropped all but one claim against Rio Tinto in a four-year-long case over disclosures related to its troubled […]

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Landmark class closure judgments ‘plainly wrong,’ appeals court told
Class Actions 2022-02-25 10:29 pm By Miklos Bolza

Judgments shooting down a class closure order and nixing notice of a possible class closure order were “plainly wrong” and “infected” by faulty reasoning, the […]

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GetSwift says stock price drop didn’t prove ‘materiality’ of ASX statements
Securities 2022-02-24 10:22 pm By Sam Matthews

Logistics company GetSwift will argue on appeal that a judge who found the company took a “PR-driven approach” to ASX statements was wrong in his […]

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