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Law firm set to profit ‘handsomely’ from GCO in Crown class action, should pay up, court told
Class Actions 2023-11-16 10:03 pm By Sam Matthews

Crown Resorts is seeking $10 million in security for costs from the law firm running a shareholder class action accusing it of lax anti-money laundering […]

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‘You’ve got to learn to take yes for an answer’: Judge not inclined to seek Full Court’s view on solicitors CFO
Class Actions 2023-11-15 11:20 pm By Cat Fredenburgh

The judge overseeing a class action against collapsed investment manager Blue Sky has said he would not be inclined to seek clarity from the Full […]

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$110M settlement approved in AMP fees-for-no-service class action
Class Actions 2023-11-14 4:11 pm By Cat Fredenburgh

A judge has signed off on a $110 million settlement in a long-running shareholder class action against AMP over its fees-for-no-service conduct, including $26 million […]

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ANZ faces shareholder litigation over climate risk management
Financial Services 2023-11-10 2:07 pm By Christine Caulfield

ANZ is facing proceedings by a shareholder who wants the bank to turn over documents related to its risk management systems in response to concerns […]

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FleetPartners hit with shareholder class action
Class Actions 2023-11-08 2:48 pm By Cat Fredenburgh

Fleet management company FleetPartners has been stung with a shareholder class action over a revised 2019 earnings guidance that doomed its planned merger with McMillan […]

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BHP shareholders from secondary platforms not part of class action, court says
Class Actions 2023-11-03 11:46 pm By Christine Caulfield

BHP has won its argument that shareholders who did not purchase their stock while trading on one of the three exchanges on which the mining […]

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Consultation begins on 2-year review of continuous disclosure reforms
Policy and Regulation 2023-11-01 3:50 pm By Sam Matthews

The government is seeking submissions for a review of widely criticised Morrison-era reforms that weakened continuous disclosure obligations, but the review may be hampered by […]

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Group members to get $5.7M from ‘disappointing’ Deloitte class action settlement
Securities 2023-10-19 3:46 pm By Cindy Cameronne

A judge has signed off on a $18.5 million settlement in a six-year-old shareholder class action against Deloitte over its audits of collapsed construction group […]

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BHP says investors from secondary platforms can’t be in class action
Class Actions 2023-10-18 3:18 pm By Cindy Cameronne

BHP has argued that investors who bought shares through secondary platforms are excluded from a long-running shareholder class action over a failed Brazilian dam, a […]

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ANZ breached continuous disclosure rules during $2.5B share placement, court finds
Securities 2023-10-13 5:08 pm By Cindy Cameronne

A judge has handed down a landmark decision finding ANZ breached continuous disclosure rules by failing to disclose a $750 million bailout by underwriters Deutsche […]

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