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A shareholder class action against Nuix has argued that its IPO should never have gone ahead, taking the court to email exchanges about its history of disappointing results, which the tech company's former CFO called "worse than terrible".
A shareholder class action against KPMG and ex-Arrium directors says the company's accounts were infected by "chronic and systemic overoptimism", with the former operator of Whyalla Steelworks portraying as viable a business that was impaired up to $2.8 billion.
As proof of its popularity as a class action jurisdiction, the Supreme Court of Victoria will hear opening submissions in three class action trials on Monday, an unprecedented number in a single day for the court.
Web Travel Group has been hit with a class action by investors who say the value of their shares plummeted after misleading 2025 earnings guidance was corrected.
A potential issue has arisen in a shareholder class action against Light & Wonder over an employee's theft of rival Aristocrat's trade secrets, with the court hearing the gaming company's $190 million settlement with Aristocrat requires it to destroy documents that could be relevant to the case.
A judge has ruled that former Noumi CEO Rory Macleod failed to ensure the company complied with its financial reporting obligations, but found several of the corporate regulator’s claims fell flat.
A judge has ordered a class action against Fitch to fork over $12.4 million in security, refusing to discount the sum for what the class action called the company's 'Rolls-Royce' defence.
Investment manager Macquarie is the first to face a class action by investors who sank their super into the Shield and First Guardian Master Funds, with other investigations underway.
A class action against CMC Markets has agreed to provide an additional $6.5 million in security, with the parties avoiding a contested hearing over the online trader's bid for $8.6 million.
The number of new class actions this year is on track to be the lowest in 10 years as plaintiff firms wait to see which way the High Court will lean in a crucial shareholder case and funders redeploy capital to nascent class action jurisdictions.