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Quintis misled the market, but class action’s loss narrative lost the case
Class Actions 2025-02-25 11:50 pm By Christine Caulfield

In tossing the sixth securities class action to go to trial in recent years, a Federal Court judge has shown the task of proving shareholder loss is a doozy.

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BHP says ‘extremely significant’ changes to class action put trial date at risk
Energy & Natural Resources 2025-02-25 3:26 pm By Sam Matthews

BHP has asked for more time to grapple with a shareholder class action’s amended pleading, saying the changes, if allowed, threaten to derail the trial start date in September.

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Shareholder class action against EY, Quintis founder dismissed by court
Class Actions 2025-02-24 9:44 am By Christine Caulfield

Although finding the former director of Quintis and its auditor, EY, engaged in misleading and deceptive conduct, a judge has dimissed a class action by the sandalwood producer’s shareholders.

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Funders, lawyers ‘picking over bones of carcass’ in Quintis settlement: judge
Class Actions 2025-02-24 11:16 pm By Cindy Cameronne

A judge is concerned that if he approves all payouts sought by lawyers and funders from a $13.5 million settlement in a class action against a Quintis director, group members will only he left with just 18 per cent. 

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EML wins extra time to respond to class action’s ‘new case’
Class Actions 2025-02-20 4:54 pm By Sam Matthews

Payments processing company EML has won more time to respond to a new pleading in a shareholder class action over its alleged failure to disclose Ireland central bank’s concerns with its anti-money laundering compliance.

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US property giant CoStar makes $2.7B play for Domain
Securities 2025-02-21 5:02 pm By Sam Matthews

Nine-owned Australian property marketplace Domain is weighing up a $2.7 billion cash takeover offer from US-based CoStar Group, which snapped up a 16.9 per cent share in the company on Thursday.

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Stockland locks in $800M in deals with KKR, M&G Real Estate
Construction 2025-02-21 5:18 pm By Cindy Cameronne

ASX-listed Stockland has secured two new logistics deals with global investment firm KKR and property investor M&G Real Estate worth a total of $800 million. 

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WiseTech shareholder class action loses bid for early discovery
Class Actions 2025-02-19 2:53 pm By Andy Sidler

A judge has declined an early bid for broad discovery in a shareholder class action against tech firm WiseTech, after hearing it would require the production of “truckloads” of irrelevant material.

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TerraCom directors to claim penalty privilege in novel ASIC case
ASIC 2025-02-18 2:14 pm By Julia Kanapathippillai

Four directors of coal producer TerraCom have flagged they will not show their hand in the corporate regulator’s first-ever case alleging breaches of whistleblower protections.

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Goodman Group seeks to raise $4.4B to fund investment in data centres
Securities 2025-02-19 11:35 pm By Andy Sidler

Property developer Goodman Group is seeking to raise $4.4 billion to fund its investments in data centres, as demand increases from the expanded use of cloud computing and artificial intelligence.

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