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Ernst & Young has settled all claims against it in a shareholder class action alleging the Big Four accounting firm and Pitcher Partners signed off on an overly rosy year-end financial report that failed to disclose risks and impairments associated with the law firm's disastrous $1.2 billion acquisition of UK insurance claims company Quindell.
Former secretary and general counsel for Noumi, formerly known as Freedom Foods, has dropped her unfair dismissal lawsuit after the maker of the popular Vitalife and MilkLab products tossed claims accusing her of serious misconduct.
Noumi, the company formerly known as Freedom Foods, has dropped defence claims that it was entitled to sack its former secretary and group general counsel for serious misconduct.
A shareholder class action against Treasury Wine Estates has won access to information said to prove there were reduced wine sales in the United States, with a judge finding the wine producer's redactions of board papers were “not justified”.
Regenerative medicine company Mesoblast is facing another class action over claims it misled shareholders about the potential application of a developmental stem cell product to treat terminally ill children.
A judge deciding one of the first ever applications by a law firm for a percentage cut of a class action will have to determine whether Victoria's ground-breaking contingency fee legislation allows a group costs order to operate with a sliding percentage return.
a2 Milk is facing a shareholder class action in New Zealand on behalf of investors who allegedly suffered loss when the company's share price plummeted on the heels of a revised outlook for the 2021 financial year amid challenges in the Chinese market.
Two law firms are joining forces in the hopes of winning a contest of competing securities class actions against technology company Nuix over its $1.8 billion IPO.
Logistics company GetSwift and its directors have dropped their challenge to a judgment that found the company breached its continuous disclosure obligations with its "PR-driven" approach to ASX statements.
A shareholder class action against Virgin Australia over representations made in a prospectus for a $324 million capital raising won't put a dent in the airline's financials, the company said Friday.