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A ruling that clarified the materiality requirement in continuous disclosure cases could lead to more regulatory actions and activist shareholder claims, but won’t boost shareholder class actions, experts say.
Former Noumi CFO set to cop $100,000 penalty in ASIC case
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A judge has indicated he will sign off on a $100,000 penalty and four-year ban against the former CFO of Noumi, who has admitted his role in the food company’s non-disclosures.
Qantas’ $120M deal to resolve ‘ghost flights’ case wins court approval
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A court has approved a $100 million penalty and another $20 million payment in compensation for Qantas customers after the airline admitted to selling tickets on cancelled flights.
Class action probe underway over Queensland property taxes
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A law firm is investigating a potential class action against the Queensland government over stamp duty and land tax surcharges on foreign property purchasers.
HSU secretary can’t use union funds for legal defence
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A judge has restrained Health Services Union secretary Diana Asmar from using union cash to fund her defence against allegations of illegitimate reimbursements at the union’s Victorian branch.
Hitachi Rail liable for $2.6M after late service in Sydney metro build dispute
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Save (0) Please login to bookmark Close Username or Email Address Password Remember Me Hitachi Rail is on the hook for the costs of two electrical engineering contractors who worked on a new Sydney train stations after submitting a payment schedule a day late. NSW Supreme Court Justice James Stevenson found Friday that two payment…
Macpherson Kelley welcomes new litigation, property and tax experts
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Macpherson Kelley has recruited a property expert from Hall & Wilcox, as well as the former head of commercial litigation at SLF Lawyers and a tax lawyer from PCL Lawyers, in an expansion of its national team.
Doctors can’t cut ACL claims from cosmetic surgery class action
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A judge has signed off on the eighth version of a class action against Sydney doctor Daniel Lanzer and several of his associates over allegedly negligent cosmetic surgeries.
Aristocrat sues rival, ex-employees over Dragon Link trade secrets
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Aristocrat has sued competitor Light & Wonder and two former employees for allegedly using confidential information about its popular Dragon Link poker game to develop a competing product.
Worker who criticised ATO on LinkedIn post was not terminated: FWC
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An ATO employee who claimed he was bullied after criticising the regulator’s data management practices in a LinkedIn comment resigned of his own accord, the Fair Work Commission has found.