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The High Court has agreed to weigh in on two failed shareholder class actions against the Commonwealth Bank, in a case that could clarity the elusive test for damages in shareholder class actions.
ASIC failed to warn Equity Trustees about Keystone fund, court told
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Ahead of a first case management hearing this month, superannuation fund trustee Equity Trustees has hit back at ASIC’s action over member’s investment in the now defunct Shield fund, saying the regulator failed to warn it.
Egg donors tossed from IVF rebate class action
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Women who donated eggs to their same-sex partners have been removed from a class action that claims women and lesbian couples were unlawfully denied Medicare rebates for IVF.
Qube agrees to Macquarie’s $11.7B takeover offer
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Qube’s board has accepted an $11.7 billion takeover offer by a Macquarie Asset Management-led consortium, saying the deal represents a “significant premium” on the infrastructure giant’s share price.
Native Title holder loses challenge to Uro Western’s expedited exploration bid
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An appeals court has affirmed a decision which found the Western Australian government’s decision to expedite an exploration application by mining company Uro Western is not subject to judicial review.
Film producer loses battle over property deal with Bondi neighbours
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The film producer behind Angel Baby, Rabbit Proof Fence, and Romper Stomper has been ordered to sell his shares of a property development joint venture he founded with his neighbours.
Snowdon Development liquidators settle claims against Barro Group
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Liquidators of collapsed Snowdon Developments have reached a settlement with cement supplier Barro Group as part of efforts to claw back payments allegedly made when the Melbourne developer was insolvent.
Allens advises Keppel on landmark $10B AI hub
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Allens is positioning itself as a go-to firm for AI infrastructure deals, advising Singapore-based asset manager Keppel on a new $10 billion AI data centre hub.
Daniel Andrews hits back at defamation case over bike collision
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The cyclist involved in a collision with former Victorian premier Daniel Andrews and his wife wanted more than half a million dollars in return for dropping threats of defamation proceedings, the couple has told the Federal Court.
Despite flight risk concerns, Shield-linked director can leave Australia
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A former director of two marketing companies linked to the failed Shield and First Guardian funds can leave Australia for 12 days, despite ASIC’s concerns he is a flight risk.