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Investors have lost their class action against Perth-based Iluka Resources, the latest shareholder class action to fail after pushing through to trial.
Full Court says Facebook can be sued in Australia over Cambridge Analytica scandal
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The Full Federal Court has held Facebook can be sued in Australia for allegedly disclosing the personal data of over 300,000 users to political research firm Cambridge Analytica.
Fairfax slams Ben Roberts-Smith barrister’s cross-examination technique
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Fairfax has accused senior counsel representing Ben Roberts-Smith of using cross-examination to try to identify the source of allegedly defamatory articles that accused the former SAS soldier of war crimes.
Law firm sues Lloyd’s syndicate over coverage for $3.7M settlement
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One of Australia’s largest law firms has taken its insurer to court for failing to cover part of a $3.7 million settlement of a claim stemming from the sale of apartments at a $105 million South Yarra complex developed by millionaire Harry Stamoulis.
Deloitte report on Mercedes-Benz fixed-price model was ‘spin’, court hears
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Australian Mercedes-Benz dealers behind a $650 million lawsuit over the car maker’s decision to move to a fixed-price agency model allege the car maker engaged Deloitte as a consultant so it could “spin” its real reasons for making the change.
ASIC grills brother of former Nuix CFO as part of insider trading probe
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The corporate regulator has confirmed it has questioned the brother of former Nuix CFO Stephen Doyle and might seek further examination as part of its ongoing investigation of the troubled tech company.
Class action against Hog’s Breath Cafe can’t dodge $1.2M security
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Franchisees of the Hog’s Breath Cafe restaurant chain must pay $1.23 million in security for legal costs in their class action against the franchisor, and the matter is stayed until they can pony up the first installment.
Blue Star Helium’s former boss appeals ban over ill-fated Texas oil asset sale
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The former CEO of Blue Star Helium is challenging a ruling that slugged him with a $40,000 penalty and a four-year ban for failing to disclose to shareholders the identify of the buyer behind a botched sale of Texas oil assets.
Banksia class action lawyer loses practicing certificate in ‘bombshell’ move by watchdog
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The solicitor who was found to have acted as a “postbox” to conceal conflicts of interest in the Banksia class action has lost his practicing certificate ahead of a hearing to show cause why he should remain on the roll.
Arrium shareholders in class action can’t access full KPMG audit file
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Shareholders in a class action against failed steel giant Arrium and KPMG have lost their bid for KPMG’s complete audit file for Arrium to probe the Big Four accounting firm’s handling of the steel producer’s financial statements before its collapse in April 2016.