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GetSwift class action settlement at risk as financial position in doubt
A settlement agreement in a shareholder class action against GetSwift may be scrapped as the applicant seeks more information as to whether the logistics company is solvent or about to go under.
High Court to decide if class action shareholders can publicly grill directors
A case before the High Court could have major implications for company directors, giving shareholders in class actions the power to drag them before court for public examination.
Arasor class action applicant sues funder over $1.2M in expenses
One of the applicants in a settled shareholder class action against tech company Arasor has sued the funder that backed the case alleging it is owed $1.2 million in personal expenses accrued while serving as lead applicant on the case.
CBRE can’t dodge Trilogy Funds case over $34.8M valuation
Commercial real estate giant CBRE Group has lost its bid to toss proceedings brought by fund manager Trilogy claiming the company negligently valued a Queensland marina at $34.8 million in 2006 and caused millions in losses.
Arrium class action seeks unredacted KPMG audit file
Shareholders in a class action against failed steel giant Arrium and KPMG are seeking an unredacted version of an audit file by KPMG to probe the accounting giant's handling of the steel producer's financial statements before its collapse in April 2016.
Macquarie Group targeted in second class action over $1.8B Nuix IPO
The battle to lead a shareholder class action against Nuix over its $1.8 billion initial public offering is on, with a second class action lobbed that accuses the embattled technology company and underwriter Macquarie of failing to alert shareholders to a slew of "red flags" in the business.
Arrium class action plaintiffs can’t delay hearing on group costs order
The Victorian Supreme Court will push ahead with a hearing for a group costs order in a class action by Arrium shareholders despite requests by the applicants that it be put off until after judgment is issued on the second-ever group costs order request.
Tyro hit with class action over terminal outage
Payments provider Tyro has been hit with a class action over a days-long terminal outage that left many businesses unable to accept payments.
Murray Darling Basin Authority fails again to limit class action liability
The Murray Darling Basin Authority can’t rely on defences claiming it is a "public or other authority" to limit the liability of a class action brought over alleged negligent water management, an appeals court has found.
Arrium directors’ examination for class action not abuse of process, High Court told
Two shareholders of failed steel giant Arrium have told the High Court that granting their bid to grill former directors of the company would not be an abuse of process because it was in the public interest to “expose” the management of the defunct business.