The judge presiding over jostling shareholder class actions against logistics software company GetSwift suggested on Tuesday a “bill of peace” to join the actions, but lawyers leading the competing cases warned of the “economic hazard” of a merger.
The Australian Securities and Investments Commission has lost its appeal in a case against a former Australian Wheat Board senior executive over an alleged kickback scam in relation to the United Nation’s Oil-for-Food programme.
Class action firm Slater & Gordon is preparing an investor class action against logistics company Brambles over alleged misstatements about revenue and sales growth for the 2017 financial year.
Business litigation firm Quinn Emanuel Urquhart & Sullivan is examining a possible shareholder class action against AMP after the Royal Commission exposed damning revelations concerning the financial giant.
Banks face increased fines for corporate wrongdoing under reforms that also boost the powers of the watchdog amid stunning admissions by financial services firms at the Banking Royal Commission.
A judge has signed off on a $19.25 million settlement in a shareholder class action brought against directors of defunct laser technology company Arasor International Ltd and partners in auditing firm Grant Thornton South Australia, but cut the legal fees of Squire Patton Boggs and Piper Alderman by $250,000.
A judge has signed off on a multi-million dollar settlement in a class action by retirees who claim they lost $27 million with the collapse of property lender Wickham Securities
A former treasurer for Coffs Harbour City Council was “careless” for not analysing the financial products he invested millions of dollars of the city’s funds into, a lawyer for ANZ said last week at a class action trial against the bank and US ratings agency S&P Global.
Queensland mining tycoon and former MP Clive Palmer has been hit with a criminal case alleging he violated takeover laws by failing to make an offer after issuing a publicly proposed takeover bid for timeshare business The President’s Club Ltd.
A general counsel and a board member of a company linked to embattled G8 Education head Jennifer Joan Hutson are the latest to be charged over the childcare operator’s failed takeover bid for a rival.