Most Recent
ASIC accuses McPherson’s of continuous disclosure breaches
ASIC 2022-12-09 3:20 pm By Sam Matthews Melbourne
The Australian Securities and Investments Commission has sued health and beauty giant McPherson’s Limited and its former CEO over alleged continuous disclosure breaches and misleading or deceptive conduct during a capital raise in late 2020.
Law firm’s cut of EML class action driven down by carriage fight in separate case
Class Actions 2022-12-08 11:30 am By Sam Matthews Melbourne
A judge has granted a law firm's bid for a group costs order in a shareholder class action against payments processing company EML, but has trimmed its proposed cut of any recovery after comparing it to the contingency fee rate the firm accepted in another class action.
Battle to run Blue Sky, EY class action not over, as firm appeals order to team up with rival
Appeals 2022-12-08 10:55 pm By Christine Caulfield
A law firm wants to challenge a court order that it play nice with a competing firm in a class action for investors against Blue Sky Alternative Investments and auditor EY.
Boral’s privilege claim upheld over EY investigation in shareholder class action
Accounting 2022-12-06 10:09 pm By Cindy Cameronne Sydney
Boral has won its bid to shield from shareholders in a class action three investigative reports, including one by accounting giant EY, concerning financial irregularities in the construction company's North America windows business.
Vanguard hit with penalty for misleading investors about ‘ethical’ fund
ASIC 2022-12-02 1:42 pm By Sam Matthews Melbourne
Vanguard Investments has coughed up almost $40,000 for allegedly misleading investors about funds that purportedly did not invest in companies that sell or manufacture tobacco.
A2 Milk class action can pursue NZ claims
Alexandra Folie 2022-12-01 10:28 pm By Cindy Cameronne Sydney
A shareholder class action against a2 Milk has won its bid to include claims under New Zealand law over the dairy company's disclosures to the New Zealand stock exchange.
Judge asks if tiered contingency fee ‘meaningless’ in Crown class action
Allens 2022-11-24 11:35 pm By Cindy Cameronne Sydney
A judge has questioned a tiered contingency fee arrangement in a proposed group costs order by the law firm running a shareholder class action against Crown, asking whether the lower-end percentages were “meaningless”.
Law firms ordered to join forces in Blue Sky, EY class action
Banton Group 2022-11-23 10:29 pm By Cindy Cameronne Sydney
A judge has ordered two law firms that filed competing shareholder class actions against failed Blue Sky Alternative Investments and auditor EY to team up to run a consolidated proceeding, despite opposition by one firm.
Battle to lead Blue Sky shareholder class action is on
Accounting 2022-11-21 3:28 am By Cat Fredenburgh
The law firm that filed a second securities class action against failed Blue Sky Alternative Investments and auditor EY has moved swiftly to stay a competing class action brought three months ago.
KPMG’s push to move Arrium class action to NSW goes south
Accounting 2022-11-18 11:43 pm By Christine Caulfield
The High Court has dismissed an application by accounting giant KPMG to transfer a class action over the collapse of mining company Arrium from Victoria to NSW.