Most Recent
Law firm’s tiered contingency fee in doubt in Beach Energy class actions
Alistair Pound 2022-05-19 2:44 pm By Christine Caulfield
A judge deciding one of the first ever applications by a law firm for a percentage cut of a class action will have to determine whether Victoria's ground-breaking contingency fee legislation allows a group costs order to operate with a sliding percentage return.
Mesoblast hit with shareholder class action over stem cell treatment
Class Actions 2022-05-19 4:16 pm By Sam Matthews Melbourne
Regenerative medicine company Mesoblast is facing another class action over claims it misled shareholders about the potential application of a developmental stem cell product to treat terminally ill children.
a2 Milk hit with another shareholder class action
Benjamin Cameron 2022-05-18 5:38 pm By Cat Fredenburgh Melbourne
a2 Milk is facing a shareholder class action in New Zealand on behalf of investors who allegedly suffered loss when the company's share price plummeted on the heels of a revised outlook for the 2021 financial year amid challenges in the Chinese market.
Law firms team up to join two Nuix class actions, want third case shut down
Banton Group 2022-05-17 10:06 pm By Christine Caulfield
Two law firms are joining forces in the hopes of winning a contest of competing securities class actions against technology company Nuix over its $1.8 billion IPO.
GetSwift, directors drop appeal of judgment on ‘PR-driven’ approach to disclosures
Alan Shearer 2022-05-16 11:38 pm By Cat Fredenburgh Melbourne
Logistics company GetSwift and its directors have dropped their challenge to a judgment that found the company breached its continuous disclosure obligations with its "PR-driven" approach to ASX statements.
KPMG takes Arrium class action venue battle to High Court
Accounting 2022-05-13 1:33 pm By Christine Caulfield
A fight over the venue for a class action against KPMG by investors in the collapsed mining company Arrium has been taken to the High Court, and at the centre of the battle is a contingency fee order made in the case.
Virgin Australia won’t take financial hit from shareholder class action
Aviation 2022-05-13 10:02 pm By Christine Caulfield
A shareholder class action against Virgin Australia over representations made in a prospectus for a $324 million capital raising won't put a dent in the airline's financials, the company said Friday.
Crown Resorts must tell class action what board knew about money laundering
Allens 2022-05-12 4:44 pm By Cindy Cameronne Sydney
A judge overseeing a shareholder class action against Crown Resorts has ordered the casino giant to give details of board members' knowledge about two bank accounts which were allegedly used to launder hundreds of millions of dollars.
Ex-Bellamy’s director Jan Cameron sues to avoid tax on sale of 2.5M shares
ASIC 2022-05-11 5:00 pm By Cindy Cameronne Sydney
Former Bellamy’s Australia director Jan Cameron has filed proceedings against the Australian Taxation Office to avoid paying capital gains tax on the sale of 2.5 million shares in the organic baby food company 2018.
ASIC says Australian Mines lied about funding for ‘critical’ $500M project
ASIC 2022-05-10 4:53 pm By Cat Fredenburgh Melbourne
The corporate regulator has taken Australian Mines to court after its managing director was allegedly caught lying at an investment conference about the value of an offtake agreement and funding for a project at its cobalt and nickel mine in Queensland.