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Crown pays $125M to settle class action over Chinese gambling disclosures
Class Actions 2021-10-29 9:30 am By Christine Caulfield Melbourne
Crown Resorts has reached a $125 million settlement in a shareholder class action, avoiding a six-week trial scheduled to begin on Monday.
Class action silks thank court for OKing in-person trial that didn’t happen
Class Actions 2021-10-29 7:27 pm By Christine Caulfield Melbourne
A settlement in the class action against Crown Resorts put paid to an in-person trial before it began, but gathering in court on Friday to notify the presiding judge of the happy outcome was enough to remind the Victorian litigators what they had missed over the past 18 months.
Arnold Bloch Leibler, Slater & Gordon settle class action over Quindell acquisition
Accounting 2021-10-27 12:16 pm By Miklos Bolza Sydney
An in-principle settlement has been reached with law firms Arnold Bloch Leibler and Slater & Gordon in a class action over Slater & Gordon's disastrous $1.2 billion Quindell acquisition.
Investors lose joint appeal bid to boost slice of Halifax liquidation assets
Alec Leopold 2021-10-27 3:13 pm By Miklos Bolza Sydney
Investors in collapsed stockbroker Halifax Investment Services have failed to overturn decisions in Australia and New Zealand relating to the date of realisation of their investments which have decreased the amount they can recover in the company's liquidation.
ASIC mulls action against super fund execs for investment switching with insider intel
ASIC 2021-10-27 8:13 pm By Cindy Cameronne Sydney
ASIC has flagged it may take regulatory action against super fund executives and directors for switching personal investment options using insider information.
Beach Energy faces second shareholder class action investigation over Western Flank disclosures
Class Actions 2021-10-26 9:37 pm By Cat Fredenburgh Melbourne
Australia’s largest onshore oil producer, Beach Energy, is facing a second shareholder class action investigation into whether it misled the market with its projected earnings from oil reserves on the Western Flank in South Australia.
Embattled Sports Flick founder brings $12.7M case against former investors
ASIC 2021-10-25 2:34 pm By Miklos Bolza Sydney
The founder of troubled sports streaming start-up Sports Flick has filed a $12.7 million lawsuit against former investors seeking to be reinstated as director and shareholder of the company.
Arrium class action plaintiffs can’t delay hearing on group costs order
Ashurst 2021-10-22 3:01 pm By Miklos Bolza Sydney
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.
Star Entertainment’s woes worsen with third class action probe
Class Actions 2021-10-21 7:06 pm By Christine Caulfield Melbourne
A third law firm has launched an investigation into a potential shareholder class action against Star Entertainment Group after a $1 billion share price nosedive on the back of allegations of lax management of anti-terrorism and money laundering risks.
a2 Milk faces new shareholder class action investigation
Class Actions 2021-10-21 1:32 pm By Miklos Bolza Sydney
The a2 Milk Company is facing the prospect of a second shareholder class action over its 2021 financial guidance and subsequent downgrades following Slater & Gordon's case earlier this month.