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Two shareholder class actions against sandalwood producer Quintis that reached an in principle settlement over a year ago are moving forward following a protracted dispute over insurance, with the lead applicants getting approval to file proposed amended pleadings.
A settlement reached in a lawsuit by the liquidators of collapsed steel giant Arrium against 10 former company directors accused of insolvent trading has been approved by a judge, who noted that while the settlement amount was "substantial", the deal involved a "substantial compromise".
Global resources giant BHP Group is seeking special leave from the High Court to appeal a ruling that rejected its bid to exclude foreign investors from a shareholder class action over the 2015 Fundao dam disaster.
After winning a three-way contest to lead a shareholder class action against construction giant Boral, Maurice Blackburn is seeking to stay a competing class action by Phi Finney McDonald that was allowed to continue as a closed class action.
The corporate regulator has secured a travel ban against the brother of former Nuix CFO Stephen Doyle as it pursues a criminal investigation of alleged insider trading by the executive and his family.
The Australian Federal Police executed a search warrant on the Sydney office of technology company Nuix, which is now facing the threat of at least three class actions over disclosures concerning its $2.9 billion float, one of which is now well advanced.
Law firm Slater & Gordon is investigating a shareholder class action against Australia’s largest onshore oil producer Beach Energy, following a significant decline in its projected earnings from oil reserves on the Western Flank in South Australia.
The Australian Securities and Investments Commission's new chair Joseph Longo has defended his team's work in reviewing the Nuix prospectus before the embattled tech company's $2.9 billion float late last year.
Payments processing company EML is looking at two potential shareholder class actions over its alleged failure to notify the market of concerns by Ireland's central bank relating to compliance with anti-money laundering regulations.
A judge has awarded $43 million to National Australia Bank in its lawsuit against former directors of failed retailer Dick Smith, but threw out claims against company directors brought by HSBC and the retailer's receivers.