CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.
The Full Court has heard that a judge’s finding on materiality in two failed shareholder class actions against CBA could haveĀ ātroublingā repercussions for insider trading cases and must be overturned.
Two failed class actions against CBA claim a judge used a āfar too onerous testā for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems.Ā
ASIC wants the Full Court to overturn a finding that Noumi waived privilege over a PwC report produced under a voluntary disclosure regime, arguing the regime benefits the public in making investigations more efficient.
A judge has refused to stay a fight between the tax office and software company Oracle over royalties, findingĀ determination of the dispute will guide 15 other cases.
The NSW appeals court has clarified the operation of the Uniform Law in the state, finding that insurers offering professional indemnity insurance to legal practitioners must be approved by the state’s Attorney General.
A personal injury firm that lost out to a class action heavyweight in a contest to run a case against Toyota unit Hino has dropped its appeal and will wear the costs it incurred in bringing its case.
Unanimously dismissing an appeal by thoroughbred breeding and horseracing giant Godolphin, the High Court has ruled on the proper construction of a tax exemption for rural land in NSW.
The Queensland Civil and Administrative Tribunal has ruled that social media giant X must face a human rights complaint brought by a Muslim advocacy group over allegedly dehumanising material on the site.
Five passengers who were forced off a Qatar Airways flight and strip searched at Doha International Aiport have appealed a ruling summarily tossing their claims against the airline.