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IC Markets CEO hit with guillotine orders for filing defence
Class Actions 2024-12-19 3:40 pm By Andy Sidler

A judge has set a final deadline for the CEO of International Capital Markets to file his defence in a class action over risky contracts for difference.

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Boral wins challenge to CEO cross-examination in class actions
Class Actions 2024-12-18 4:43 pm By Cindy Cameronne

Boral has won a legal challenge to its former CEO facing cross-examination in a shareholder class action trial over an email referring to a confidential EY report. 

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Second judge has rosier view of claims in class action over $85M development
Real Estate 2024-11-22 1:26 pm By Sam Matthews

The judge overseeing a class action over the $85 million sale of a Sydney development has expressed a more favourable view of the plaintiffs’ claims than a judge who denied them an interim injunction.

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S&P entitled to Rolls-Royce defence in CDO class action: court
Financial Services 2024-10-28 11:26 pm By Cat Fredenburgh

S&P is free to pay for a Rolls-Royce defence in “Rolls-Royce litigation” that alleges the agency engaged in fraud in assigning ratings to risky financial products, a judge has said.

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Richard Pratt’s daughter gets second shot at slice of family fortune
Estates 2024-10-16 11:38 pm By Andy Sidler

A daughter of the late Visy tycoon Richard Pratt has won another shot at a piece of the multi-billion-dollar family fortune.

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Cooperation not irrelevant in class action beauty parades, appeals court says
Appeals 2024-10-15 11:21 pm By Sam Matthews

An appeals court has backed a decision awarding carriage of a shareholder class action against Downer EDI to two firms that joined their cases, rejecting an argument that it would encourage races to consolidate.

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‘8 words in an email’: Boral slams ruling clearing class action to grill CEO
Class Actions 2024-10-03 1:56 pm By Sam Matthews

Boral has asked the Full Court to hear its appeal of a decision allowing its former CEO to be questioned about an email that mentioned a confidential EY report.

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S&P class action judge to hear fight over evidence of fraud
Class Actions 2024-09-30 11:30 pm By Andy Sidler

A class action over S&P’s rosy ratings on risky financial products faces a preliminary fight over the relevance of expert evidence that seeks to prove fraud on the part of the ratings agency.

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Class action over $85M Clydesdale development loses injunction bid
Class Actions 2024-09-26 11:36 pm By Sam Matthews

A class action by frustrated buyers over the $85 million sale of a Sydney development has failed to prevent the sale of lots, with a judge finding the class action’s claims lack evidence.

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Boral class action trial paused as appeal flagged over questioning of ex-CEO
Trials 2024-09-11 3:35 pm By Christine Caulfield

Trial in a shareholder class action against Boral has been halted amid an appeal over a decision to allow questioning of former CEO Michael Kane about an email that mentioned a confidential EY report.

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