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High Court ends BHP’s campaign to exclude foreign investors from class action
Class Actions 2022-10-12 11:58 am By Christine Caulfield

BHP Group has lost its High Court battle to keep foreign investors from an Australian shareholder class action over the devastating collapse of a Brazilian dam.

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Paltry pay day for IPO Wealth investors as $5.6M class action settlement approved
Financial Services 2022-10-12 11:06 am By Sam Matthews

Investors in Mayfair Groupā€™s collapsed IPO Wealth Fund have clawed back only a fraction of their alleged $67 million losses after a judge approved a settlement in a class action alleging the fundā€™s trustee misled unit holders.

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ā€˜Blood out of a stoneā€™: Class action settlement no big pay day for IPO Wealth investors
Class Actions 2022-10-04 2:22 pm By Sam Matthews

Investors in Mayfair Groupā€™s collapsed IPO Wealth Fund are set to recoup only a fraction of their alleged $67 million losses in a best-case settlement of a class action alleging the fundā€™s trustee misled unit holders.

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Crown wants contradictor to fight class action’s GCO application
Class Actions 2022-10-04 3:31 pm By Sam Matthews

Crown Resorts has asked the court to appoint a contradictor to fight against a group costs order sought in shareholder class action accusing the casino giant of lax anti-money laundering compliance over a six-year period.

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Trial judge in Brambles class action questions long-term financial forecasts
Trials 2022-08-10 11:50 pm By Sam Matthews

A judge overseeing the trial in a shareholder class action against chain logistics company Brambles has questioned the company’s use of long-term financial forecasts.

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Funder backing multiple cases against Deloitte can’t access docs in Noumi class action
Accounting 2022-07-25 11:35 pm By Sam Matthews

Deloitte has won its bid to keep confidential documents away from the funder backing a consolidated shareholder class against food company Noumi which alleges the auditor was complicit in misleading the market.

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Barrister cites finding that PwC used ‘postbox’ lawyer in Noumi class action privilege spat
Class Actions 2022-07-19 4:18 pm By Sam Matthews

A fight over a global privilege claim by Noumi has been foreshadowed in a consolidated shareholder class action against the food company, formerly Freedom Foods.

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Mayfair’s James Mawhinney agrees to steer clear of IPO Wealth investors
Class Actions 2022-06-10 3:41 pm By Cindy Cameronne

Mayfair Groupā€™s James Mawhinney has given an undertaking to not contact group members in a class action against a trustee of the collapsed IPO Wealth fund after allegedly urging investors, through a PR firm, to reject a settlement offer.

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Class action settlement with IPO Wealth trustee ā€˜a lot lessā€™ than investorsā€™ claims, court told
Restructuring & Insolvency 2022-06-02 6:30 pm By Cindy Cameronne

Investors in Mayfair Groupā€™s collapsed IPO Wealth Fund stand to recoup ā€œa lot lessā€ than their alleged $67 million in losses from a settlement in a class action alleging the fundā€™s trustee misled the unit holders — but they will take home 75 per cent of the resolution sum, a court has heard.

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Crown Resorts must tell class action what board knew about money laundering
Class Actions 2022-05-12 4:44 pm By Cindy Cameronne

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.

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