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Ex-Keybridge CEO questioned about $4.75M bonus at trial
Former Keybridge CEO Nicholas Bolton has faced questions about a $4.75 million bonus he was paid on a $17.8 million deal with fund manager Magellan, on the second day of trial in proceedings by WAM over two transactions its alleges were oppressive to shareholders.
In CBA class actions, High Court asked to adopt Worley approach
The lead shareholder in class actions against CBA has urged the High Court to take a "common sense" approach to loss causation in securities cases, as endorsed by the Full Federal Court in last month's ruling for Worley's investors.
NT housing class action says split trial ruling based on ‘misunderstanding of fact’
A class action by public housing tenants in the Northern Territory claims a judge's decision to split the trial was based on a misunderstanding of fact and will lead to a "multiplicity of appeals".
Giggle for Girls asks High Court to undo discrimination win for trans woman
Social media app Giggle for Girls has asked the High Court to reverse a finding that it committed direct discrimination on the basis of gender identity by excluding a transgender woman from its platform.
Construction PRO
CITIC loses appeal against Mineralogy over $12B Sino Iron project
Clive Palmer’s Mineralogy has prevailed in an appeal as part of so-called mega litigation brought by CITIC over the $12 billion Sino Iron project in WA, with the court taking aim at both sides for the "intolerable" cost to the community of their endless dispute.
Cosette says Mayne backfilled sales estimates to meet $69.8M forecast
Kicking off its appeal of a finding that it couldn't walk away from a $672 million merger agreement with Mayne Pharma, US drug company Cosette has told a court that Mayne was not upfront about its financial position prior to the deal.
Construction PRO
Trial delayed in Villawood fraud suit over Wallan development
A trial in related cases by developer Villawood over a logistics estate near Wallan, Victoria has been pushed back to next year.
CBA tells High Court shareholders didn’t prove ‘any loss at all’
The Commonwealth Bank has urged the High Court to uphold a ruling rejecting shareholders' damages claims in two class actions, saying the decision correctly rejected their "conflation of materiality with loss".
In landmark ruling, Full Court finds Giggle for Girls discriminated against trans woman
The Full Court has found women-only social media app Giggle for Girls committed direct discrimination on the basis of gender identity by excluding a transgender woman from the platform and slapped its founder with aggravated damages for repeated misgendering during trial.
Full Court tosses appeal in live exports class action
The Full Federal Court has dismissed an appeal in a class action over the government’s 2011 live exports ban, which will have consequences for the damages that can be awarded to cattle exporters.