Two firms representing some Rio Tinto shareholders have lost their bid to intervene in Energy Resources’ fight to renew its lease for the Jabiluka uranium mine in the Northern Territory.
An administrator has won $1 million more in costs for distributing a class action settlement, but a judge warned any âovershootâ might not be borne by group members.
The lead applicant in a class action over the alleged unlawful detention of 240 Indonesian children and the Commonwealth are locked in a battle over the construction of a $27.5 million settlement reached last year.
Companies and government entities paid out less to settle class actions in 2023 than in the previous two years, with no mega settlements hitting their pocketbooks.
A $27.5 million settlement reached in a class action over the alleged unlawful detention of 240 Indonesian children has won court approval, but the applicant’s legal costs remain subject to negotiations.
Two law firms running competing class actions against Qantas over flight cancellations during the COVID-19 pandemic have agreed to cooperate after a judge took them to task for revising their funding positions in the lead up to a courtroom battle.
Nuix had information in January 2021 which undermined the growth story presented to the market in the prospectus for its IPO, a court has heard on the first day of ASICâs case against the tech company and a handful of former directors.
A leading class action firm may seek compensation for those who were illegally detained after the High Court ruled that Australia’s system of holding individuals indefinitely in immigration detention is unlawful.
As it readies its civil penalty suit against tech company Nuix for trial, ASIC has flagged a possible dispute about the extent of penalty privilege pleaded by a handful of former and current directors named in the case.
A shareholder class action against software company Nuix will go ahead as planned, after a stay application threatened to put the proceeding on ice pending the outcome of a separate case brought by ASIC.