A lawsuit by iSignthis seeking over $27 million in damages from the ASX has been sent back for revision, after a judge found the fintech had failed to causally link how a report by the exchange led to lost contracts with five clients.
Law firm Gilbert + Tobin has won the dismissal of claims brought by businessmen Charif and Tarek Kazal over an alleged dishonest scheme to rob them of a 50 per cent stake in a lucrative Sydney waste facility that a judge said was “fundamentally incoherent”.
A $95 million settlement has been reached in a shareholder class action against facility services company Spotless Group, the largest settlement in a shareholder class action in two years.
Publication of a document outlining the Australian Stock Exchange’s reasons for suspending the shares of ISignthis would be ‘damaging’ to the fintech company and should be barred until after the trial, a court has heard.
BHP has failed in a bid to shut down a class action over the Fundao dam failure pending criminal proceedings in Brazil, with a judge ruling the mining giant would not be prejudiced if the case proceeded for now.
Maurice Blackburn has partly prevailed in an appeal of a judge’s decision to put the brakes on its shareholder class action against BHP while greenlighting a competing case brought by Phi Finney McDonald, with an appeals court ordering the rival law firms to negotiate a deal to consolidate their litigation.
The high-stakes contest to run a shareholder class action against BHP has begun, with lawyers for three competing cases all arguing in Federal Court Monday that there can be only one winner.