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The judge who tossed a class action by Quintis' shareholders should have found a restatement of assets would have materially affected the sandalwood company's share price "as a matter of common sense", a court has been told.
A law firm is looking into a potential class action on behalf of investors who pumped $1 billion of their superannuation into two failed funds, amid fears by ASIC of "catastrophic" losses.
The Full Court has rejected ASIC's appeal of a ruling that fintech Finder did not need a financial services licence to sell its defunct cryptocurrency product, saying the product did not involve a debt for money.
Westpac can shield reports prepared by Allens from a class action over money laundering compliance, with a judge finding they were produced predominantly in defence of AUSTRAC action that preceded the case.
Five passengers who were forced off a Qatar Airways flight and strip searched at Doha International Airport have successfully appealed the summary dismissal of their case against the airline, with the Full Court finding key issues were not suited for summary determination.
A judge has said a $360 million settlement in a US class action could be relevant to deciding whether to vary a 25 per cent contingency fee in an Australian class action against Hino Motors, which settled for $87 million.
Construction PRO
The NSW Independent Planning Commission failed to consider the local impact of climate change when approving the expansion and extension of MACH Energy’s Mount Pleasant coal mine, an appeals court has ruled.
A judge has called the conduct of proceedings concerning a service station business “atrocious” and dismissed the claim after it was on foot for six years.
The applicants in an unsuccessful class action against the founder of sandalwood producer Quintis and auditor EY is challenging the dismissal of his case -- the sixth shareholder class action to fail at trial.
Ord Minnett has resolved a suit by a former exec claiming he was sacked for complaining about a $110,000 pay cut imposed after ASIC slapped the wealth management firm with a $880,000 penalty for breaching market integrity rules.