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Shareholders of the collapsed Babcock & Brown have failed in their challenge to a ruling tossing their cases for damages for disclosure breaches during the global financial crisis, with an appeals court finding the investors had not shown the breaches caused any loss.
Liquidators for Forum Finance have won court approval to sell a $1.2 million Mangusta luxury yacht as well as 12 properties owned by various companies within the Forum Group.
The applicant in a class action against PricewaterhouseCoopers over a $50 million bond prospectus for asset finance lender Axsesstoday has dropped claims accusing the accounting giant of being involved in the company's alleged misrepresentations.
Westpac has reached a settlement in a case brought by a former longtime employee and whistleblower who claimed the banking giant dismissed her in retaliation for complaints about its compliance failings.
A former Deutsche Bank executive named in a criminal cartel case over a $2.5 billion ANZ share placement says the charges against him are defective and should be quashed.
The Commonwealth Bank of Australia faces shareholder action seeking records on its financing of gas and fossil fuel projects to ensure compliance with the bank's environmental framework, the latest in the next frontier of litigation demanding climate change accountability.
A settlement has been reached in a Murray Darling wine making family's lawsuit accusing PricewaterhouseCoopers of providing bad unsolicited tax advice that caused them more than $200,000 in losses.
ASIC has agreed to provide Westpac with the transcript of a compulsory examination of one of its traders in court proceedings accusing the bank of insider trading in relation to the $16 billion privatisation of electricity provider Ausgrid.
The judge overseeing ASIC’s first COVID-19-related case has criticised personal lender ClearLoans’ delay in responding to the case, saying a change in the company's legal representation was not an excuse for defaulting on court orders.
A shareholder class action against defunct fund manager Blue Sky Investments and others will be filed by the end of the year, Lawyerly has learned.