Shareholders in a class action against failed steel giant Arrium and KPMG are seeking an unredacted version of an audit file by KPMG to probe the accounting giant’s handling of the steel producer’s financial statements before its collapse in April 2016.
The battle to lead a shareholder class action against Nuix over its $1.8 billion initial public offering is on, with a second class action lobbed that accuses the embattled technology company and underwriter Macquarie of failing to alert shareholders to a slew of “red flags” in the business.
The Victorian Supreme Court will push ahead with a hearing for a group costs order in a class action by Arrium shareholders despite requests by the applicants that it be put off until after judgment is issued on the second-ever group costs order request.
Payments provider Tyro has been hit with a class action over a days-long terminal outage that left many businesses unable to accept payments.
The Murray Darling Basin Authority canât rely on defences claiming it is a “public or other authority” to limit the liability of a class action brought over alleged negligent water management, an appeals court has found.
Two shareholders of failed steel giant Arrium have told the High Court that granting their bid to grill former directors of the company would not be an abuse of process because it was in the public interest to âexposeâ the management of the defunct business.
Eight major banks, including Credit Suisse, Deutsche Bank and Citicorp, are facing a lawsuit for withdrawing financial support for a project to build and launch the first independently owned satellite in Australia.
The Murray-Darling Basin Authority will soon make its case directly to an appeals court that it can rely on defences limiting its liability to farmers in a class action alleging negligent oversight of the river system, a question that could have implications for other climate change cases against government agencies.
A judge has grudgingly agreed to allow a law firm to run an investor’s case against S&P Global over ratings on toxic financial products separately from a class action that makes the same claims, but was warned of the “costs consequences” of the parallel proceedings.
A Sydney-based broker is facing a class action investigation on behalf of customers who bought binary options over a six-year period, after the Australian Securities and Investments Commission banned the risky derivatives earlier this year after finding they were likely to cause âsignificant detrimentâ.