CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.
The Full Court has heard that a judge’s finding on materiality in two failed shareholder class actions against CBA could haveĀ ātroublingā repercussions for insider trading cases and must be overturned.
Two failed class actions against CBA claim a judge used a āfar too onerous testā for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems.Ā
Evidence sought by Fletcher Building from a judge’s former law firm as part of the construction company’s recusal bid is inadmissible, a court has ruled.
The ASX has denied ASIC’s claims that it misled about the progress of the replacement project for its CHESS share registry, saying it had a reasonable basis for stating the project was on track.
A judge has raised concerns about delays in paying three former Qantas baggage handlers compensation after an appeals court agreed they were illegally sacked and replaced with contractors during the COVID-19 pandemic.Ā
Herbert Smith Freehills is planning a merger with US law firm Kramer Levin that will make it one of the 20 largest firms worldwide with over US$2 billion in combined revenue from day one.Ā
A judge has overturned energy minister Chris Bowen’s refusal to greenlight energy company Seadragonās offshore wind farm project off the coast of Gippsland.
A commission baked into a funding agreement in a class action against Mayne Pharma is under threat, with a judge mulling an order off his own bat to cut the rate.Ā
BHP has told an appeals court a shareholder class action should not be allowed to expand the group definition to correct an alleged drafting error.