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CIMIC settles shareholder class action for $45.25M
Securities 2024-12-18 6:25 pm By Andy Sidler

CIMIC has agreed to pay $45.25 million to settle a shareholder class action alleging it failed to properly inform the market about its investment in a Middle East company. 

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Mesoblast class action settlement wins court OK
Class Actions 2024-12-16 11:17 pm By Christine Caulfield

A court has approved a $26.5 million settlement in a shareholder class action against regenerative medicine company Mesoblast.

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Nuix class action judge rejects bid to close shareholder class action up to trial
Class Actions 2024-12-04 11:19 pm By Andy Sidler

A judge has made a class closure order in a shareholder case against software company Nuix and underwriter Macquarie Capital, but rejected a bid to keep the order in operation until trial.

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Google’s ad tech dominance probed by second class action firm
Competition & Consumer Protection 2024-11-29 2:25 pm By Andy Sidler

A second law firm has launched a class action investigation into Google’s dominance in the online advertising exchange, alleging breaches of competition laws. 

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‘Our integrations are on track’: Class action flags WiseTech response to short seller report
Class Actions 2024-11-21 11:17 pm By Cindy Cameronne

A shareholder class action against WiseTech has cited the logistics company’s response to a short seller’s report as proof of its failure to disclose the true performance of businesses purchased during an acquisitions streak. 

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CBA slams class actions’ ‘misguided’ theory on appeal
Class Actions 2024-11-19 11:03 pm By Sam Matthews

CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.

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CBA class action judge used ‘far too onerous’ test, appeals court told
Class Actions 2024-11-18 11:38 pm By Cindy Cameronne

Two failed class actions against CBA claim a judge used a “far too onerous test” for materiality in deciding whether the bank should have told the market about deficiencies in its anti-money laundering systems. 

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WiseTech Global faces class action by shareholders
Technology 2024-11-12 11:14 pm By Christine Caulfield

WiseTech has been hit with a class action over disclosures linked to the performance of its acquired businesses, but the recent allegations plaguing the logistics software company could come under the microscope too.

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Judge mulls CFO to cut Mayne class action funder’s commission
Class Actions 2024-11-08 11:48 pm By Andy Sidler

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. 

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BHP says shareholders can’t expand class action because of ‘drafting error’
Class Actions 2024-11-08 11:12 pm By Cindy Cameronne

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.

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