Boral has won a legal challenge to its former CEO facing cross-examination in a shareholder class action trial over an email referring to a confidential EY report.
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.
A court has approved a $26.5 million settlement in a shareholder class action against regenerative medicine company Mesoblast.
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.
A second law firm has launched a class action investigation into Google’s dominance in the online advertising exchange, alleging breaches of competition laws.
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.
CBA has attacked two failed class actions’ “misguided” appeal, arguing that requiring companies to disclose incomplete information to shareholders would distort the market.
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.
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.
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.