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Judge OKs $3M settlement in Kagara shareholder class action
Class Actions 2018-08-27 8:34 pm By Miklos Bolza

A $3 million settlement in the shareholder class action against the directors of failed mining company Kagara has been approved, with a Federal Court judge saying the amount is fair and reasonable despite two-thirds of it going to the lawyers and funder that brought the case.

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Ex-Kagara directors reach deal in shareholder class action
Class Actions 2018-07-27 8:45 pm By Miklos Bolza

Eight former directors of failed mining company Kagara have settled a shareholder class action alleging they misled investors and falsified the company’s accounting records, the Federal Court heard Friday.

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