Noumi has admitted in a case by ASIC to breaching its continuous disclosure obligations by overstating the value of its inventory and failing to give a true and fair view of the companyâs financial position.
A judge who previously described as a “schemozzle” a law firm’s attempt to drop a class action over Telstra’s COVID-19 vaccine policy has refused a bid to keep secret Clive Palmer’s involvement as funder of the aborted litigation.
IG Markets has been hit with a second class action for offering âhighly risky and unsuitable financial productsâ to retail investors, with a third competing proceeding in the works.
A Blue Sky director has pointed the finger at auditor Ernst & Young in a class action alleging the collapsed investment firm misled shareholders by misstating its assets under management.Â
Boutique law firm William Roberts has lured Omni Bridgeway’s former managing director for Asia Pacific to grow its litigation team.
A judge has refused a lead applicantâs novel bid for financial information to use at settlement discussions in a group proceeding against Dixon Advisory.
Junior doctors have notched an important victory in a class action alleging Peninsula Health failed to pay overtime hours, with a judge finding the healthcare provider liable to pay for overtime that was not expressly authorised.
A judge has ordered KPMG to turn over its complete audit files for CuDeco in a shareholder class action against the defunct mining company’s former company directors and the accounting firm over allegedly misleading statements about the value of ore reserves at CuDeco’s Rocklands mines in Queensland.
Two courts have ruled that in competing class actions against Hyundai and Kia over allegedly faulty anti-lock braking systems, a plaintiffâs bid to transfer one of the cases from Victoria to the Federal Court should precede a carriage fight, deeming it the “straightforward” option.Â
AMP has set aside $50 million in its financial statement for the first half of 2023 to cover potential liability in a class action won last month by financial advisers over the wealth manager’s buyer of last resort policy.