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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 have “troubling” repercussions for insider trading cases and must be overturned.
Coles and Woolworths face a possible second class action over alleged dodgy discounts the subject of enforcement action by the consumer watchdog.
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.
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 concurrent group proceeding in Hong Kong could complicate an Australian class action against Perth-based forex trader Best Leader Markets Pty Ltd.
Coles and Woolworths have been hit with class actions on the back of ACCC proceedings alleging the grocery giants misled consumers with false discounts.
The law firm running a class action against Exactech over allegedly faulty joint implants is facing the "impossible task" of settling the case by January, the "drop dead" deadline for resolving the claim under its US parent company's restructuring.
Australia's competition watchdog is concerned Cleanaway's proposed acquisition of Citywide could reduce competition in the waste management sector.
A judge presiding over two competing class actions against Harvey Norman has granted the lawyers more time to confer on whether they can reach a deal to run the cases together.