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A former US Congressman and indirect beneficiary of Queensland gold mining company Citigold has lost a bid to launch derivative action accusing the company's chairman of sharing insider information with his brother.
The former directors of Canberra firm Aulich Civil Law have lost their challenge to orders that they compensate a former shareholder in the legal practice, after it was found they issued shares to dilute her holding.
A former US congressman who holds shares in Queensland gold mining company Citigold is seeking to bring a derivative action in the Federal Court, accusing the brother of company chairman Mark Lynch of trading on sensitive inside information.
Construction PRO
Goodman Group and NYSE-listed Digital Realty Trust have made a play for a 9.9 per cent shareholding in rival NextDC in an aftermarket “share raid”, as the AI data centre operator faces class action probes into a $140 million revenue downgrade.
A shareholder class action against water treatment firm Phoslock will bring new claims that the former managing director and ex-chairman are liable as accessories, a court heard Tuesday.
AI data centre operator NextDC is the target of a second investigation by a class action law firm after its $140 million revenue revision late last month.
The Full Federal Court has upheld a finding that fintech iSignthis made misleading representations to shareholders, as well as a decision socking it with a $10 million penalty.
A law firm that's running a shareholder class action against online travel agency Web Travel over an allegedly misleading earnings guidance is seeking a group costs order rate which a judge recently noted in a separate case "was on the higher end".
Prosecutors have discontinued an aiding and abetting charge against billionaire Clive Palmer over his resort company's breach of takeover laws.
The securities regulator has launched proceedings against the former directors of Falcon Capital, the latest action by ASIC over the First Guardian Master Fund, which collapsed in 2024 taking $600 million in investor funds with it.