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ASIC takes Wiluna Mining to court over $57M capital raising announcement
Energy & Natural Resources 2025-04-14 11:52 pm By Julia Kanapathippillai

The corporate regulator has brought enforcement action against Wiluna Mining, accusing the gold mining operation of misleading conduct over a capital raising a month before it went under.

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Judge allows tweak to ratings suit against S&P ahead of trial
Securities 2025-04-11 11:03 pm By Sam Matthews

The applicant in a suit against S&P over alleged defective ratings can tweak its pleadings ahead of a June trial, with a judge rejecting S&P’s argument the changes introduce a new case.

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Westpac looks to shield Allens chronologies in AUSTRAC class action
Class Actions 2025-04-09 11:09 pm By Andy Sidler

Westpac is arguing timelines prepared by law firm Allens are privileged and should not be handed over in a shareholder class action over its alleged lax compliance with anti-money laundering laws.

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CIMIC class action funder takes $4.7M haircut from commission
Class Actions 2025-04-08 11:56 pm By Christine Caulfield

The litigation funder behind a class action against engineering firm CIMIC took a $4.7 million hit to its commission from a settlement after a dispute with the plaintiff’s law firm, according to a decision published Friday.

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CIMIC class action wins court nod for $45.25M settlement
Class Actions 2025-04-07 2:04 pm By Christine Caulfield

A judge has approved a $45.25 million settlement in a shareholder class action against engineering firm CIMIC over disclosures relating to its Middle East business.

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Ex-Trademax trader ordered to court for grilling over work at rival FP Markets
Financial Services 2025-04-07 11:03 pm By Julia Kanapathippillai

A former Trademax trader who allegedly worked for a rival platform while employed by the firm has been ordered to court for questioning over claims he did not have access to crucial documents.

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Judge won’t toss claims in Fitch Ratings class action
Class Actions 2025-04-03 4:07 pm By Julia Kanapathippillai

Fitch Ratings has lost its bid for summary dismissal of claims in a class action over allegedly rosy ratings for risky derivative financial products issued 17 years ago on the basis that they are time-barred.

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Mineral Resources, Chris Ellison hit with shareholder class action
Class Actions 2025-04-02 10:25 am By Cat Fredenburgh

Mineral Resources and founder Chris Ellison have been hit with a shareholder class action over alleged disclosure failures related to transactions with a company Ellison owned.

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ASIC, Reserve Bank have ‘deep concerns’ about ASX after CHESS outage
Securities 2025-03-31 11:24 pm By Christine Caulfield

ASX’s management of operational risk that led to December’s CHESS settlement outage has the corporate regulator and the Reserve Bank “increasingly concerned” and “deeply disappointed”.

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Light & Wonder faces potential shareholder class action
Class Actions 2025-03-28 11:26 pm By Andy Sidler

Gaming company Light & Wonder is facing a possible shareholder class action for allegedly misleading investors about the growth of its Dragon Train game, which Aristocrat claims its rival developed by misappropriating its trade secrets. Class action firm Phi Finney McDonald announced it is investigating a class action on behalf of investors who purchased Light…

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