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A judge overseeing a shareholder class action over the collapse of fund manager Blue Sky will explore how artificial intelligence can be used to reduce costs in the case, which have already reached $20 million.
A judge has allowed a mid-trial amendment in a shareholder class action over software company Nuix's 2020 public float on the ASX.
A KPMG partner who resigned in the wake of the firm's leaks scandal in May has defended his auditing of now defunct steelmaker Arrium, telling a court that inconsistencies were resolved through talks with management.
The former chairman of collapsed Arrium has denied that his purchase of 750,000 shares was aimed at showing confidence in the company, attributing his purchase to a personal policy.
Nuix has blasted as defective and "exceptionally" late a proposed mid-trial amendment to the pleadings in a shareholder class action over the software firm's 2020 IPO.
A director of defunct Arrium has told a court he didn't believe it was necessary to revisit the steelmaker's iron ore price assumption before approving the company's 2014 accounts, even after the price fell significantly.
Last year saw the lowest number of class action filings since 2016, but approved settlements reached the second-highest total ever, according to a recent law firm report.
The corporate cop is challenging a decision that tossed its breach of duty claims against three Regional Express board members over the company's continuous disclosure failures.
On his fourth day giving evidence in a shareholder class action trial, Arrium’s former CEO has denied that the company relied on overly optimistic assumptions when making forecasts about its business, despite a history of missed targets.