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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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CoStar makes best and final offer for Domain
M&A 2025-03-27 11:47 pm By Julia Kanapathippillai

US real estate company CoStar has made a second offer to buy real estate listing site Domain, upping its offer price by more than 5 per cent.

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CIMIC class action funder asks court to rule on hypothetical commission
Class Actions 2025-03-24 11:09 pm By Andy Sidler

The funder that backed a shareholder class action against engineering firm CIMIC that settled for $45.25 million will take a cut to its 25 per cent commission, but wants the court to find the commission would otherwise have been reasonable. 

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James Hardie to buy US-based AZEK in $14B merger
M&A 2025-03-24 11:21 pm By Julia Kanapathippillai

Australian building materials giant James Hardie will acquire US-based home decking provider AZEK in a nearly $14 billion merger.

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Judge ‘far too demanding’ in Worley class action, shareholder says
Class Actions 2025-03-20 11:28 pm By Cindy Cameronne

A judge was too exacting in deciding the applicant in a shareholder class action against engineering services firm Worley suffered no loss from misleading guidance, an appeals court has heard.

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PE firm on hook for $12.5M in dispute over copper mine share sale
Contracts 2025-03-21 11:32 pm By Sam Matthews

Private equity firm EMR Capital has been ordered to pay $12.5 million under a controversial share sales agreement for a Queensland copper mine.

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Nine in talks with CoStar about sale of Domain stake
Real Estate 2025-03-21 11:02 pm By Julia Kanapathippillai

Nine Entertainment has confirmed it is in talks with US real estate company CoStar over its proposal to buy the media company’s 60 per cent stake in real estate listing site Domain.

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