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TerraCom directors to claim penalty privilege in novel ASIC case
ASIC 2025-02-18 2:14 pm By Julia Kanapathippillai

Four directors of coal producer TerraCom have flagged they will not show their hand in the corporate regulator’s first-ever case alleging breaches of whistleblower protections.

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Goodman Group seeks to raise $4.4B to fund investment in data centres
Securities 2025-02-19 11:35 pm By Andy Sidler

Property developer Goodman Group is seeking to raise $4.4 billion to fund its investments in data centres, as demand increases from the expanded use of cloud computing and artificial intelligence.

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ASIC, Noumi privilege win gives comfort to companies mulling VDAs
Analysis 2025-02-14 11:34 pm By Christine Caulfield

A finding that Noumi’s production of a PwC report to ASIC didn’t constitute waiver of privilege provides clarity that voluntary disclosure agreements can protect confidential information, but care must still be taken, lawyers say.

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MinRes confirms boss will step down over disclosure failures
Energy & Natural Resources 2025-02-13 3:38 pm By Andy Sidler

Mineral Resources confirmed Thursday managing director Chris Ellison will be replaced following a disclosure scandal detailed late last year, but no new penalties will be imposed.

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BHP class action can expand group definition, but not retroactively
Appeals 2025-02-12 10:34 am By Cindy Cameronne

A class action against BHP can include in the group member definition investors who bought shares on secondary platforms, but the change can’t apply retroactively.

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Judge complains of ‘spiralling costs’ of expert evidence in class actions
Class Actions 2025-02-11 11:41 pm By Christine Caulfield

In deciding an evidentiary dispute in a shareholder class action against building materials giant Boral, a judge has sounded off over the increasing costs of expert evidence produced in group proceedings.

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Noumi, Deloitte to pay $43M to settle shareholder class action
Class Actions 2025-02-04 12:42 pm By Cat Fredenburgh

Noumi and auditor Deloitte will pay $43 million to resolve a class action alleging the company misled investors about its inventory, and the class action will make a play for a $5 million penalty agreed to in ASIC proceedings.

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Cushman & Wakefield unit loses suit over $1.2B property services acquisition
Real Estate 2025-02-05 11:48 pm By Cindy Cameronne

Commercial property firm DTZ Worldwide has lost its bid for $243 million in damages related to its acquisition of United Group from UGL Limited over United’s alleged failure to disclose that a key contract was ā€œloss-makingā€.Ā 

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ASIC investigating ASX over December settlement outage
Investigation 2025-02-03 5:20 pm By Cindy Cameronne

The corporate regulator has commenced an investigation into ASXā€™s one-day technical failure that prevented the settlement of trades on the CHESS system shortly before Christmas.Ā 

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Armour takeover case against Baker McKenzie can’t boost damages to $135M
Corporate 2025-01-31 11:54 pm By Sam Matthews

A judge has rejected a new pleading that would have upped the damages to $135 million in a case by a shareholder of failed energy company Armour Group alleging law firm Baker McKenzie was knowingly involved in a plan to take control of the company for cheap.

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