Securities

Private mining investment firm QGold and its founder Christopher Ian Wallin have been hit with a class action, the third representative proceeding filed so far this month.

The ASX will oppose a shareholder's bid to bring a derivative suit against former officers and directors over its bungled CHESS replacement project, after a judge found directors were involved in misleading investors about the project and hit the exchange with a $20.5 million penalty.

AI data centre operator Firmus has scrapped its plans for an initial public offering that valued the company at over $44 billion.

Light & Wonder has hit back at a securities class action over disclosures about the theft of Aristocrat's trade secrets, denying that its 2025 $1.4 billion forecast depended on its Dragon Train poker game which misappropriated its rival's IP.

A judge has questioned how a law firm arrived at a proposed GCO rate of 35 per cent in a shareholder class action against Light & Wonder and wants more data to support the application, which the game maker said was based on "impressionistic" evidence.

A judge has largely refused a bid by DGR Global to amend its “tortured” case against Baker McKenzie and others for a fourth time, calling the changes "renovations rather than mere repair". 

The law firm behind a shareholder class action against poker machine company Light & Wonder is calling for a contingency fee on the high end of group costs orders issued to date.

A shareholder class action alleges Cochlear knew months before announcing a profit downgrade that weakening US demand, financial pressures on hospitals and problems with its new Nexa implant made its FY26 earnings guidance unreliable.

The founders of automotive data company Blue Flag have sued majority owner Optimus Group, claiming it improperly sent default notices to divert a share exit process.

Hearing implant giant Cochlear faces a second shareholder class action following two forecast downgrades that wiped billions of dollars from the company's market value.