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Judge mulls CFO to cut Mayne class action funder’s commission
Class Actions 2024-11-08 11:48 pm By Andy Sidler

A commission baked into a funding agreement in a class action against Mayne Pharma is under threat, with a judge mulling an order off his own bat to cut the rate. 

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BHP says shareholders can’t expand class action because of ‘drafting error’
Class Actions 2024-11-08 11:12 pm By Cindy Cameronne

BHP has told an appeals court a shareholder class action should not be allowed to expand the group definition to correct an alleged drafting error.

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MinRes boss Chris Ellison to step down after disclosure, integrity failures
Energy & Natural Resources 2024-11-04 11:07 pm By Andy Sidler

Founder and managing director of mining company Mineral Resources Chris Ellison will step down after an internal investigation found he engaged in misconduct.

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BHP class action gets 3 extra weeks for high-stakes trial
Class Actions 2024-10-30 11:03 pm By Sam Matthews

A shareholder class action against BHP over the 2015 Fundao dam collapse in Brazil has won a bid to add an extra three weeks to a six-week hearing to account for any evidentiary surprises.

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Medibank says Deloitte data breach report not relevant in shareholder class action
Privacy & Cybersecurity 2024-10-29 11:43 pm By Cindy Cameronne

Medibank is seeking to shield from a shareholder class action an “irrelevant” post-incident report by Deloitte into its massive October 2022 data breach.

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Freehills the firm of choice for MinRes, WiseTech as bosses face scrutiny
Article 2024-10-29 11:50 pm By Christine Caulfield

As Mineral Resources and WiseTech face shareholder glare over accusations levelled at their billionaire bosses, it is Herbert Smith Freehills that their embattled boards have turned to.

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iSignthis’ John Karantzis could not pay $1.5M penalty, court told
ASIC 2024-10-21 11:38 pm By Andy Sidler

The former CEO of fintech iSignthis would need a loan to pay a $1.5 million penalty sought by the corporate regulator for breaches of directors duties, a court has heard.

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Funder seeks $10.6M cut from Mayne Pharma class action settlement
Securities 2024-10-21 11:29 pm By Cat Fredenburgh

The funder and law firm that ran a shareholder class action against Mayne Pharma are seeking deductions that would leave more than half of a $38 million settlement for group members.

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‘A bottle of wine every night’: Ex-Noumi CFO’s non-disclosures caused him to spiral
Securities 2024-10-17 1:28 pm By Cat Fredenburgh

The former CFO of Noumi has been hit with a $100,000 penalty and four-year ban for his involvement in the company’s continuous disclosure breaches, which a judge heard caused him to drink a bottle of wine every night.

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Cooperation not irrelevant in class action beauty parades, appeals court says
Appeals 2024-10-15 11:21 pm By Sam Matthews

An appeals court has backed a decision awarding carriage of a shareholder class action against Downer EDI to two firms that joined their cases, rejecting an argument that it would encourage races to consolidate.

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