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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.
Collapsed steelmaker Arrium's former chief executive has testified during a shareholder class action trial that a five-year business plan projecting a 'V-shaped' turnaround was not an unrealistic pipe dream.
A massive dip in the price of iron ore in 2014 did not ring alarm bells for failed Arrium's then CEO, a court has heard, with the former boss denying that a capital raising that year was an urgent measure in the face of the potentially 'catastrophic' drop.
The funder that bankrolled a settled shareholder class action against directors of collapsed mining company CuDeco and KPMG may face a haircut to its proposed 35 per cent commission after a contradictor was appointed to scrutinise the reasonableness of the rate.
A group of shareholders is pushing Commonwealth Bank to take steps to outline how its financing will become deforestation-free, claiming the bank's disclosures have not captured deforestation risks.
A judge has knocked back a class action’s bid to revise its claims against KPMG and former Arrium directors mid-trial, saying the amendments made for a "vastly different" case.