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.
A shareholder class action has slammed as “nonsensical” Fletcher Building’s claim that a judge’s public comments in his previous role at Maurice Blackburn created an appearance of bias against corporate defendants.
A judge who was previously the head of class actions at Maurice Blackburn has questioned a bid by Fletcher Building that he recuse himself from presiding over a shareholder case against the construction company.
Group members will receive no less than 50 per cent of a $42.25 million settlement reached in a shareholder class action against engineering firm CIMIC.
Macquarie Capital has hit back at a class action over an alleged misleading prospectus for Nuix’s $1.8 billion IPO, saying it was entitled as underwriter to rely on the software company’s promises.
The federal government will take on $50 million of Rex Airlines’ debt to keep the troubled regional carrier flying.
A shareholder and creditor of failed energy company Armour Group will have to front $3.5 million in security in its case against law firm Baker McKenzie and others ahead of an upcoming trial.
Gold mining company Evolution Mining is facing a shareholder class action for its alleged failure to disclose issues with the performance of its Canadian gold mine.
A judge has signed off on a $38 million settlement in a shareholder class action against Mayne Pharma but has slashed a 27.9 per cent commission for the funder that backed the case. Victorian Supreme Court Justice Andrew Watson approved the settlement on 19 December, including $6 million in legal costs and a 25.7 per…
Shareholders in collapsed financial services firm Babcock & Brown have lost their bid to stay costs orders after losing a ten-year-old dispute.