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ASIC’s former deputy chair Karen Chester cleared by corruption watchdog
Public Corruption 2024-09-12 10:03 pm By Andy Sidler

The corruption watchdog has issued a statement in response to reports suggesting ex-ASIC official Karen Chester faced an investigation, saying the deputy chair was never the subject of a probe.

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Boral class action trial paused as appeal flagged over questioning of ex-CEO
Trials 2024-09-11 3:35 pm By Christine Caulfield

Trial in a shareholder class action against Boral has been halted amid an appeal over a decision to allow questioning of former CEO Michael Kane about an email that mentioned a confidential EY report.

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Blue Sky directors may be ‘dragged back’ into shareholder class action, court told
Class Actions 2024-09-11 11:07 pm By Cindy Cameronne

Three former Blue Sky directors who were originally named in a shareholder class action against the collapsed fund manager might be “dragged back” into the case after its chief operating officer pointed the finger at him in his defence, a court has heard.

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Class action can grill Boral boss over email reference to EY’s dismal take on US biz
Trials 2024-09-10 3:13 pm By Christine Caulfield

Boral’s former CEO Michael Kane can be questioned at trial over a reference he made in an email to findings by EY about the building material group’s poor performing US windows business, despite claims that the findings were privileged.

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Mesoblast reaches settlement in class action over COVID-19 treatment
Class Actions 2024-09-09 12:57 pm By Cindy Cameronne

Mesoblast has agreed to settle a shareholder class action centred on statements to the market about its Remestemcel-L treatment, resolving claims it misrepresented the efficacy of the therapy for COVID-19 patients.

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Domino’s hit with shareholder class action
Class Actions 2024-09-06 9:47 pm By Cat Fredenburgh

Dominoā€™s has been stung with shareholder class action accusing the pizza giant of misleading the market about its expected performance in Japan.Ā 

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Claims in $40M class action against Whitehaven Coal ā€˜fancifulā€™, court told
Class Actions 2024-09-04 11:44 pm By Cindy Cameronne

Whitehaven Coal has struck back at a class action led by the father of famed mining investor Nathan Tinkler, calling the claims that it failed to fulfil an implied term of a $150 million share subscription from 2012 “fanciful”.

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Sleeping Duck shareholder rejected $4M settlement in failed oppression suit
Securities 2024-09-04 11:32 pm By Andy Sidler

A Sleeping Duck shareholder has been ordered to pay the company’s costs on an indemnity basis in its failed oppression suit, with a judge finding that its decisions to reject Sleeping Duck’s buy-out offers of roughly $4 million were unreasonable.

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Whitehaven Coal shareholders ‘trapped’ after 2012 acquisition, class action trial told
Trials 2024-09-03 11:45 pm By Cindy Cameronne

Shareholders in Whitehaven Coal who helped inject $150 million of capital during a 2012 merger are “trapped” after the ASX-listed coal producer failed to abide by its side of the deal, a class action funded by mining investor Nathan Tinkler has alleged on the first day of trial.

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Former EY partner hit with indemnity costs for rejecting National Tiles settlement offer
Securities 2024-08-30 11:44 pm By Cindy Cameronne

A former EY partner and ousted board member at National Tiles has been ordered to pay indemnity costs after he lost a $1 million share dispute with the flooring company, with a judge finding he “unreasonably failed” to accept a settlement offer.Ā 

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