The Treasurer is expected to introduce legislation on Thursday that will mandate review of mergers above a certain monetary threshold and tie-ups deemed “high risk”.
A ruling that clarified the materiality requirement in continuous disclosure cases could lead to more regulatory actions and activist shareholder claims, but won’t boost shareholder class actions, experts say.
A judge has indicated he will sign off on a $100,000 penalty and four-year ban against the former CFO of Noumi, who has admitted his role in the food company’s non-disclosures.
A court has approved a $100 million penalty and another $20 million payment in compensation for Qantas customers after the airline admitted to selling tickets on cancelled flights.
A judge has restrained Health Services Union secretary Diana Asmar from using union cash to fund her defence against allegations of illegitimate reimbursements at the union’s Victorian branch.
Court-appointed receivers of investment firm Keystone have won an extension to a freezing order against a Melbourne developer who is suspected of receiving $160 million in investor funds.
A lawsuit by former Blockchain Global employees against the defunct cryptocurrency exchange has been stalled to allow CEO Sam Lee to be joined to the case.
A criminal case against a former financial adviser from Macquarie accused of trading in derivatives without a client’s authority has been dismissed.
Coles and Woolworths may be hit with class actions for allegedly misleading customers with false discounts.
A court has tossed claims against ASIC by the former boss of investment fund Blue Sky, describing the allegations as scandalous and untenable.