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News
Mesoblast may face fresh class action claim in Australia,
A law firm in Australia is preparing a fresh class action claim against Mesoblast that alleges misleading or deceptive conduct to investors and breaches of continous disclosure in the way in which the biotech promoted the prospects of its main product candidate, Remestemcel-L. More
‘Puffed up IPO’: Two class action law firms investigating Nuix,
At least two class action specialist firms are investigating a potential shareholder lawsuit over the botched listing of the Macquarie-backed technology company Nuix after three days of damning revelations about its float and corporate governance. More
Freedom Foods faces second class action,
Lawyers running the second shareholder class action against Freedom Foods and Deloitte have accused the two companies of “betraying mum and dad investors” as the fallout of Freedom’s accounting scandal continues. More
CIMIC’s Mideast JV marked down to zero,
Australia’s biggest construction company, CIMIC, has given zero value to its Middle East business but says it still remains in talks with potential acquirers interested in buying out its stake while a tough outlook led the company to issue profit guidance for 2021 below expe... More
BHP loses bid to limit claims in dam disaster,
Mining giant BHP has lost a legal bid to restrict non-Australian shareholders and those who hold their interest through foreign exchanges from joining a class action lawsuit in Australia’s Federal Court over the deadly Samarco dam collapse in 2015. More
Frydenberg puts brakes on Getswift,
Federal Treasurer Josh Frydenberg has put the brakes on Getswift’s plans to redomicile in North America by blocking the last-mile logistics provider’s plans to exit the ASX while a class action and a regulatory legal battle works through the courts. More
Lawyers look to Westpac settlement,
The principal lawyer leading a class action against the country’s second largest bank has said the mammoth settlement agreement over its money laundering charges would spell good news for claimants. More