Latest Class Actions News

Treasury Wine Estates has secured Supreme Court approval for a $65 million settlement of a consolidated shareholder class action, allowing the company to focus on its strategic goals without admitting liability.

Virgin Australia Holdings Limited is set to list on the ASX, raising $685 million through a mix of new and existing shares, showcasing its transformation journey and strategic partnership with Qatar Airways.

Dubber Corporation has initiated court proceedings against its former auditors following a $26.6 million misappropriation uncovered in FY24, aiming to restore financial stability by year-end.

QuickFee Limited reports mixed Q4 FY25 results with solid growth in US Pay Now and Australian Finance, offset by a significant US Finance decline due to credit impairment. The company completes a major refinancing and capital raise while maintaining FY25 earnings guidance.

Indiana Resources confirms receipt of settlement payments from Tanzania but moves to arbitration after a tax dispute threatens the agreement. The company awaits Australian tax approval to return capital to shareholders.

Top Shelf International Holdings has resolved its long-standing excise debt issue, leading to the dismissal of Australian Taxation Office proceedings against its subsidiary.

State Gas Limited faces a land access blockade at its Rolleston West Project, prompting legal action to resume critical drilling operations. The dispute threatens to delay progress on promising coal seam gas assets in Queensland's Bowen Basin.

London City reports a record investment portfolio value of $27.3 million, buoyed by strong gains in Fiducian Group shares, while legal proceedings against Excelsior Capital and its directors continue to unfold.

Wingara AG Limited’s planned funding placement with Terra Firma Equity Limited has fallen through, prompting legal considerations and a pause on a key board appointment.

FleetPartners Group Limited reported a 2.6% revenue increase to $377 million for the half-year ended March 2025, while net profit after tax declined 5.3% to $34.5 million, reflecting operational headwinds from a major system upgrade.

Winchester Energy has successfully dismissed all legal claims from Westex Resources over its 2022 Texas farm-in, removing a key project risk.

National Australia Bank’s half year results to March 2025 reveal modest revenue growth and stable cash earnings amid competitive pressures and regulatory demands. The bank’s strong capital position and ongoing strategy execution underpin cautious optimism.