Latest Federal Court News

The Federal Court of Australia has approved BHP’s AU$110 million settlement of the Samarco shareholder class action, marking a significant legal milestone for the mining giant.

MEC Resources Ltd has announced a placement of over 359 million new options to raise approximately $359,000, with directors participating to offset fees. The offer comes as the company navigates ongoing legal challenges related to its key PEP-11 permit.

Lynch Group Holdings Limited (LGL) will be suspended from ASX trading following Federal Court approval of its acquisition by Darwin Aus Bidco Pty Ltd. This marks a significant step in the company’s transition under new ownership.

Lynch Group Holdings confirms Federal Court approval of its acquisition scheme by Darwin Aus Bidco, with shares suspended and a cash payout scheduled. Shareholders await the next steps as the deal moves toward implementation.

The Federal Court of Australia has approved the acquisition scheme for Lynch Group Holdings, paving the way for a cash payout to shareholders and imminent trading suspension.

Keybridge Capital Limited is navigating a complex recovery with new board leadership, partial loan repayments, and favorable court rulings against former executives. The company is steadily addressing legacy financial and legal challenges.

Electro Optic Systems has resolved ASIC's investigation into its 2022 revenue guidance breaches by agreeing to a $4 million penalty, paving the way for renewed focus on growth and governance.

Sequoia Financial Group has acknowledged that ASIC’s civil penalty proceedings against its subsidiary InterPrac are material and confirmed timely disclosure to the market following formal notification.

Lynch Group shareholders have overwhelmingly approved the proposed acquisition by Darwin Aus Bidco, clearing a major hurdle ahead of final court approval and trading suspension.

Lynch Group Holdings Limited shareholders convened to vote on a proposed $2.155 per share acquisition by Hasfarm Bidco, with strong board and expert backing. The scheme offers a significant premium and awaits final court approval.

Bentley Capital Limited has reached a confidential settlement with Keybridge Capital Limited, receiving $250,000 to resolve a protracted legal dispute over shared legal costs.

London City Equities and Excelsior Capital have settled their legal dispute, with Excelsior agreeing to a company-managed liquidation and delisting from the ASX by June 2026. This resolution avoids costly litigation and refocuses London City on its investment strategy.