Latest Legal Challenges News

Phoslock Environmental Technologies reported a $474,000 cashflow deficit in Q2 2025, with sales impacted by deferred European projects and ongoing US tariff uncertainties. Factory refurbishment delays push production restart to early 2026.

Imperial Pacific reports a solid 14.4% increase in net worth for FY2025, driven by strong investment gains and strategic moves including reinstating its Dividend Reinvestment Plan.

The Takeovers Panel has decided not to proceed with an application challenging Keybridge Capital’s board decisions amid Yowie Group’s takeover bid, citing prior rulings and no unacceptable circumstances.

Sarama Resources has successfully closed the first tranche of a A$2.7 million equity placement to fund exploration at its Cosmo Gold Project and support ongoing arbitration efforts. The second tranche, involving options and director participation, awaits shareholder approval.

Traka Resources disputes Alamako Resources’ notice to terminate their partnership on the Didi Gold Project in Guinea, signaling a brewing legal standoff. The company insists it has acted in good faith and is exploring its options.

Korab Resources faces renewed uncertainty at its Rum Jungle Project after the Supreme Court invalidated the renewal of two key mineral leases due to a conflict of interest in the decision-making process.

AMP Limited is set to defend itself against a new class action alleging inflated life insurance premiums and a separate dispute over a major property sale, signaling potential challenges ahead for the financial services giant.

betr Entertainment disputes the exclusion of its proxy vote in the PointsBet MIXI scheme meeting and signals a legal challenge ahead of a key court hearing. Meanwhile, betr prepares an unconditional takeover offer for PointsBet shareholders.

The Star Entertainment Group is asking shareholders to approve a $400 million strategic investment package critical to its survival, involving convertible notes from Bally's and its largest shareholder. This move aims to secure the company’s future amid ongoing legal challenges and financial strain.

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.

Keybridge Capital has lodged formal applications with the Takeovers Panel contesting Yowie Group’s off-market takeover offer, citing alleged legal circumvention and disclosure issues. The dispute raises questions about control dynamics and shareholder rights in the unfolding corporate tussle.

Mayne Pharma shareholders have overwhelmingly approved a scheme for Cosette Pharmaceuticals to acquire the company, setting the stage for a pivotal court hearing later this year.